BollSto EA MT5

EA Grid- BollSto is a hybrid strategy that has been tested and optimized using 100% History Quality from 2008 to 2023. Its main signal is based on Bollinger Bands, with Stochastic as a confirming signal to identify trends. It can be used on various timeframes such as M15, M30, H1, H4, and D1, with customizable settings.

* Recommended to use 1 timeframe per 1 account to limit risk.

The risk management system allows you to choose your preferred risk level. The user-friendly interface, coupled with high-quality stability and real-time processing modules, provides a wide range of configuration options. For traders seeking consistent profitability and reliability, try our EA and enhance your trading potential significantly!

Supported currency pairs: AUDCAD

Most recommended timeframe: M15

Live Signal: https://www.mql5.com/en/signals/2126182

MT4 Version: Click Here

Backtest

• Modelling quality: 100% History Quality
• Spread: Variable
• Time Period: 2008 – 2023.10
• Symbol: AUDCAD
• Timeframe: M15
• Dynamic lot: Dynamically sets the lot size based on the current balance.

* Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers

Setting

• Risk Management: Customize the level of risk according to your trading preferences.
• Take Profit for Initial Trade: Set the take profit level in pips for the initial trade.
• Take Profit for Pips as Position: Specify the average profit in pips that you want to achieve when opening multiple orders (2-3 orders).
• Bollinger Bands Period: Determine the period of the Bollinger Bands used to calculate the upper and lower levels.
• Stochastic Period: Set the period for the %K line of the Stochastic indicator used to generate secondary signals for confirming trend reversals.
• Trade Distance: Define the minimum distance in pips between trades.
• 2nd Trade Multiplier: Specify the multiplier for the lot size of the second trade.
• 3rd - 5th Trade Multiplier: Set the multiplier for the lot size of the third to fifth trades.
• 6th Trade Multiplier: Determine the multiplier for the lot size of the sixth trade and subsequent trades.
• Stop Loss: Enable this option if you want to set a stop loss to limit potential losses.
• Percent Stop Loss: Specify the percentage of your account balance that you are willing to risk as a stop loss.
• Initial Trade Setting: Set the option to trade every weekday.
• Trade Count for Closing: Determine the maximum number of orders you are willing to have at risk, and if this limit is reached, the EA will close the orders at breakeven.
• Percent Profit for closing: Set the average profit percentage at which you want to close the orders at breakeven.
• Maximum Slippage in pips: Specify the maximum allowed slippage in pips for the next open trades.

*** The only thing I recommend you adjust in this EA is to choose the lot size setting as you prefer.

Select True for your desired risk management setting: either Select_Risk_Setting, Select_Percent_Setting, or Select_Fix_initial_lot (choose only one to be True).

Once you've selected True, choose the risk level or input a numeric value under that option.

Recommend

• Currency Pairs: AUDCAD
• Timeframe: M15
• Account Type: Any, with a minimum spread (preferably ECN/Raw)
• Leverage: 1:100 is recommended
• Settings: Default
• Minimal/Recommended Deposit: $1500 or 1500 US Cent