Are you ready to elevate your trading game? The 1-Hour Bollinger Bands EA is designed to execute trades based on the popular Bollinger Bands indicator and two moving averages. With built-in features like Trailing Stop Loss and Take Profit, this expert advisor shines in both the 1H and 4H time frames for major forex pairs and NASDAQ stocks.
Getting Started
- Make sure to test it out on a demo account first!
- This EA only trades using the price of the open candle!
- If you prefer not to increase the lot size after a losing trade, simply set IncreaseFactor=0.
Input Settings
- Use_TP_In_Money: Enable Take Profit in monetary values (true/false).
- TP_In_Money: Set your Take Profit in monetary values (10-100).
- Use_TP_In_percent: Enable Take Profit in percentage (true/false).
- TP_In_Percent: Set your Take Profit in percentage (10-100).
- ------------[Money Trailing Stop for Multiple Trades]----------------------
- Enable_Trailing: Enable trailing stop with monetary values (true/false).
- Take Profit In Money: Set your trailing take profit (25-200).
- Stop Loss In Money: Set your stop loss (1-20).
- --------------------------------------------------------------------------------------
- Exit: Close trades if the trend turns against you to control drawdown (true/false).
- Lots: Define your lot size (0.01-1).
- Lots size Exponent: Set an exponent for lot size increment (1.01-2).
- IncreaseFactor: Specify how much to increase lot size if you lose a trade (0.001-0.1).
- Stop_Loss: Set your stop loss (30-500). Use 600 for multiple trades.
- MagicNumber: Define a unique magic number for your trades (1-100000).
- TakeProfit: Set your take profit (50-200). Use 600 for multiple trades.
- FastMA: Fast moving average period (1-20).
- SlowMA: Slow moving average period (50-200).
- Mom_Sell: Momentum sell trigger (0.1-0.9).
- Mom_Buy: Momentum buy trigger (0.1-0.9).
- ---------------------CONTROL DRAW DOWN-----------------------------
- UseEquityStop: Enable equity stop (true/false).
- TotalEquityRisk: Set your risk tolerance (0.01-20).
- -------------------------------------------------------------------------------
- Max_Trades: Set the maximum number of trades (1-12).
- ----------------IF YOU USE ONLY 1 TRADE:-----------------------
- /////////////////////////////////////////////////////////////////////
- USETRAILINGSTOP: Enable trailing stop (true/false).
- WHENTOTRAIL: Define when to start trailing (40-100).
- TRAILAMOUNT: Set your trailing amount (40-100).
- Distance From Candle: Set the distance from the candle (1-100).
- USECANDELTRAIL: Enable candle trailing (true/false).
- X: Number of candles to consider (1-100).
- USEMOVETOBREAKEVEN: Enable break-even move (true/false).
- WHENTOMOVETOBE: Specify when to move to break-even (1-30).
- PIPSTOMOVESL: Set how many pips to move stop loss (1-30).
It's crucial to optimize this EA every few months to get the best results. Stick to the input settings mentioned above for optimal performance.
Whether you want to use it as a hedging grid EA or simply for single trades, this EA has you covered.
For those interested in back-testing, check out this guide.
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