Bolivan EA

Bolivan EA is a multi-logic EA that uses Bollinger Bands and moving averages for forward and Bollinger Bands and RSI for reverse.

Patterns of Entry in Sequential Mode

Patterns of entry in reverse mode

EA Description.

The time period for forward trades is from the afternoon of Tokyo time until the end of European time. (7:00 to 17:59 server time) Only when there is no position during the time period other than the above, the mode switches to the contrarian trade mode. In the forward trade mode, entry is made in the forward direction when the Bollinger Band sigma is touched. The internal process is to calculate the standard deviation ±2 sigma for 20 one-hour legs to buy or sell. Settlement is made when the closing price of the candlestick touches the moving average (SMA for 20 one-hour legs). In the contrarian mode, trading is performed in the opposite direction to the forward mode. Specifically, a short entry is made when the candlestick closes above the Bollinger Band 2 sigma (2 sigma), the RSI value is above 70, and the candlestick is falling (in shadow). Long entry is the opposite of short entry, and is made when the candlestick closes below the -2 sigma (minus 2 sigma) of the Bollinger Band, the RSI is below 30, and the candlestick is rising (a positive line). When there is a position, no new entry is made in reverse mode. Entry is made in the reverse direction between 18:00 and 6:59 server time when there are no positions in the market. Newly entered positions in reverse mode will be closed in forward mode from 7:00 server time. Therefore, 90% of new entries are made in the forward mode.

The Bollinger Bands can be set from 1 to 3 sigma. Bollinger band sigma can be set from 1 to 3. The number of trades is about 300 per year. The number of trades is about 300 per year. The EA works with 15-minute and 5-minute charts. Can be used with other EAs at the same time. Please set the magic number so that it does not overlap with other EAs. Setting items

The number of trades increases when the sigma (σ) of the Bollinger Band is set from 2 to 1. The value of RSI is fixed. The day and time to trade can be changed in the property settings. The default settings are set with a stop of 400 pips and a limit of 300 pips. (Can be changed) To avoid weekend risk, set WeekendClose setting to "true".

■About Manual Mode By setting "ManualMode" to "true" in the property settings, automatic trading will not be performed. Please use this option when you want to stop automated trading without stopping MT4. ■Trading time zone

Trade in forward mode from 7:00 to 17:59 server time.

Japan time (winter) 14:00 - 24:59 Japan time (summer) 13:00 - 23:59 Japan time (winter) 14:00 - 24:59 Japan time (summer) 13:00 - 23:59 Japan time (winter) 13:00 - 23:59 Japan time (summer) 13:00 - 23:59 Japan time (winter) 13:00 - 23:59 Please use GMT+2(winter)/+3(summer) server for this EA to monitor the time.

■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ Property Settings (Japanese) ■ ■ ■ ■ ■ ■ ■ ■Magic = 49202;// Magic number for EA identification Lots = 0.1;// Number of lots 1.0=100,000 currency 0.1=10,000 currency 0.01=1,000 currency StopLossRequest = 4.0;// Stop Order 0.5=50pips 1.0=100pips 10=1000pips TakeProfitRequest = 3.0;// Limit Order 0.5=50pips 1.0=100pips 10=1000pips Slippage = 1;// Allowed Slip MaxSpread = 100;// Allowable Spread Enter the difference between Bid and Ask values e.g. 30 => 3 pips Deviation = 2;// ± sigma (sigma) of Bollinger Band (range 1-3) MaxError = 50;// Maximum number of consecutive orders (range 30-300) ManualMode = false; // Manual ManualMode = false; // set to manual mode true set to automatic mode false Monday = true; // new entry on Monday true not false Tuesday = true; // new entry on Tuesday true not false Wednesday = true; // new entry on Wednesday true not false true not false Thursday = true; // new entry on Thursday true not false Friday = true; // new entry on Friday true not false WeekendClose = false; // forced close on weekend force close on weekend true not false

OnlyLong = false;// enter new long onlytrue enter both long and shortfalse TrailingStop = false;// enable trailing stoptrue do notfalse CommentOnOff = true; // Display comments on chart screen true do not display false

English explanation ■□■■□■□■□■□■□■■Magic = 49202;// Magic number Lots = 0.1;// Position lot 1.0=100,000 0.1=10,000 0.01=1,000 StopLossRequest = 4.0;// StopLoss 0.5=50pips 1.0=100pips 10=1000pips TakeProfitRequest = 3.0;// TakeProfit 0.5=50pips 1.0=100pips 10=1000pips Slippage = 1;// Slippage MaxSpread = 100;// Max spread (30=3pips) Deviation = 2;// Bollinger Band Deviation (Min=1 Max=3) MaxError = 50;// Continuous order count limit (Min=30 Max=300) ManualMode = false;// No automatic trading = true | Automatic trading = false Monday = true;// Monday = true or false (GMT+2/+3) Tuesday = true;// Tuesday = true or false (GMT+2/+3) Wednesday = true;// Wednesday = true or false (GMT+2/+3) Thursday = true;// Thursday = true Thursday = true or false (GMT+2/+3) Friday = true;// Friday = true or false (GMT+2/+3) WeekendClose = false; // WeekendClose = true or false OnlyLong =false;// Long entry only = true | Long and short entry = false TrailingStop = false;// Enable Trailing Stop = true | do not = false CommentOnOff = true;//CommentOnOff = true or false

Version Upgrade History] Latest Version 1.01

1, Add weekend close setting (force close on weekend in property true not false)

If set to true, the position will be forcibly closed at midnight on Friday. 2、Addition of a limit to the number of new entries This EA implements an error avoidance function in the event of an infinite loop of new entries due to insufficient margin or other reasons. If the specified number of orders is exceeded in a short period of time, a protection function will be activated and no more new entries will be made. The number of times in the program is reset three times: 4:00 (10:00-11:00 Japan time), 11:00 (17:00-18:00 Japan time), and 18:00 (24:00-1:00 Japan time) server time. 3, Added a setting to prevent orders from being submitted when spreads widen. Allowable Spread Enter the difference between the Bid and Ask values e.g. 50 => 5 pips Default MaxSpread = 100 4、You can now select the time and day of the week for entry. 5、Manual mode is now supported. You can choose between manual mode and automatic trading mode. 6、Implementation of trailing stop mode A trail order has been added to automatically follow the stop order rate only when it moves in a favorable direction. This is an order method that allows you to efficiently lock in profits while controlling losses. The rate is checked every 15 minutes, and the stop order is moved when the rate moves by 50 pips or more. At this time, the limit order is also changed. 7、Implementation of a function to enter only in the long direction This mode is used for trades aiming for swap points. New entries will be made only in the long direction, and no short positions will be held.