Description
Smart Bollinger MTG EA_ex4: Dynamic Martingale Strategy with Bollinger Band and MACD
📈 What is Smart Bollinger MTG EA?
Thank you for reading this post, don't forget to subscribe!The Smart Bollinger MTG EA is an Expert Advisor (EA) developed using the Fxdreema tool and compiled into an EX4 file for use on the MetaTrader 4 platform. This EA utilizes a Dynamic Martingale system combined with Bollinger Band and MACD indicators to identify market reversal points. The strategy enhances order accuracy by applying an additional Pending Order filter to refine trade entries.
🔍 EA Structure
The structure of Smart Bollinger MTG EA consists of the following key components:
- Area 1: Uses Bollinger Band and MACD indicators to set conditions for Buy Pending Order / Sell Pending Order, focusing on market reversal points
- Area 2: Implements Bollinger Band Dynamic Martingale to filter signals and repeat orders based on predefined distances, using an automatic lot size increase (Autolot)
- Area 3: Manages Pending Orders using Custom MQL Code and automatically modifies variables (Modify Variables)
- Area 4: Monitors unrealized profits using Check Profit Unrealized and applies Custom MQL Code to close orders when the target profit is reached
- Area 5: Automatically closes all trades when the order count exceeds three, reducing the risk of excessive losses
🌟 Key Features of Smart Bollinger MTG EA
- Bollinger Band Dynamic Martingale System: Ensures safe order execution during low volatility periods
- Full Input Customization: Allows traders to adjust settings based on their investment strategies
- Risk Management System: Closes trades when the order count exceeds three, preventing significant losses
- Automatic Lot Sizing (Autolot): Calculates lot sizes based on capital, promoting effective risk management
💼 Technical Information
- Recommended Initial Capital: $1000 USD per 0.01 lot (Standard)
- Lot Size Type: Autolot automatically adjusts lot size based on capital
- Trade Closing System: Percent Profit ALL By Order, Cutloss
- Trading Symbol: EURUSD
- Timeframes: 1 Hour
⚠️ Warnings and Precautions
- Users are fully responsible for trading risks
- Perform Backtesting with Tick Data 99.9% before live trading
- It is recommended to start with a Demo Account before using a Real Account
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Smart Bollinger MTG EA, Automated Trading, MQL4, Expert Advisor (EA), Bollinger Band, MACD, Dynamic Martingale, Pending Order, Autolot System, EURUSD, Forex Trading
