Bollinger Bands EA v.4.0.1

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