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Master Bollinger MT5

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This Expert Advisor trades on the signal of the Bollinger Bands indicators: it buys at the lower levels when the price rebounds, and
sells at the upper levels. It has the ability to close positions on the reverse signal, take profit or stop loss. Many traders use the
Bollinger Bands indicator, and some use several Bollinger indicators on the same chart at once. In this Expert Advisor, you can
use up to 3 such indicators. When using the first and second indicators, the transaction will be carried out between the lines of these
indicators. The 3rd Bollinger Indicator is used to receive signals from another timeframe (if the timeframe is current, the 3rd
indicator is not used). In addition, to filter strong trend movements, it is possible to use several
moving average lines, so that transactions can be made only according to the trend. Enabling this option can significantly reduce the number of transactions,
but also increase their profitability. The Expert Advisor has a volatility filter based on the ADX indicator and the ability to select hours for trading. It does not
use risky trading methods, and can trade on most currency pairs and timeframes.

  • Lots – lot size (fixed if Percent = 0);
  • Percent – the percentage of funds for calculating the lot, the lot size will depend on the amount of funds in the account (0-100, 0 – not more than
    use);
  • MaxSpread – the maximum spread for opening a trade (for accounts with a floating spread, so that the trade is opened when the spread is
    not too big);
  • Slippage – slippage (the maximum allowable deviation of the price in points);
  • StopLoss-stop loss (for 5-digit accounts, 10 will be equal to 100, you need to specify it as for 4-digit accounts);
  • TakeProfit-take profit (for 5-digit accounts, 10 will be equal to 100, you need to specify it as for 4-digit accounts);
  • Magic-a unique identifier (you need to make it different if several Expert Advisors are running in the same terminal);
  • OnlyOneDealOpen – only one trade can be opened at a time by this Expert Advisor;
  • OpenOrdersDelayBars-the delay between the opening of the next trade (the number of bars of the current timeframe, which should be
    go before the opening of the new deal);
  • CloseDealsBeforeOpen-close previous open trades before opening a new one (in the opposite direction);
  • BollingerPeriod – period of the Bollinger bands indicator;
  • BollingerDeviations-deviations of the Bollinger bands indicator;
  • Bollinger2Period – period of the second Bollinger bands indicator (0 – do not use the second indicator);
  • Bollinger2Deviations-deviations of the second Bollinger bands indicator (this parameter should be less than deviations
    the first indicator and can even be negative);
  • Bollinger3Timeframe – timeframe of the third Bollinger bands indicator (if you select the current timeframe, the 3rd one
    the indicator is not used);
  • Bollinger3Period – period of the third Bollinger bands indicator;
  • Bollinger3Deviations-deviations of the third Bollinger bands indicator;
  • StrongBollinger3Signal – is it necessary to have signals of the 3rd indicator to open a trade;
  • MAFilterPeriod – the initial period of the Moving average indicators (if this value is 0, then this filter is not used);
  • MAFilterCount – the number of Moving average indicators;
  • MAFilterIncrease-increasing the period of each Moving average indicator;
  • MAFilterMinNumSignals – the minimum number of signals from indicators like Moving averages;
  • FilterADXPeriod – the period of the ADX indicator for filtering volatility;
  • MinAdxLevel – the minimum level of the ADX indicator;
  • MaxAdxLevel – the maximum level of the ADX indicator;
  • Trading start hour – trading start hour (0-23);
  • Trading end hour – trading end hour (1-24);
  • FastOptimizationParameter-parameter for fast optimization (0-10), in real trading it is better to use 0 or 1;
  • DealsCommentary-comment on opened deals;
  • OrdersFilling-changing the order execution method (some brokers may not support all methods);
  • ShowInfo – show information.

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