Tunnel Vision EA V1.0 MT5

Introduction

The Tunnel Vision EA V1.0 MT5 is an expert advisor developed for traders who appreciate the simplicity and effectiveness of the Bollinger Bands indicator. It operates within the Bollinger Bands, taking advantage of price reversals to open and close positions. Let’s dive into the details:

Strategy Overview

• Trading Logic: The EA identifies price reversals when they occur outside the Bollinger Bands.
• Long Trades: When the price crosses the upper Bollinger Bands line and reverses, the EA opens a BUY position.
• Short Trades: Conversely, when the price crosses the lower Bollinger Bands line and reverses, the EA opens a SELL position.
• Closing Trades: The EA closes BUY positions when the price crosses the upper Bollinger Bands line and closes SELL positions when the price crosses the lower Bollinger Bands line.
• Optional Parameters:
  • Take Profit (TP): Set a desired TP value (optional).
  • Stop Loss (SL): Set a desired SL value (optional).

Key Details

• Currency Pair: The EA is optimized for the EURCHF currency pair, which is known for its ranging behavior. However, it can be used with other currency pairs during ranging periods (do your own optimization for other pairs).
• Recommended Timeframe: H1 (1-hour chart).
• Risk Management:
  • Fixed Lots: Specify a fixed trading volume (works if AutoMM1=0).
  • AutoMM: Values greater than 0 activate automatic money management (traded volume as a percentage of free margin).
• General Settings:
  • LongTrades: Enable/disable long trades.
  • ShortTrades: Enable/disable short trades.
  • Magic Number: Unique identifier for the EA.
  • Max Spread: Max allowed spread for position opening.
  • Slippage: Max allowed slippage for position opening.
  • Optional Stop Loss and Take Profit.
  • EA Comment: Text added as a comment to each trade.

Strategy Type

• Tunnel Vision EA V1.0 MT5 follows a reversal strategy based on Bollinger Bands. It does not use martingale or hedging techniques.

How the EA Takes Trades

1. Long Trade Scenario:
   • Price crosses above the upper Bollinger Bands line.
   • Reversal occurs.
   • EA opens a BUY position.
   • Monitors for TP or SL conditions.
2. Short Trade Scenario:
   • Price crosses below the lower Bollinger Bands line.
   • Reversal occurs.
   • EA opens a SELL position.
   • Monitors for TP or SL conditions.

Download and Contact

• You can download the Tunnel Vision EA V1.0 MT5 from our website: FXCracked
• Join our Telegram channel for updates: YoForexRobot
• For any inquiries, contact our admin: @fxcrackedadmin

Remember to perform your own backtesting and optimization for other currency pairs.

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