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Highly adaptable Bollinger Band Strategy

Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=64536
Forum: 38 · Topic 64536 · 13 post(s)

Highly adaptable Bollinger Band Strategy

Apprentice · Wed Mar 22, 2017 5:22 pm

Description:

This expert advisor will trade according to Price crossing the Bollinger Bands Lines.

For each possible crossing:

Top Line Cross Over
Top Line Cross Under
Center Line Cross Over
Center Line Cross Under
Bottom Line Cross Over
Bottom Line Cross Under

The following actions can be selected:

No action
Buy
Sell
Close Buy Positions
Close Sell Positions
Close All Positions
Alert

The crossings are compared with the current price and either the Close of the previous bar or checking if any part of the previous bar was at the other side of the crossing (High/Low). So this is an option the trader can choose from.

For a consolidated market the actions which make sense would be:

Top Line Cross Over: Close Buy Positions
Top Line Cross Under: Sell
Center Line Cross Over: No Action
Center Line Cross Under: No Action
Bottom Line Cross Over: Buy
Bottom Line Cross Under: Close Sell Positions

For a trending market the actions which make sense would be:

Top Line Cross Over: Buy
Top Line Cross Under: No Action
Center Line Cross Over: No Action or Close Sell Positions
Center Line Cross Under: No Action or Close Buy Positions
Bottom Line Cross Over: No Action
Bottom Line Cross Under: Sell

EA Features:

Activate/Deactivate Expert Advisor
Trader can set Take Profit, Stop Loss, Trailing Stop Loss (with Step) and Slippage in pips
The TSL is activated when the trade is in profit
Trader can set the maximum number of opened orders
Trader can set the risk per trade to be calculated automatically or manual lots
Trader can set the maximum risk of opened orders (a trade in profit liberates its risk for incoming orders)
Optional Email and Sound Alerts for Orders

Highly_Adaptable_Bollinger_Band_EA.mq4

Re: Highly adaptable Bollinger Band Strategy

NuftyEas · Mon Sep 25, 2017 7:45 am

Just a quick thankyou for the code

I downloaded it from somewhere off the net, and am glad it still had the owners details in the header as I could come here and say thanks

Appreciate the effort from the author

Nufty

Re: Highly adaptable Bollinger Band Strategy

Apprentice · Mon Sep 25, 2017 3:56 pm

You’re welcome.

Re: Highly adaptable Bollinger Band Strategy

easetup · Sun May 20, 2018 7:37 am

A great work, could it be possible to add a trading hour like start 00:00 Stop: 00:00? It would be very much appreciated!

Re: Highly adaptable Bollinger Band Strategy

Apprentice · Thu May 24, 2018 4:25 am

Your request is added to the development list under Id Number 4151

Re: Highly adaptable Bollinger Band Strategy

Apprentice · Thu Jun 14, 2018 7:40 am

Try this version.

Re: Highly adaptable Bollinger Band Strategy

Sufiki · Thu Mar 04, 2021 10:01 am

Apprentice wrote: Try this version.

is it possible to add more prce order type such as

buy limit
sell limit
buy stop
sellstop
and also add price combination, for example buy + sell limit, or sell + buy stop, or other combination

Setup in limit = Current price + X Point (X defined by user). Stoploss and Takeprofit follow existing rule.

Thanks mario

Re: Highly adaptable Bollinger Band Strategy

Sufiki · Thu Mar 04, 2021 10:20 am

is it possible to modify this ea?

Re: Highly adaptable Bollinger Band Strategy

Apprentice · Thu Mar 04, 2021 12:17 pm

Your request is added to the development list. Development reference 250.

Re: Highly adaptable Bollinger Band Strategy

Sufiki · Thu Mar 04, 2021 2:07 pm

Apprentice wrote: Your request is added to the development list. Development reference 250.

one thing i forgot to write above, please also delete or modify price to current price + X pip. This is only if any new candle close outside line.

thanks mr

Re: Highly adaptable Bollinger Band Strategy

fortesan9 · Tue May 04, 2021 2:38 pm

Can this strategy be done on lua ?

Re: Highly adaptable Bollinger Band Strategy

Apprentice · Tue May 04, 2021 3:46 pm

Highly Adaptable Bollinger Band Strategy.lua is written in lua.

Re: Highly adaptable Bollinger Band Strategy

Apprentice · Thu May 27, 2021 4:34 am

Highly_Adaptable_Bollinger_Band_EA.mq4

Try this version.

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