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BollSto EA MT4 – Full Input Settings Analysis
BollSto EA is a MetaTrader 4 (MT4) Expert Advisor largely relying on Bollinger Bands for signals, backed by Stochastic as a second opinion to determine the trend. The Expert Advisor features a user-selectable risk management system allowing one to select a desired risk level. The simple to use and highly stable interface ensures effective real-time processing with an extensive list of configuration settings for custom trading strategy parameters.
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Risk Settings
- Lot Size Method: risk_settings – Lot size calculation from risk settings method
- Risk Setting Enabled: true – Risk-based lot sizing enabled
- Risk Level: Moderate_Risk – Medium risk level chosen
- Use Percent of Balance: false – Percentage lot sizing turned off
- Percent of Balance: 50.0 – Would take 50% of balance if turned on (currently off)
- Use Fixed Lot: false – Fixed lot mode turned off
- Fixed Initial Lot: 0.01 – First lot under fixed lot mode
Strategy Settings
- TP for First Trade: 10.0 – TP of 10 pips on the first trade
- TP per Pip Position: 10.0 – TP computed per pip per position
- Bollinger Bands Period: 50.0 – Bollinger Bands 50-period
- Stochastic Period: 50.0 – Stochastic 50-period
- Trade Distance: 40.0 – Minimum trading distance: 40 pips
- 2nd Trade Multiplier: 1.0 – Second trade on the same lot size
- 3rd–5th Trade Multiplier: 2.0 – 3 to 5 trades use double the lot size
- 6th Trade Multiplier: 1.5 – Sixth trade uses 1.5 times the previous lot size
Other Settings
- Trade Count for Close: 4.0 – Closes trades when 4 positions are open (subject to EA logic)
- Percent Profit on Closing: 0.00 – Not utilizing profit percentage for closing trades
- Maximum Slippage: 4.0 pips – Maximum allowable slippage is 4 pips
- Timeframe: 15 Minutes – Traded on the M15 chart
- Magic Number: 9601 – Employed for its trades’ identification by this EA
Key Takeaways
- BollSto EA utilizes a blended approach with Stochastic and Bollinger Bands both utilized to enhance trading strategies.
- This Expert Advisor is self-executing and allows automatic opening, trading, and closing of trades without intervention.
- Customers are free to customize parameters to facilitate EA configuration according to their respective trading styles.