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HomeProductAlgo TradingMetaTrader 4 Bollinger Bands EA
$39
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Activations:
30
Current version:
4.0.1
Published:
03/08/2022
Updated:
03/08/2022

Bollinger Bands EA v.4.0.1

Algo Trading, MetaTrader 4, MetaTrader 5

$39

  • ✎ Overview
  • ≡ Comments

MeetAlgo Bollinger Bands EA trades using the Bollinger Bands Indicator. It offers many customizable Bollinger Bands trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode.

Entry Logic

  • SELL Signal = When price touch   Upper Band
  • BUY Signal = When price touch   Lower Band

How Reset Work

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.

Functions

  • Customizable indicator settings
  • Easy to use and customizable Bollinger Bands setting.
  • Enable Grid trading when trade in loss.
  • Enable Grid trading when trade in profit (In Pro).
  • Customizable profit and loss management
  • Customizable break-even, trailing-stop
  • Close trade by time (In Pro).
  • Filter trading by forex sessions
  • Built-in money management
  • Built-in news filter. EA automatic download news data from news website.

The EA implements the following entry strategies, that can be enabled or disabled at will:

  • Trade when the Price touch upper or lower level

Four different trading behaviors are available in the EA inputs:

  • Both Side (Long and Short): The EA will buy at price touch lower band and sell at price touch upper band both trade
  • Any Single Side: Open any one trade which signal come first (Buy or Sell)
  • Long Side Only: The EA will buy at bullish signals and disregard bearish signals
  • Short Side Only: The EA will sell at bearish signals and disregard bullish signals

Additionally, it implements four different money management modes:

  • Trade manual lotsize: The EA will trade a fixed lotsize on each trade
  • Auto-calculation of lotsizes: The EA will increase or decrease depend on account balance increase or decrease
  • Martingale: The EA will double the lotsize after a losing trade

 

Version Compare

Functions Free Pro Strategy Builder EA
Entry Strategies Single Strategy 3 sections with same Indicator Multiple Strategies (Same Indicator with 30+ Others Indicator)
Exit Strategies NO NO YES
Multi Pairs Trading NO YES YES
Trend Filter YES YES YES
Money Management YES YES YES
Spread Filter NO YES YES
Initial Trade Stop Filter NO YES YES
Initial Trade Close Filter NO YES YES
Grid Trade (Loss Side) YES YES YES
Grid Trade (Profit Side) NO YES YES
Grid GAP with ATR Value NO YES YES
Trade on new Bar YES YES YES
Hard TP For Initial YES YES YES
Profit In Currency Both Side NO YES YES
Trailing Stop YES YES YES
Break Even YES YES YES
Candle Trailing NO NO YES
ATR Trailing NO NO YES
Day/Time Filter YES YES YES
Day/Time Filter With Advanced NO NO YES

Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

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SKU: N/A Categories: Algo Trading, MetaTrader 4, MetaTrader 5 Tag: movingaverageea
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