|From JTAWiki, a project by J Talon LLC|
This entry method is based on the Bollinger Bands indicator.
If BBandsEntry is set to
0, then this entry method is not used. If set to
1, Evolution will place a LONG trade when the price is BELOW the lower band, and a SHORT trade when the price is ABOVE the upper band. If set to
2, then Evolution will place the reverse trade i.e. a LONG trade if the price is ABOVE the upper band, and a SHORT trade if BELOW the lower band.
If a value is entered in BBDistance then a channel will be placed outside the upper and lower bands, which increases the distance that the price must move before Evolution will open a trade.
All trades will be placed with the trend.
If the price is between the two bands, then Evolution will place no trades.
Default is 0
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