CURRENCY TREND EXPERT ADVISOR
May 20, 2021
This EA will use the following indicators:
Laguerre Indicator (Red Color) on LTF (Trading Chart)
Middle line Bollinger Band as a Confirmation on Higher Time Frame
Bollinger Band on trading chart
Logic: EA will trade over bough and over sold Laguerre (above 0.85 for short trade and below 0.15 for long trade) on trading chart while following the trend on Higher Time frame using Bollinger Band. The logic is trading retracement on LTF using Laguerre.
Long Trade
· Laguerre RSI crosses below 0.15
· Price trailing below line of Bollinger Band
· Enter long trade when price closes above the line of Bollinger Band.
Confirmation
· On Higher Time Frame, current bar MUST BE above middle line of Bollinger Band -
· Close Trade: Take profit, Stop Loss, Trailing Stop etc.
· Bollinger Band Auto close: T/F. When prices closes below the lower line of Bollinger Band
· All conditions above are for ONE entry ONLY. EA becomes inactive when trade is closed. EA is taken off the chart.
Higher Time Frame is a variable: Weekly, Daily, 4hr, 1hr
Short Trade
· Laguerre RSI crosses above 0.85
· Price trailing above middle line of Bollinger Band
· Enter short trade when price closes below the middle MA of Bollinger Band
Confirmation
· On Higher Time Frame, current bar MUST BE below the middle line of Bollinger Band.
· Close Trade: Take profit, Stop Loss
· Bollinger Band Auto close: T/F. When prices closes above the middle line of Bollinger Band
· All conditions above are for ONE entry ONLY. EA becomes inactive when trade is closed. EA is taken of the chart.
Higher Time Frame is a variable
VARIABLES.
• Trading Time Start
• Trading Time Stop
• Laguerre Level on Trading Chart : Above 0.85 Below 0.15
• Higher Time Frame: Current, M30, 1HR, 4HR, Daily Weekly.
• Bollinger Band Auto close: True/False
• Open Lot
• Use Auto Lot
• Take profit in pips
• Stop loss in pips :
• Live Trade: T/F: For the purpose of testing prior to using on Live Account When set to T, live trade is executed ,When set to F, arrow will show on chart
• Auto Close Bollinger Band : T/F
• Risk Ratio
• Use Break Even Point : True/False
• Break Even E Point
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