Trading Robots for MetaTrader 5

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MetaTrader 5

MT5 Experts MT5 Indicators MT5 Libraries MT5 Utilities

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Information

Experts
MetaTrader 5
Felipe Lisboa
1.41
5

Overview

Basic description

Expert Advisor with bollinger bands strategy in the whitebox model, configurable for multi-currency.


Available parameterization:

  • Stop loss and take profit
  • Timeframe

Strategy description:

The EA waits for the candlestick of the upper band to break to validate the entry of the operation, and thus carry out the buy operation. For the buy operation, the EA waits for the breakout of the lower band to validate the entry


The current version has output defined using a risk x return ratio for input validation. For the next versions, the risk manager will be added to limit the number of daily losses, breakeaven and trailing stop. With this the EA value can be changed


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