This Expert Advisor is based on Bollinger Bands. It uses trend-following strategy (DEMA) and Bollinger Bands ® indicator.
It shows a stable profit in Strategy Tester during last 17 years (EURUSD M30).
- Open long position: DEМА is growing up and white (bull) candle crossed the Lower Bollinger Band from below to above.
- Open short position: DEМА is falling down and black (bear) candle crossed the Upper Bollinger Band from above to below.
- Close long position: Black candle crossed the Upper Bollinger Band from above to below.
- Close short position: White (bull) candle crossed the Lower Bollinger Band from below to above.
- bands_period – Bollinger Bands period;
- dema_period- DEMA period;
- bands_shift- Bands shift;
- deviation- Standard deviation;
- Lot – Trade volume (in lots).
Recommendations:
Use this Expert Advisor as a base of your own strategy only.
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