Thread: Stupid Simple BB EA

Hi all technician heads here at FF
trying to find a sharp programmer to make a trading EA from this thought. .
Complete thread . Permission granted by OP thanx hippydog. . Https://www.forexsoutheast.asia/cryp...drelative.html
--In his own wordsWhat you will need is just two Bollinger's.

Establish the one Bollinger to 100/2
Put another Bollinger to 100/3

Using 4 hour look for price to hit (not close) the outer Bollinger 100/3 and CLOSE back inside inner Bollinger 100/2 heading straight toward the mid line.

This is the first entry point.

Below that entry enter orders every 20 pips for a 20 pip take profit no stop loss.

Example

Entry trade 1 @ 1.6000 100 pip tp

Order 1 @ 1.40 20 pip tp
Order 2 @ 1.38 20 pip tp
Order 3 @ 1.36 20 pip tp
Order 4 @ 1.34 20 pip tp

And so on etc

Clearly this way is not without drawdown hence start with the minimal account size feasible for you and shut any stragglers when profit target is hit.

Should first trade take of well and strikes mid line before reaching 100 pips shut anyhow.

Discipline is key close all trades whenever net equity show 100 pip profit for that trade dimension. end Quote. .

1)we need to guarantee the market isn't ranging,I submit a CMI choppy market index indi. . .take trade only above 40 or you may have your own to incorporate.
Two ) we should have a equity prevent loss as a% of account,user described would be cool! 15% 20% 30% 40%

any takers ?
https://www.forexsoutheast.asia/atta...5550172359.mq4

Bumped

I wish I could code and create this.... Sounds simple and interesting to me personally hopefully somebody will come along that will want to Thank you for sharing the idea.

CMI . .choppy market index. . pic