Sensor EA MT5

Description :

Sensor EA MT5 is an advanced Expert advisor for MetaTrader 5, built using the usual signals provided by Bollinger Bands Technical Indicator.

The Expert Advisor places a buy order, When price crosses above the lower band, and a sell order when price crosses below the upper band.

The Expert Advisor uses a Stop Loss and a Take profit.

The Expert Advisor settings are as follows :

( The parameters below can be set according to your trading rules. )

• StopLoss ( Stop Loss in pips)
• TakeProfit ( Take Profit in pips )
• Magic number : ( set to 121261, is the  EA identifier. When running multiple instances of the same EA on one currency pair, this value should be changed for each instance )
• TradeSize
• MaxSpread
• MaxSlippage : (set to 3, will be adjusted by the EA)
• MaxOpenTrades
• Hedging mode

Some clarification to remember :

For 5-digit brokers : 1 Point=0.00001 and 1 Pip=0.0001 => 10 Points=1 Pip

For 4-digit brokers : 1 Point=0.0001 and 1 Pip=0.0001 => 1Points=1Pip

If your account type is Netting then set Hedging mode to false.