Bollinger Channel – Bollinger Trading Machine

2018-02-24

A robot is designed for trading on a real account. The robot trades inside a channel formed by Bollinger bands. Trades are only opened with trend, near the border line of the channel. Take Profit is set at the opposite side of the channel. Deals are always by stop losses.

The robot calculates the channel formed by Bollinger bands. Market entries will be made near the channel borders if there is a sufficient gradient. Profit is fixed on the opposite side of the channel. Since the deals are only opened in the trend direction, the EA tries to close the majority of deals with profit. Losing positions are averaged using additional deals, which are calculated so that their aggregate sum could also be closed with profit. As the deposit grows, the money management is applied to increase the volume of trades to match returns and risk with available funds.

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