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REGISTER PARTICIPANTS Expert Bollingerupdownsimple Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 29, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #bollingerupdownsimple

    bollingerupdownsimple-logo-200x200-3409.png

    Expert Advisor "Bollinger UpDown Simple" trades using Bollinger Bands. Also it detects a strong movement on the average size of the bar (in this case enters at he middle of the movement). Stochastic, ADX and the direction of the bars can be additionally used to close an order. 4/5 digits are determined automatically. Distances are specified for 4 digits (points)

    Recommended deposit: USD 100 per 0.01 lots.

    In fact, 50 USD can be enough, which is clear from testing (during testing on EURUSD for 2015 the lot 0.05 was used with the deposit 87 USD, deposit not lost despite the fact that there were some unpleasant moments for the pair)

    Settings:
    • DefaultProfit = 10.0 - Minimum distance for taking profit
    • DefaultLot = 0.01 - Fixed Lot
    • BollFlatDist = 25 - Distance between the middle and top of the line in the flat
    • BollPowerDist = 2 - Change of the extreme line during a strong movement
    • tfIndexOpen = 4 - TF check for opening
    • tfAltIndexOpen = 0 - TF alternative check for opening
    • tfIndexClose = 4 - TF check to close
    • CloseLossOrder = FALSE - Alternative closure of unprofitable trades
    • tfStochClose = 4 - TF to check Stochastic for closing
    • StochPowerDist = 5 - Significant changes in the main line of Stochastic
    • tfADXClose = 5 - TF to check ADX for closing
    • tfPriceClose = 3 - TF to check bars for closing
    • NumBarsClose = 5 - Number of bars to check for closures
    • tfPowerPrice = 4 - TF to check price changes in a strong movement
    • PowerPrice = 6.5 - The indicator of price changes in a strong movement
    • NumBarsMed = 6 - Number of bars to determine the average bar
    • UseFilterTime = FALSE - time filter
    • StartHourMonday = 7 - Start of trading on Monday
    • EndHourFriday = 19 - End of trade on Friday
    • MagicNumber = 124;
    • SLDist = 90 - Stop Loss
    For all TFs the serial number of the timeframe is set starting from 0: 0 - M1, 1 - M5, 2 - M15, 3 - M30, 4 - H1 etc. Required only tfIndexOpen and tfIndexClose. For the rest TF = 0 means no use. ADX is used for tfPriceClose, ie tfADXClose must be greater than 0. SLDist does not set stop-loss, but is used to determine the maximum loss. CloseLossOrder is a very useful option to prevent this, and quite strongly reduces the unprofitable deal, but slightly reduces the overall profit (closes deal which could return to profit)

    bollingerupdownsimple-screen-3263.png

     

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