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How Bollinger Band strategy work?

 

How Entry Logic Work

  • When price touch  Upper Band = SELL Signal
  • When price touch  Lower Band = BUY Signal
  • Mid line is reset line. Example – EA open a SELL trade when price touch upper line until price come down touch mid line it will not open again sell trade. But if you set OpenTradeAfterReset=false then reset not work every touch open sell trade.