Bands Jazz

Bands Jazz EA is based on the analysis of the Bollinger Bands indicator. The EA algorithm is simple - it uses Stop Loss, Take Profit and Trailing Stop.

Settings

• TimeBeginHour—trading start hour. Values 0 to 24.
• TimeBeginMinute—trading start minute. Values 0 to 60.
• TimeEndHour—trading end hour. Values 0 to 24.
• TimeEndMinute—trading end minute. Values 0 to 60.
• period—averaging period for Bollinger Bands calculations.
• deviation—number of standard deviations from the main line for Bollinger Bands.
• bands_shift—indicator shift relative to the price chart for Bollinger Bands.
• applied_price—price used for Bollinger Bands.
• shift—index of the received value from the indicator buffer (shift relative to the current bar by a specified number of periods backward) for Bollinger Bands.
• SL—Stop Loss in points
• TP—Take Profit in points
• MN—magic number. Used as an identifier determined by user.
• LOT—lot size, if = 0 MM is used.
• Choice_method—MM calculation method, using free margin or balance, true-AccountBalance, false-AccountFreeMargin.
• Risk—risk percent for MM.
• TSProfitOnly—selection of the area where trailing starts. If True, trailing will begin work only after the position reaches the profit of TStop_Buy/Sell+TrailingStep points. If False, the EA will simply ensure that the distance between the stop and the current price is always no more than TStop_Buy/Sell+TrailingStep points. In other words, when True, the EA works only in the profit area, if False - both in profit and loss areas.
• TStop_Buy—trailing size in points for Buy positions.
• TStop_Sell—trailing size in points for Sell positions.
• TrailingStep—trailing step in points. This is to prevent from sending too frequent requests to the dealer.
• MarketWatch—setting profit and loss levels through modifications.
• Slippage—maximum acceptable deviation of price for market orders (buy or sell orders).

Recommendations for Optimization

Variable	Start	Step	Stop
TimeBeginHour	0	1	24
TimeBeginMinute	0	1	60
TimeEndHour	0	1	24
TimeEndMinute	0	1	60
period	5	1	300
deviation	1	0.1	5
bands_shift	0	1	60
applied_price	PRICE_CLOSE		PRICE_WEIGHTED
shift	0	1	3
SL	5	1	1000
TP	5	1	1000
Risk	0.5	0.5	13
TStop_Buy	10	1	150
TStop_Sell	10	1	150
TrailingStep	1	1	50