It operates on the classic principle of buying when the price crosses the upper band from below and selling when the price crosses the lower band from above. All the settings, like period, shift, and deviation, are available in the EA inputs menu.
The Bollinger Bands indicator is a very powerful tool to recognize the trend's direction in the market. It can be used for various types of forex strategies. It shows when the price is overbought or oversold. You can find this indicator on every MT4 and MT5 terminal. In my opinion, all the classic indicators that you can find in the terminal are the best ones. They work perfectly without any issues.
Download the DEMO version of the Bollinger Bands EA MT4 and try it in the strategy tester, before purchasing this forex trading robot MT4.
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Price £: 75
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EA delivery time: Within 1-7 hours. All purchased EAs are sent manually to your email address by our team. Once you have completed the payment, please contact us, and we will deliver your purchased EA to your email address as soon as possible.
Premium long-term support: We're available 24/7. Any issues are always solved.
Activations: Unlimited accounts. You have a lifetime license with free future updates.
Compatibility: Our EAs can be used with any symbol and timeframe.
Custom updates: Yes, we can offer any custom updates for our original EAs, so you can adapt the EA to your specific needs. We're very versatile.
Version 2 benefits
Hidden stops feature, ON/OFF.
Weekday filter Monday - Sunday.
Time filter 00:00 - 23:59 range.
Spread filter.
Buy Sell reversed - it opens sell instead of buy and it opens buy instead of sell, 2 ways strategy.
Bug fixes and performance improvements.
Trailing stop.
Breakeven.
Profit closer in money.
EA is able to work with any timeframe and symbol.
How to use hidden SL TP
You have to decide if you want to use this feature or not before attaching this EA on the chart. Later this option can't be changed, you will have to attach EA freshly.
Your Metatrader 4/5 must always be working.
Internet connection must be stable.
Buy example.
Sell example.
Buys and Sells example with close opposite trade feature on.
Inputs menu.
Explanation of the settings:
Lot size - simple fixed lot which is applied for each trade.
Stop loss pips - set a stop loss in pips which will be used for each trade separately.
Take profit pips - set a take profit in pips which will be used for each trade separately.
Close trade opposite signal - true/false, set it to true if you want to close trades on the opposite signal.
BUY SELL reversed - set it to true if you want to open buy trade instead of the sell trade and sell trade instead of the buy trade
Break even
Pips on profit to enable - once reached, break even is applied.
Offset pips from open price - the distance from the open, in this way you can avoid spread size by adding extra 2 pips for example.
Trailing stop
Trailing start pips - once the trade has this amount of profit, trailing stop is activated.
Trailing stop pips - trailing stop distance from the stop loss to the current price.
One trailing step - it's basically how often do you want to refresh the trailing stop.
Trading time settings - that's simple, simply choose time and weekdays you want to trade.
Spread filter - set max allowed spread size in pips, EA checks it before opening the trade. If the spread size is too big = no trade.
Use profit closer - set this setting to true if you want to close all trades when your desired profit is reached. EA will only close its opened trades.
Magic number - use magic number rule if this EA is used in more than 1 chart. Read more.
EA has the most used features, we don't want to add too much stuff in the original EA. So we offer custom updates for any of our EA - you can easily order a custom update and adapt this EA to your specific needs.
If you have any questions simply contact us and we will answer all your questions.
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