A SIMPLE EA BASE ON BOLLINGER BANDS

MQL4 Experts Forex

Specification

MY STRATEGY IS BASE ON THE USE OF BOLLINGER INDICATOR AND WINDOW INDICATOR AS FILTER. 


{1} BUY SETUP IS WHEN AN ARROW APPEAR AT THE LOWER BOLLINGER BAND LINE.AND THE WINDOW INDICATOR WHICH REPRESENT TREND

MUST BE GREEN IN COLOUR.THE TRADE WILL CLOSE WHEN PRICE TOUCHES THE UPPER LINE OF THE BAND.


{2}SELL SETUP IS WHEN AN ARROW APPEAR AT THE UPPER BOLLINGER BAND LINE AND THE WINDOW INDICATOR IS RED IN COLOUR.THE

TRADE WILL CLOSE WHEN PRICE TOUCHES THE LOWER LINE OF THE BAND.


{3}WHENEVER TRADE IS ON BOTH BUY AND SELL, AND WINDOW INDICATOR CHANGE COLOUR, THE EA SHOULD CLOSE ALL TRADE AND WAIT

FOR ANOTHER SIGNAL.


{4}WHENEVER PRICE MOVE UP TO 30 PIPS, IT SHOULD LOCK THE PROFIT.

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