BandWalk Getter

Introduction of " BandWalk Getter" EA

1. Outline

 

After confirming the bandwalk of the Bollinger Bands, the EA will take profits when the Bollinger Bands contract once they have expanded ( see below). Expert Adviser ).

 

2 . Characteristics

Since the EA is set up on relatively long-term legs such as daily and 4-hour legs, it is a rather relaxed trading style. However, in addition to being able to catch a good number of PIPS at a fair price range, you will be able to trade very easily and happily psychologically because you will keep your position with a lot of unrealized profit.

 

　This is a feature that scalping and 5-minute trades cannot do, and it gives you a sense of the advantages of long-term leg trading. Once you experience this feeling, you will never want to go back to short-term trading.

 

　This EA produces the best results when set up on the 4-hour leg of the GBPUSD. Since the logic is to catch the return from the Bollinger Band walk, it is suitable for a currency pair ( GBPUSD) where the trend continues to some extent and the band width of the Bollinger Band tends to widen significantly.

3. Logic

 

　There will be no nanpinning or martinning. However, since split settlements are performed, the first 4 positions will be opened. If the lot number is set to 0.01, the maximum number of lots held will be 0.04.

 

　First, we wait for a Bollinger Band walk. In the case of an uptrend, we count the last 15 candles whose closing price is above the +1σ of the Bollinger Band. When the count reaches 10 or more, the bandwalk is considered to have been established.

 

　Then, when the Bollinger Band contracts and the closing price breaks below the +1σ line, four sell entries are made. However, if the price has already broken below the middle line of the Bollinger Band due to the appearance of a large negative line, two sell entries will be made.

 

<Settlement

 

　If the rate breaks below the middle line of the Bollinger Band, close the two bars. The stop-loss line is set at the open price.

 

When the rate reaches the -1σ line of the Bollinger Band, close one. The stop-loss line is set at the middle line of the Bollinger Band.

When the rate reaches the -2 sigma line of the Bollinger Band, all transactions are closed.

 

<Losses

 

When the rate exceeds the +1σ of the Bollinger band at the close, the entire loss is closed.

In the case of a buy entry, the above is reversed.

4. Parameter Default Value

Item Setting value

 

KAI true

 

URI true

 

GBPUSD true

 

BB_P1 21

 

BB_SIGMA1 1.00

 

BB_SIGMA2 2.00

 

BB_CNT_TH 10

 

BB_CNT_BS 15

 

Lots 0.01

 

Auto_Lots true

 

Maintenance rate % 500

 

Allowable loss % 5

 

SL BackStep 9

 

Slippage 3

 

Send Mail false

 

MAGICNUMBER 211114000

 

FontSize 11

 

corner 0

 

CLBP Gold

 

CLBM Aqua

 

CLSP Gold

 

CLSM OrangeRed

 

CLNON Lime

 

CLOFF Gray

 

CLTG Lime

5 . Parameter Description

KAI false the buy operation will not be performed.

 

URI false the selling operation will not be performed.

 

GBPUSD true to optimize the parameters for GBPUSD. If the currency pair is GBPUSD and not on a 4-hour chart, the EA will stop.

 

false If you want to apply it to currency pairs other than GBPUSD, please set it to "false ".

 

BB_P1 Bollinger Band Period Setting

 

BB_SIGMA1 The ±1σ line of Bollinger Bands

 

BB_SIGMA2 Bollinger Band ±2σ line

 

BB_CNT_TH BandWalk Threshold to determine that

 

BB_CNT_BS BandWalk Number of candlesticks to count

 

Lots Fixed lot size

 

Auto_Lots true Auto_Lots is enabled with "true", fixed lots with " false

 

Maintenance Percentage Percentage Estimated Lower Limit of Maintenance Percentage for a Position Held

 

Allowable loss % Loss percentage to automatically calculate the number of lots

(Even if you are willing to take the risk, we recommend no more than 20% )

SL BackStep Number of candlesticks used in automatic lot calculation

 

Slippage Slippage

 

SendMail Send mail or not

 

MAGICNUMBER Use this number through number +3.

By default, use 211114000 to 211114003

FontSize Display font size

 

corner Information display position

 

CLBP Buy Color of unrealized profit at

 

CLBM Buy Color in case of unrealized loss at

 

CLSP Sell Color in case of unrealized profit in

 

CLSM Sell Color in case of unrealized loss in

 

CLNON Color for no position

 

CLOFF false The color when the specified CLOFF does not work.

 

CLTG 3 Color of the line of the TG of the line

6. Execution screen (Part 1)

Below is a daily chart of the GBPCAD.

 

We are trying to get back from a big intraday decline.

Currently, we are holding Buy Position 1 with Lots=0.1 and unrealized profit is at Δ11,915. If the price continues to rise and reaches the +2σ of the Bollinger band, we will take profit.

<Explanation of screen display

 

Buy [1]. The number of buy positions is 1.

 

=11915 Unrealized profit/loss. Losses are shown in light blue and gains in gold.

Avg=1.68706 Average buy price.

(lots=0.10) Total number of lots.

 

St=3 Indicates that the stage is 3.

 

n=11 The number of bandwalk counts.

 

TG= (%) Accumulated profit/loss

 

MAX_DD Maximum drawdown amount

 

G=(%) P&L of current positions as a percentage of net assets

 

[Auto]0.01 Lot Calculation Method and Lot Count Display

 

□Forced Entry NO □

Forced entry button, click to execute

 

Forced Exit □ Forced Exit button

*About the stage ( St= )

0: No position

 

1: Number of position holdings 4 ( The first 4 positions are opened.)

2: Number of positions held: 2 (2 positions will be closed at the middle line touch)

 

3: Number of positions held: 1 (One position is closed when the ±1σ line is touched.)

 

7 . Execution screen (Part 2)

 

EURUSD The following is a screen shot of the EA running on the daily chart of EURUSD. In the parameter settings, GBPUSD=false, so the other parameters use the default settings ( 1σ=1.00, 2σ=2.00, % of allowed loss=5...etc. ).

 

On the daily chart, a Bollinger Band walk occurred (count 12), and the rate has also crossed above the -1σ of the Bollinger Band, so the EA automatically ( Auto_Lots designation ) bought 3lots of 0.06. (The above chart is the development version, so there are 3 lots. (The above figure is the version under development, so it is 3 lots, but with this EA, it will be 4 lots.) The total lot size is 0.18 lots. It is currently in Stage 1. The unrealized profit is already 14,728 yen, but it has not yet reached the middle line of the Bollinger Band, so we will hold the position as is.　You can also click " Forced Exit " with the mouse to immediately take profit.

7.

8 . Forced entry and forced close functions

＜Forced entry function

 

In the case of a buy entry, the entry condition is "when a bandwalk is in place and the candle closes above the -1σ of the Bollinger Band.

 

MT4 When you start MT4, the entry condition may be satisfied on the previous day, but not on the same day. In this case, you will have to wait for days for the next entry, so we have added a forced entry function.

 

In the case of a buy entry, the click is valid only if the rate is between the middle line of the Bollinger Band and the -1σ.

 

In the case of a sell entry, the click is valid only when the rate is between the middle line of the Bollinger Band and +1σ.

 

The click is disabled while the position is held.

Display string &nbsp Display color Function

 

Forced Entry NO □ □ Gray Click Invalid