Bollinger Band RSI Smartingale Basket Trader
Bollinger Band - RSI Smartingale Basket Trader
Bollinger Band RSI Trader is a fully automated Expert Advisor with the use of a smart martingale system as an option.
The Bollinger Band and the RSI indicator are used for entries.
The beauty of a Basket Trader is the function to calculate for all open trades of the same symbol and the same direction a break even point. From there the defined TakeProfit will start. The potentional of a Basket Trader is enormous. See the result 2017 + 2018.
This is an EA which you set up and forget about. Let the robot do it's job.
Default settings reccomend for EURUSD M15.
The product works all Forex pairs. Specify values in pips and it will automatically recalculate everything nevertheless what digit broker you are using.
you can choose between Fixed Lotsize, incremental lotsize or Smart Martingale (starting with the value of incremental Lotsize).
- Fixed Lotsize the standard is set to 0.0
- Incremental Lotsize the standard is set to 0.01. Incremental Lotsize is starting with a value x, each new position of the same symbol (EURUSD e.g) and the same direction (buy e.g.) will add this value x. E.g. Trade 1 = 0.01 ; Trade 2 = 0.02 ; Trade 3 = 0.03, a.s.o till Trade 20
- Stopploss the standard is set to 250, to allow the Basket Trader to do his work
- Takeprofit the standard is se to 25
- Smart Martingale the standard is set to false; here you can activate the Smart Martingale. If activated, the Multiplier will be calculated in Pos 6
- Calculator for Martingale the standard is set to 25 % Trail. This results in a Multiplier for the next Martingale position of 3.
Bollinger Band setting:
you can choose and change the Bollinger Band Period and Deviaton. Standard is set to 20 and 2.
you can choose and change the RSI Period, the High and Low Level. Standard is set to Period = 14; High = 85 and Low = 15. These settings showed the best result in EURUSD M15.
- Show comment the standard is set to true. You should deactivate it when runnig the tester. In the live version it is quitusefule as it is showing:
- Total open buy order
- Total open buy lots
- Break Even of buys
- Total open sell orders
- Total open buy lots
- Break Even of sells
- Account balance
- Number from which to compute Magic Number the standard is set to 10000. The EA generates for each symbol a unique MagicNumber
- editable comment line to find the trades easy in an external evaluation tool