Bands and RSI

The strategy is based on a position of the previous bar, including its wicks, relative to the Bollinger Bands indicator. RSI should be pointing in the direction of a signal. The working timeframe is M30.

Features

• The template features an adaptive forecast algorithm based on history data of price action;
• It has multiple filters for opening new orders;
• Compatible with any trading strategy, both manual or automatic (Expert Advisors);
• It has the maximum possible and compatible functionality: adaptive order grid, locking, averaging, rebuying.

Expert Advisor Installation

The quotes history must be predownloaded for all currency pairs, to which the EA will be attached.

If Inp_Multicurrency is true, the EA works with the same magic number on all symbols it is launched on.

In order to provide operation of the news filter: In the terminal, open Tools ---> Options ---> Expert Advisors ---> add http://calendar.fxstreet.com to the "Allow WebRequest for listed URL list" field.

Main parameters

• Inp_RSIPeriod, Inp_RSIPrice - RSI parameters;
• Inp_BandsPeriod, Inp_BandsDeviation, Inp_BandsPrice - Bollinger Bands parameters;
• Inp_NewsFilter, Inp_NewsImpotance, Inp_StopBeforeNews, Inp_StartAfterNews - news filter settings;
• Inp_StartTime, Inp_EndTime - operation by time;
• Inp_PriceFilter - volatility filter;
• Inp_BalanceLots - calculation of the traded lot based on balance (maximum lot/100*Inp_BalanceLots);
• Inp_StartLots - initial lot, if Inp_BalanceLots = 0;
• Inp_PercenValues - set the values of stop loss, take profit, breakeven and trailing stop as percentages, otherwise in points;
• Inp_StopLoss - stop loss, 0 - not used;
• Inp_TakeProfit - take profit, 0 - not used;
• Inp_MinProbability - the minimum probability of profit for opening a position, 0 - not used;
• Inp_Forecast - number of price levels to build a forecast, set from 2 to 7;
• Inp_MagicNum - magic number; if 0, the EA works with all orders;
• Inp_EaComment - comment to trades;
• Inp_MaxSlippage - maximum slippage for opening an order;
• Inp_MaxSpread - maximum spread;
• Inp_ReverseTrades - reverse positions: open sell instead of buy and buy instead of sell;
• Inp_DiffDirections - allow opening oppositely directed orders;
• Inp_ModeWithdrawal - prohibit opening new orders, only close existing ones;
• Inp_Multicurrency - consider positions on all symbols in the calculation of stop loss, take profit, breakeven and trailing stop;
• Inp_CloseOnSignal - close positions in case of an opposite signal;
• Inp_CloseAllOrders - close all orders in opposite directions when the total profit or loss is reached;
• Inp_BreakevenStop, Inp_BreakevenStep - distance and profit in points for the position breakeven, 0 - not used;
• Inp_TrailingStop, Inp_TrailingStep - distance and profit in points for the position trailing, 0 - not used;
• Inp_MaxOrdersSeries - maximum number of orders in one direction;
• Inp_MaxLotsSeries - maximum cumulative lot size of order series in one direction;
• Inp_MaxOpenLots - maximum lot size for opening a trade;
• Inp_SendOrderLevel - distance from the last open position to place a level for opening a new order;
• Inp_PauseMinutes - pause in minutes between the modifications of order opening and placing levels, 0 - not used;
• Inp_LevelAveraging - step for setting the averaging level, 0 - not used;
• Inp_PlusLot - term of the previous lot size for averaging, 0 - not used;
• Inp_PlusRatio - lot increase ratio for averaging, value must be greater than 1; 0 - not used;
• Inp_LevelRebuy - step for setting the rebuy level, 0 - not used;
• Inp_MinusLot - subtract from the previous lot for rebuys, 0 - not used;
• Inp_MinusRatio - lot decrease ratio, value should be less than 1, 0 – not used;
• Inp_HedgingDrawdown - drawdown on a symbol for hedging, if 0 - not used;
• Inp_HedgingPair - symbol for hedging.