Have idea for simple EA based on Doda-BBands

[Hakim314]

Pls, have a look at this pic.

 

http://img208.imageshack.us/img208/8642/ujbbands.png

 

http://img208.imageshack.us/img208/8642/ujbbands.th.png

 

It's based on Doda-BBands.

Nothis special and free, but with settings: 3,3,1.0... it gives accurate signals

 

HOW You think ? pls coders, give Your comments is it already POSSIBLE to build an EA based on that ?

 

Let say, it open a new position when a new DOT is produced.

Sometimes it has a smaaall slippage in signals, but better then crossing MA.

 

I can use NoProgra to code it based on BollingerBands but I have no idea how to describe it in 'natural language' :/

 

For those who are looking for "hole in whole", if You change it to higher tf, let say even m15, You have fake signals mainly in Asian and even that not always, so it's not a problem.

 

Thanks in advance for help.

[freddy]

I guess it is what you are looking for:

 

 

 

 

 

 

http://www.lifesdream.org/free_forex_systems_bbands_stop.php

[Hakim314]

You are Angel ! Thank You !!

So should I understand that Doda-BBands and this EA above are the same, just... graphically improved ? :)

 

And do You think it will be working as well on lower TF like m15 ?

[freddy]

You are welcome.

 

Just open each indicator in your MetaEditor! and you will see:

 

"BBands_Stop"

is an indicator from "TrendLaboratory Ltd"

 

"Doda-BBands"

is exactly the same indicator with just added advertisement for the website of the person who copied the first indicator! lol ;))

 

As for the EA,

BBands Stop EA is from "lifesdream" and uses the indicator BBands_Stop to make it work.

 

I did not try the EA, but I think you can use any TF you want, I think you need also to adjust the parameters of the indicator to fit your needs.

If you find good (profitable) settings, don't forget to share! :D