1H Bolinger Bands – EA MetaTrader 4

1H Bolinger Bands EA trades according to the “Bolinger Bands” indicator and two MA’s,has Trailing Stop Loss &Take Profit  works best on 1H  and 4H time frame major forex pairs and stocks NASDAQ.

Try it on demo first.

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

Inputs

•  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
•  TP_In_Money- Take Profit In Money   (values: 10-100).
• Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
• TP_In_Percent- Take Profit In Percent (values: 10-100).
• ————[Money Trailing Stop For Multiple Trades]———————-
• Enable_Trailing-Enable_Trailing with money  (values:true/false).
• Take Profit In Money (in current currency) (values: 25-200).
• Stop Loss In Money(in current currency) (values: 1-20).
• ————————————————————————————–
• Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
• tick=If “tick”=false-every tickIf “tick”=true -open prices  (values:true/false).
• Lots – Lots size (values: 0.01-1).
• Lots size Exponent  (values: 1.01-2).
• IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
• Stop_Loss – Stop Loss (values: 30-500).  /set value 600 for  Multiple Trades
• MagicNumber – Magic number (values: 1-100000).
• TakeProfit – Take Profit (values: 50-200).  /set value 600 for  Multiple Trades
• FastMA – Fast Moving Average (values: 1-20).
• SlowMA – Slow Moving Average (values: 50-200).
•  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
•  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
• ———————CONTROL DRAW DOWN—————————–
• UseEquityStop –  (values:true/false).
• TotalEquityRisk- (values: 0.01-20).
• ——————————————————————————-
• Max_Trades(1-12). 
• —————-IF YOU USE ONLY 1 TRADE:———————–
• /////////////////////////////////////////////////////////////////////
• USETRAILINGSTOP-If use trailing stop (values:true/false).
• WHENTOTRAIL-When to trail (values: 40-100).
• TRAILAMOUNT-Trail amount (values: 40-100).
• Distance From Candle -Distance From Candle (values: 1-100).
• USECANDELTRAIL=If use trailing stop (values:true/false).
• X=2-number of candles (values: 1-100).
• USEMOVETOBREAKEVEN-Enable ” break even ” (values: true/false).
• WHENTOMOVETOBE-When to move break even (values: 1-30).
• PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
• ////////////////////////////////////////////////////////////////////////

• You need to optimize this EA once  a month and use the exact same  inputs from above .

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  • How to perform back test:https://bit.ly/2CD7XWD