Electric Eagle EA
Principle of operation
The Electric Eagle EA MT5 uses Bollinger Bands to enter a trade. If the close of the last bar is above the upper band it enters a Buy Order if the close of the last bar is under the lower band a sell order is generated.
Setting / Recommendations
- Currency Pair:
- Equity:
- Time-Frame:
- Leverage: 500
- Broker: Zero Spread/Fixed Spread/Raw Spread or ECN Broker: To Know More-Click
- VPS: Let the EA work un-interrupted with VPS: Click Here
Parameters for the Bollinger Bands
Bands Period = Averaging period to calculate the main line (default is 20)
Bands Deviation = Deviation from the main line (default is 2)
Bands Shift = The indicator shifts relative to the chart (default is 0)
Bands Applied Price = In this parameter you can set the Applied price. It can be any value between 0 and 6. (default is 0 / Close price)
| PRICE_CLOSE | 0 | Close price |
| PRICE_OPEN | 1 | Open price |
| PRICE_HIGH | 2 | High price |
| PRICE_LOW | 3 | Low price |
| PRICE_MEDIAN | 4 | Median price, (high-low)/2 |
| PRICE_TYPICAL | 5 | Typical price, (high+ low +close)/3 |
| PRICE_WEIGHTED | 6 | Weighted close price, (high +low +close+close)/4 |
NOTE:
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DISCLAIMER: Please read carefully before you decide to Invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat into the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this we recommend that you test the EA on your own broker account using many variations of currencies, time frames and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.