BBMA Autotrading EA v2.03

The BBMA Autotrading EA is a popular automated trading tool that is designed to help traders execute trades based on the BBMA trading strategy. The EA offers a comprehensive set of features, including market watch symbols, reverse signals, advanced reentry, complete signals, and more. In this review, we will take a closer look at the BBMA Autotrading EA, examine its strategy, strengths, and weaknesses, and provide insights on how to test and apply good risk management settings. By the end of this review, readers should be able to make an informed decision about whether or not the BBMA Autotrading EA is right for them. The BBMA Autotrading EA strategy is an expert advisor designed to execute trades on various currency pairs based on the Bollinger Bands and Moving Average (BBMA) trading strategy. The EA is designed to work on one chart, either H4 or daily, and open positions on all pairs in the watchlist. The EA uses a profit target to close all trades, including manual trades and trades created by another EA.

The profit target is calculated in account currency, and the EA will recognize orders by MagicNumberBase. If the same MagicNumberBase is set, the EA will see all trades with this magic number, assign them SL and TP, and trail these orders. The EA sets SL and TP only once, and if SL and TP are already assigned, the EA will not change them. The EA also has settings for market watch symbols, stop loss, take profit, trailing stop, MA10h, MA5h, MA10, EMA50, and low price linear weighted.

One of the strengths of the BBMA Autotrading EA is that it uses a well-known and established trading strategy. The profit target feature also allows for clear and easy risk management. The weakness of the BBMA Autotrading EA is that it heavily relies on technical indicators and does not take into account fundamental analysis or news events, which can result in losses during periods of high volatility or unexpected market events. Therefore, traders are advised to demo-test the Expert Advisor before using it on a live account to minimize potential losses. Traders must also exercise proper risk management and not rely solely on the EA to make trading decisions.

BBMA Autotrading EA Features
Works on one chart H4 or Daily
Opens positions in all pairs in the watchlist
Profit target is in account currency
Closes all trades when profit target is hit, including manual trades and trades created by another EA
Calculates profit for all trades, including those created manually or by another EA
Includes swaps and commissions in the profit target
Can use Profit Target Close All only (without individual stop loss and take profit for each order)
Can set stop loss and take profit points to 0 to indicate “no use”
Uses MagicNumberBase to recognize orders and assign SL and TP
Sets SL and TP only once and does not change them if already assigned
Can trail orders if trailing is active, but will not change SL if trailing is OFF
Has a Reverse Signal feature
Includes Advanced Reentry
Allows for Complete Signal