For traders seeking an edge in the ever-changing Forex market, the BollsUA Expert Advisor (EA) offers a unique solution. This EA employs an artificial locking strategy and trend-based trading, providing traders with a new approach to navigating the Forex market.
Understanding the AI-Lock Strategy
The BollsUA EA uses artificial intelligence to implement a locking strategy, opening new positions based on trend direction. This strategy involves the use of the Bollinger Bands indicator, a popular tool for identifying volatility and price levels that are significantly higher or lower than the average.
When the candlestick crosses the upper Bollinger Band, it triggers buying, while crossing the lower band initiates selling. If the market trend goes against the trader, the BollsUA EA opens artificial locking trades to help mitigate potential losses.
Alerts and Notifications
Notably, the BollsUA EA also comes with a feature for Telegram notifications. This allows traders to stay informed about potential drawdowns, providing a timely alert system for those who prefer to stay hands-on with their Forex trading.
Trading Risks and Configuration Parameters
Like all trading strategies, the AI-Lock approach employed by BollsUA EA carries potential risks. The EA operates on a martingale system with locking, which can lead to drawdowns ranging from 30-50% depending on the settings used. The developers recommend specific settings for each deposit, and do not bear any responsibility for trading results.
The EA configuration parameters include various controls for traders. The ‘Allowed Drawdown’ parameter, for example, determines the position from which the EA will start opening reverse positions on the grid. With the ‘Max Drawdown’ parameter, traders can set the maximum drawdown at which full lock occurs.
Other noteworthy parameters include ‘Start Lot’, defining the starting lot position; ‘Profit’, which determines the point at which the martingale chain becomes profitable; and ‘BP’ and ‘BD’, which contribute to the trading algorithm. Lastly, the ‘Telegram Creds’ parameter allows for the integration of Telegram’s Bot API for notifications.
Independent Testing and Subscription for Updates
For those interested in seeing the BollsUA EA in action, independent testing of the product can be viewed on the forexroboteasy.com website. Subscriptions for updates on the testing results of this product are also available.
FAQs
What is the BollsUA EA?
The BollsUA EA is an Expert Advisor that incorporates the use of AI and an artificial locking strategy for Forex trading. It uses the Bollinger Bands indicator to open new positions based on the trend direction.
What risks does the BollsUA EA carry?
Using the BollsUA EA can lead to potential drawdowns of 30-50% depending on the settings used. It is recommended that traders use the suggested settings for each deposit.
Where can I view independent testing of the BollsUA EA?
Independent testing of the BollsUA EA can be viewed on the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product.
We invite you to share your experience of using the BollsUA EA. Your feedback can help others make informed decisions about whether this product is right for them.
Please note that this is an independent product review and is not affiliated with the product’s creators. The review is written in the third person and does not endorse or promote the product.
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