Bollinger Bands EA

admin

About the Bollinger Bands

The Bollinger Bands indicator was invented by John Bollinger in the 1980s. The Bollinger Bands consist of a Moving Average, an Upper and a Lower Band and is included in Metatrader 4 and 5. The default settings are 20 for the period and 2 for the deviation.

Trade logic of this forex robot

The Bollinger Bands EA is a forex robot which uses Bollinger Bands to enter a trade. It has 2 different entry strategies.
BreakOut: If the last bar closes above the upper band it enters a Sell Order. If the close of the last bar is below the lower band a Buy Order is generated.
BreakIn: If the last bar crosses the upper band from above it enters a Sell Order. If the last bar crosses the lower band from below a Buy Order is generated.

Exit strategies (only MT4 Advanced and MT4 Pro)

The Bollinger Bands EA has 2 different exit strategies.

• Close on middle Band: The trade will be closed if the middle Bollinger Band gets crossed.
• Close on opposite Band: The trade will be closed if a candle closes below/above the opposite Band.
• 使用参数
• 使用货币：全货币兑
  使用周期:H1或者H4
  自带止盈止损。
  盈亏比1.1:1