Outlier Robot
- Experts
- Hong Ling Mu
- Version: 1.0
- Activations: 5
This EA utilizes Bollinger Bands logic to execute trades. Here's how it works:
- When the closing price surpasses the upper band of the Bollinger Bands, it counts as a SELL signal.
- When the closing price falls below the lower band of the Bollinger Bands, it counts as a BUY signal.
- Trades are not executed immediately upon receiving a signal.
Instead, the EA waits until the number of such outliers exceeds a certain threshold. This helps in avoiding unnecessary entries as much as possible.
Additionally, the EA can have a maximum of 10 simultaneous entries. Once the total profit reaches 10 pips, or if a reverse signal occurs, all trades are closed.
Please note that optimal settings may vary for each currency pair.