Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
The BBRSI ATR Gold Pro uses Bollinger Bands + RSI to detect market bottoms from volatility and divergences. Then it uses the ATR with the riskSizeBase input to calculate the optimal entry size given the desired max loss and recent volatility. It only opens BUY orders.
This acts as a dynamic SL optimized by the internal counters responding to the input parameters p, ca, cb & mb.
The overall strategy is based almost fully on divergences and volatility analysis.
Parameters/Inputs:
riskSizeBase acts as a “desired max loss” in the sense that the EA will adjust entry size to this parameter, given recent volality. Trade losses can exceed this value sometimes due to calculations, but the average trade loss will be very close to riskSizeBase
p is a proximity parameter, lower values make the EA more strict on exit, higher values make it more permissive on trade closes. (Effective range 0.01-0.15)
ca & cb are internal counters, used for signal detection and signal confirmation, the effective range for this parameters tested the best for 1-15.
mb is an internal counter, used for signal rejection given historical data for the last (mb) bars. Lower values make the strategy more strict on opening trades, higher values make the EA more permissive on opening trades.
Recommended Setup:
-Deposit >= $1,000
-Leverage >= 1:100
-Broker: Any
-Account Type: Any, preferred low delay VPS (MQL5 VPS)
-Symbol: XAUUSD, but can perform well on ANY symbol, give it a try ;) !
You simply have to download the demo and test it on your favorite symbol and you will be instantly satisfied with the optimization results and the backtester reports.
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Extra Features:
You can also customize the trading schedule the EA will be using, simply use the Trading Days input group for the Days (true or false) and Trading Hours input group for the hours (format must be HH:MM-HH:MM) you want the EA to be active.
It will automatically retrieve the server timezone from your trade server so you have to make sure you got the server time typed correctly on the inputs.
