Re: Creating EA to buy when price crosses below Bollinger Band

Hi, I am posting this question here as the earlier post that did not have a solution was 4 years ago and I wasn't sure if that would be picked up by users if I posted there. Apologies for my ignorance.

I am trying to build a simple strategy on 5 minutes. When current price crosses below lower bollinger band, then it must take one long position and after that when the current price crosses above middle bollinger band then it must close that long.

The strategy works fine but the only issue is that it doesn't take a long every time the current price crosses below bollinger band. I'd say 5 out of 10 times it does exactly how I have explained above, but the other 5 times, it doesn't I. E. the current price crosses below the band, yet it doesn't take a trade and also at times when it must close the trade, it doesn't. I am talking about live market here and not backtesting.

Any help appreciated.
Thanks

@rahim-1 awesome man. works great. thanks!!

@roar I don't have any manual trades open. I just have a few trades open from this EA (lets call it EA1)and I have a few trades open from another EA (lets call it EA2) on US30. I only want to close trades that are opened by EA1 when the above condition is met

@jsauter86 sorry i dont understand. I want profit as the sum of money from all open trades from the EA1 in US30. I have another EA2 running on US30 on another tab of MT4. I don't want trades from EA2 to be considered when evaluating the sum of profit.

Thanks. Here is the link
https://fxdreema.com/shared/NSPhMqYAb

?? Anything anyone can help??

Hi @l-andorrà , please see link

Hi all, Do you know why my trade is not closing in actual, but in simulation it works perfectly. I deployed it on US30. I had to manually close out 2 trades when I saw that my trades were sitting on a total $28, when infact as per algo, they should have closed 2 hours ago when total reached $20. Just to be sure, I ran simulation on the same period and in simulation, algo did close those two trades exactly at the candle when total turned $20. I confirm there is not SL/TP in "Buy now" block. Please ask if you need any clarification or I have not elaborated to the extent I should have. Thanks in advance.

@biztet thanks. I tried a few variations and for me, high price works the best. Thanks for taking out time to advise.

Hi @biztet thankyou! Could you please advise what applied price should I use in Bollinger band lower band indicator, if I want to trigger a "long" trade the moment current price crosses below the lower band. There are 5-6 types of applied price available in the drop down menu and it's very confusing. Thanks