Pips Collector EA with Hedge is a high-frequency EA, best suited in range trading markets with medium volatility. It uses a mix of scalping and dynamic hedging techniques. This EA works 24 hours, but it is recommended to avoid critical economic releases that could cause extreme volatility, namely Non-Farm Payrolls or Central bank interest rate announcements. The EA can be run for a short period of time, but best results are achieved from continuous trading without interruption for 24 to 120 hours.
EA opens market orders by Bollinger Bands indicator. Market Buy order opened if the price crossed Upper Band. Market Sell order opened if the price crossed Lower Band. Orders closed by Bollinger Middle, StopLoss, TakeProfit or opposite signal.