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.
- 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.
- 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
|Functions||Free||Pro||Strategy Builder EA|
|Entry Strategies||Single Strategy||3 sections with same Indicator||Multiple Strategies (Same Indicator with 30+ Others Indicator)|
|Multi Pairs Trading||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|
|Day/Time Filter With Advanced||NO||NO||YES|