MAGIC Bollinger Basket
Tired of loosing?
Here comes the solution.
An EASY to use like the ABC fully automated EA.
The MAGIC Bollinger Basket EA is a fully automated Expert Advisor with the use of a martingale system as an option.
The Bollinger Band and the RSI indicator are used for entries.
The advantage of a Basket Trader, is the function to calculate for all open trades of the same symbol and the same direction a break even point.
From there the defined TakeProfit will start. It is like trading 1-2-3-4-5, you name it, open Positions as one single Position.
The potential of a Basket Trader is enormous.
Example: long, TP 25 pips
EURUSD first trade at 1.125 => TP at 1.1275 trade is going in the wrong direction, but don't worry.
EURUSD second trade at 1.12,
here the basket function starts working and calculate for both trades the following:
Break even 1.1225 => TP at 1.125
This is an EA which you set up and forget about. Let the robot do its job.
General Recommendations
Default settings recommend for EURUSD M15 .
Input parameters
The product works all Forex pairs. Specify values in pips and it will automatically recalculate everything nevertheless what digit broker you are using.
You can use 3 risk levels:
1) A for Aggressive Trading Mode which includes the Mrtingale Function (the multipli will be defined by you)
2) B for Balanced Trading Mode. The Position size quals the open position number. Trade 1 you start with 0.01 lot, means that Position 2 will have the size of 0.02 lot
3) C for the Conservative Trading Mode. You will define a Position size which will not change. All Poitions will open with the defined size.
Money Management:
you can choose between Trading Modes A, B or C.
- A_Aggressive Mode, B_Balance Mode, C_Conservative mode
- Stopploss the standard is set to 250, to allow the Basket Trader to do his work
- Takeprofit the standard is se to 25
- Calculator for Martingale the standard is set to 25 % Trail. This results in a Multiplier for the next Martingale position of 3.
- Number of Max allowed trades at the same time . Standard set on 5
Bollinger Band setting:
you can choose and change the Bollinger Band Period and Deviaton. Standard is set to 20 and 2.
RSI setting:
You can choose and change the RSI Period, the High and Low Level. Standard is set to Period = 14; High = 85 and Low = 15. These settings showed the best result in EURUSD M15.
Extras:
- Show comment the standard is set to true. You should deactivate it when runnig the tester. In the live version it is quite usefule as it is showing:
- Total open buy order
- Total open buy lots
- Break Even of buys
- Total open sell orders
- Total open buy lots
- Break Even of sells
- Account balance
- Number of Max allowed trades
