Protrading Signals

Stochastic Oscillato

Stochastic Oscillator

$500.00

About
The Chaos Trading (System) EA is based on the Chaos Trading System by Bill Williams. It uses the indicators Alligator, Fractals, Awesome oscillator (iAO) and the Accelerator/Decelerator oscillator (iAC)
Description

About the Bollinger Bands

The Bollinger Bands indicator, created by John Bollinger in the 1980s, comprises a Moving Average, an Upper Band, and a Lower Band. It is integrated into both Metatrader 4 and 5 platforms. The default settings for the Bollinger Bands are a period of 20 and a deviation of 2.

Trade logic of this forex robot

The Bollinger Bands EA is a forex robot that utilizes Bollinger Bands for trade entry. It incorporates two distinct entry strategies.
  • BreakOut Strategy: If the closing price of the last bar is above the upper band, the EA initiates a Sell Order. Conversely, if the closing price of the last bar is below the lower band, a Buy Order is executed.
  • BreakIn Strategy: The EA executes a Sell Order if the closing price of the last bar crosses the upper band from above. Conversely, if the closing price of the last bar crosses the lower band from below, a Buy Order is generated.

Exit strategies (only MT4 Advanced and MT4 Pro)

The Bollinger Bands EA has 2 different exit strategies.
  • Close on Middle Band Strategy: The trade will be concluded if there is a crossover with the middle Bollinger Band.
  • Close on Opposite Band Strategy: The trade will be terminated if a candle closes below the lower band (for a buy trade) or above the upper band (for a sell trade).

Parameters for the Bollinger Bands EA

  • Timeframe: The designated timeframe on which the EA operates independently, irrespective of the timeframe set on your chart.
  • Averaging Period: The specified period for calculating the main line, with the default setting at 20.
  • Standard Deviation: The deviation from the main line, with the default setting at 2.
  • Bands Shift: The indicator shift in relation to the chart, with the default setting at 0.
  • Applied Price: The price values upon which calculations will be performed.
Delivery Methods and Timing

Please note that as soon as your payment is successful, you will receive an email with the link of your product to download. The same link will appear on your screen once the payment procedure is completed.

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