Boss robot trading is based on finding the entry points to the channel of Bollinger Bands, using a Stochastic indicator for filtering. FxPro broker with a new ECN platform of cAlgo is the most suitable for trading with this advisor. Recommended timeframe: any, Currency pair: EURUSD.
Expert adviser logic
1) BollingerBands with parameters (Period: 20, Deviation: 2, Shift: 0, Apply to: Close).
2) StochasticOscillator with parameters (period %К 5; period %D 3; slowing 3; method МА- Simple; prices High/Low; levels 20,80)
The conditions required to open a Buy position:
- the price shall break through the lower band of BollingerBands
- a fast line of Stochastic shall cross a slow line down-up. The most reliable signal is received when Stochastic lines cross each other after they were in the oversell zone, i.e. below the level of 20, and went beyond this level.
The conditions required to open a Sell position:
- the price shall break through the upper band of BollingerBands
- a fast line of Stochastic shall cross a slow line up-down. The most reliable signal is received when Stochastic lines cross each other after they were in the overbuy zone, i.e. above the level of 80, and went beyond this level.
Vol – volume of position to open
SL – Stop Loss in pips
TP – Take Profit in pips
TralStart – Trailing Start in pips
TralStop – Trailing Stop in pips
BB_price1 – price to build BollingerBands1 BB_period1 – BollingerBands1 period dev1 – BollingerBands1 deviation BB_type1 – BollingerBands1 type
Period_K – period of fast Stochastic line Period_D – period of slow Stochastic line Slowing – smoothing St_Ma_Type – type of МА used in Stochastic
The optimum parameters of indicators are set by default. Trading parameters are set depending on the market situation.