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The Electric Eagle EA 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.
BandsPeriod = Averaging period to calculate the main line (default is 20)
BandsDeviation = Deviation from the main line (default is 2)
BandsShift = The indicator shift relative to the chart (default is 0)
BandsAppliedPrice = In this parameter you can set the Applied price. It can be any value between 0 and 6. (default is 0 / Close 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|
02.05.2014 - The BandsDeviation is now a double and no more a int. This means it is now possible to use this variable with a decimalpoint like 0.382 or 1.55. And there is now a ReverseOnSignal function in it.