This strategy performs under the principle that when a price deviates significantly from the average (either breaking above the upper Bollinger Band or dipping below the lower one), it often returns to the mean. By executing trades with calculated risk management, this approach leverages volatility to capture potential gains. The Martingale component further enhances profitability by ensuring a winning trade result in an overall positive outcome.
Input
1. BB - Bollinger Band input (By default parameter)
2. Standard Deviation - Bollinger Band input (By default parameter)
3. Initial Lot size
The `lot` parameter determines the initial lot size for opening new orders. In the provided code, it's set to 0.02, which means the EA will start with a lot size of 0.02 when placing new orders.
4. Slippage
Difference while executing the trade.
5. Take profits in points
The TP parameter sets the take-profit level in pips for new orders. For example, if `TP` is set to 40, the EA will set the take-profit level for new buy orders 40 pips above the entry price and for sell orders 40 pips below the entry price.
6. Lot MM – Lot Multiplier
The Lot MM` parameter is a multiplier applied to the lot size for certain conditions (e.g., Martingale). In the code, if Martingale conditions are met, the lot size for the next order will be calculated as `lot * Lot MM`
7. Difference
The Level Difference parameter is used in determining conditions for opening additional orders. For example, if the difference between the current market price and the opening price of the earliest buy order is greater than `Level Difference pip size, it may trigger the opening of a new buy order.
8. Magic Number (By default parameter)
9. EMA (By default parameter)
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