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Version: 3.0

Example G6: Buy stop and indicator value for pending price

caution

This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.

Description​

This example uses Bollinger Band upper values for stop order placement. When MACD signals occur, pending orders are placed at the upper band level, requiring price to break above this statistical boundary before entering. This combines momentum confirmation with volatility-based levels.

Bollinger Bands provide dynamic resistance levels that expand and contract with volatility. Using these for pending orders ensures entries only occur when price breaks significant levels, not just minor resistance. This filtering reduces false breakouts in ranging markets.

The indicator-based pending price eliminates subjective level selection, creating consistent, mathematically-derived entry points. This objectivity removes emotional decision-making from trade entry timing.

Recreate the Example​

You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:

Trade Basics

  • Operation type = Long

Pending Order Settings

  • Mode = Stop
  • Price calculation method = Indicator value
  • Used indicator = BB
  • Expiration = 75

Signal Generation - Indicators - STD

  • Signal in use = On
  • Signal used for = Forward
  • Selected indicator = STD
  • Draw in chart = Off
  • Forward adjustment = 3.50

Signal Generation - Indicators (MACD Main line)

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = MACD
  • Line index = Main line
  • Draw in chart = On
  • Drawing slot = 1

Signal Generation - Indicators (MACD Signal line)

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = MACD
  • Line index = Signal line
  • Draw in chart = On
  • Drawing slot = 2

Signal Generation - Indicators (BB Upper)

  • Signal in use = On
  • Signal used for = Forward
  • Selected indicator = BB
  • Line index = Upper
  • Draw in chart = On
  • Drawing slot = 3

Signal Generation - Indicator Combinations (MACD Main line & MACD Signal line)

  • Signal in use = On
  • Signal used for = Entry
  • Input indicator 1 = MACD (Main line)
  • Input indicator 2 = MACD (Signal line)
  • Value relation = Value 2 cross value 1

Initial Stop Loss

  • Selection = Indicator
  • Used indicator = STD

Initial Take Profit

  • Selection = Risk ratio
  • Risk ratio = 1.40

Screenshots​

Example G6: Buy stop and indicator value for pending price.webp