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Bollinger with WPR demo

4.33

This Expert Advisor is the free version of "Bollinger with WPR scalper", which is based on the Bollinger bands and Williams' Percent Range indicators. Limitations of the free version: lot is fixed to 0.01, only the EURUSD currency pair is supported, trading time cannot be selected, trailing stop is not available. Nevertheless, it can make quite a lot of deals, so you do not have to wait for positions to be opened (with the appropriate settings and timeframes below H1).

The EA can be used on timeframes from M5 to H4. Before installing for each timeframe, do not forget to optimize the parameters.

Input parameters

  • Magic - unique identifier (use different magic numbers if multiple Expert Advisors run in your terminal).
  • TakeProfit - take profit in points.
  • MaxStopLoss - maximum possible stop loss (in points).
  • PeriodDynamicStop - dynamic stop loss calculation period (if 0, the maximum stop loss is used).
  • DynamicStopFactor - dynamic stop loss calculation multiplier.
  • MaxCountBuyOrders - the maximum number of buy deals opened at a time (recommended 1-3).
  • MaxCountSellOrders - the maximum number of sell deals opened at a time (recommended 1-3).
  • CountBarsBetweenTrades - the minimum number of bars required to open an additional deal (recommended from 5 to 20).
  • TradeEveryTick - trade each new tick (slows down optimization, but may improve profit in real trading).
  • BollingerPeriod - Bollinger bands period.
  • BollingerDeviations - Bollinger bands deviations.
  • Bollinger2Enable - enable/disable the second Bollinger bands indicator.
  • Bollinger2Period - second Bollinger bands indicator period.
  • Bollinger2Deviations - second Bollinger bands indicator deviations (this parameter value should be less than the first indicator deviations and may even become negative).
  • MoreTransactions - allow the EA to react to weak signals and to open more trades.
  • PeriodWPR - WPR (Williams' Percent Range) period.
  • LevelsWPR - WPR levels (1-50, automatically converted to lower and upper levels).
  • PeriodWPR2 - second WPR period (0 - second WPR is not used).
  • EnableAutoClose - enable automated closing of trades.
  • PeriodForClose - WPR period to close trades.
  • LevelsForClose - levels to close trades.
  • AdxPeriod - ADX indicator period.
  • MinAdxLevel - ADX indicator minimum level.
  • MaxAdxLevel - ADX indicator maximum level.
  • ShowInfo - enable the display of information.
Avis 4
etan aliou
82
etan aliou 2018.05.01 10:16 
 

thanks for this robot

Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.01 15:26 
 

Good job.

philippe germain
2758
philippe germain 2020.02.10 19:58 
 

Testing.

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Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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Alexander Nikolaev
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Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. It works on any currency pair. Parameters HistoryBars - the number of bars to determine the near volume levels; Range - the maximum distance above and below the current price t
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Alexander Nikolaev
Some experienced trades can tell where the price will go even without indicators, as the direction of the price can be found using the ordinary candlesticks. The EA compares several nearest bars and their volumes, and opens a trade based on that data. Also, it is able to analyze the candles on two timeframes at the same time to make the entry more accurate and less risky. In addition, the EA can automatically determine the take profit and stop loss size depending on the size of the previous cand
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Alexander Nikolaev
Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi
It is good to know the presence of a trend on multiple timeframes at once. And even better - on multiple currency pairs at once. This indicator allows to quickly determine the presence of a trend or a flat on 8 timeframes and from 1 to 15 currency pairs at once. Multi Alligator Signals analyzes the signals of the Alligator indicator by Bill Williams on every timeframe (from M1 to W1) and multiple currency pairs (up to 15) simultaneously. If there is a buy signal, a green upward arrow is drawn, i
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Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.01 15:26 
 

Good job.

philippe germain
2758
philippe germain 2020.02.10 19:58 
 

Testing.

Matthew Todorovski
12938
Matthew Todorovski 2018.05.10 14:14 
 

L'utilisateur n'a laissé aucun commentaire sur la note

etan aliou
82
etan aliou 2018.05.01 10:16 
 

thanks for this robot

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Version 1.1 2021.10.11
recompilation in a new terminal