If you're looking to enhance your trading game, the BB Swing EA is definitely worth checking out. This nifty little expert advisor employs the popular Bollinger Bands indicator and a swing trading strategy, making it ideal for trading major forex pairs and NASDAQ stocks. It works best on the 1-hour and 4-hour time frames, giving you a solid chance to catch those market moves.
Key Features
- Always start with a demo account to get a feel for it.
- This EA trades based solely on the opening price of each candle!
- If you prefer not to increase lot sizes during losing trades, simply set IncreaseFactor=0.
Custom Inputs
Here are some key inputs you can tweak to suit your trading style:
- Use_TP_In_Money: Enable Take Profit in Money (true/false).
- TP_In_Money: Set Take Profit in Money (values: 10-100).
- Use_TP_In_percent: Enable Take Profit in Percent (true/false).
- TP_In_Percent: Set Take Profit in Percent (values: 10-100).
- Enable_Trailing: Activate trailing stop (true/false).
- Take Profit In Money: Set your target in current currency (values: 25-200).
- Stop Loss In Money: Define your stop loss (values: 1-20).
- Exit: Close trades if the trend turns against you (true/false).
- Lots: Choose your lot size (values: 0.01-1).
- Stop_Loss: Set your stop loss (values: 30-500).
- MagicNumber: Specify a unique identifier for your trades (values: 1-100000).
- FastMA: Set the fast moving average (values: 1-20).
- SlowMA: Set the slow moving average (values: 50-200).
Tips for Success
Here are a few tips to get the most out of your BB Swing EA:
- Regularly optimize your EA every few months, using the same inputs for consistency.
- You can use this EA for both hedging strategies and single trades.
Backtesting Your Strategy
Want to know how to backtest your strategy? Check out this link for a step-by-step guide.
Here’s a snapshot of what the BB Swing EA looks like in action:
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