FreelanceSections

An EA based on Bollinger Bands and Stochastic Oscillator

MQL4 Experts

Job finished

Execution time 5 days
Feedback from employee
Great client, glad that i worked with him
Feedback from customer
Very good and accurate developer. Highly recommended

Specification

Indicators: Bollinger Bands with the following settings: a period of 20, 2 standard deviations; Stochastic Oscillator with standard settings (14, 5, 3) as a filter.

A trading algorithm for a long entry

  1. Open a long position when the price touches a lower Bollinger band and the stochastic oscillator is in the oversold zone.
  2. Close your position when the price touches an upper Bollinger band.

A trading algorithm for a short entry

  1. Place a short order when the price touches an upper Bollinger band and the Stochastic Oscillator is in the overbought zone.
  2. Close your position when the price touches a lower Bollinger band.

The EA have following function: 

- Stoploss and take profit in pip

- Trading hour

- Lot mutiplier: if the first order is closed with loss then open next lorder with lot size =  the previous lotsixe x lot multiplier. 

- Magic number and comment. 



 

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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
to 4 day(s)