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Bollinger Bands Trading Strategy for MT4®

RSI Trading System

The Expert Advisor automates the trading process with the Bollinger Bands Indicator. The EA allows monitoring price movements concerning Bollinger Bands lines.

Trading is like the days of juice. Would you like to try it?

Grab the high-quality EA with Bollinger Bands Indicator that will help you monitor price behaviour.

Works on MetaTrader 4®

MetaTrader®, MetaTrader 5®, MT4®, MT5® are the registered trademarks of MetaQuotes Software Corp. | 4xDev.com is not associated with MetaQuotes Software Corp.

The idea behind the Expert Advisor

The Expert Advisor checks the formed bars and current price position.

The trading robot allows selecting the trade opening point.

There are several operating modes in the “Cross Type” parameter:

You can choose the BB line (Top/Bottom) and the crossing type for every trade.

Crossing types:

If the selected conditions of the in-parameters are met, the expert advisor will enter the position.

The EA capabilities

The trading robot has all the required functions to manage positions.

In addition to the StopLoss and TakeProfit, a trader can choose whether he should close a position by a counter signal or operate several positions of the same type.

Moreover, the trading robot will allow you to calculate all risks for the position. You can choose the lot calculation based on a fixed amount or a percentage of the balance/equity that you are not afraid to lose.

If you are afraid of a price reverse, the BreakEven function is a must-have for you. It will place the StopLoss level on the opening price after overcoming the distance. In this case, your trade will not lose.

The EA has the Trailing Stop function that allows StopLoss to follow the price.

Input parameters

Input parameters

Input parameters

The EA parameters were divided into several specific categories.

“Bollinger Bands Parameters”

“Alerts”

“Trade Parameters”

“Lot Size Parameters”

“Breakeven Parameters”

“Trailing Stop”

“Daily Trading”

“Work Time”

“Close Trades”

The example of the work

The example of the work

Technical Requirements

Here is what you need to run this EA:

  • A computer capable of running MetaTrader 4® desktop version;

  • MetaTrader 4® installed on your desktop or laptop computer.

Frequently Asked Questions

Do not stop! Grab a BB Trading Strategy!

Important information

All Products are provided “as is” without any warranties regarding effectiveness, performance, or suitability for particular purposes. The actual performance of the Products could be different from the testing results and your expectations.

Please study all information about the Products carefully before purchasing.

The amounts paid for the Products are non-refundable.

4xDev assumes no liability for any direct or indirect losses resulting from the use of the Products.