Discussing the article: "Implementing a Bollinger Bands Trading Strategy with MQL5: A Step-by-Step Guide"
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Check out the new article: Implementing a Bollinger Bands Trading Strategy with MQL5: A Step-by-Step Guide.
A step-by-step guide to implementing an automated trading algorithm in MQL5 based on the Bollinger Bands trading strategy. A detailed tutorial based on creating an Expert Advisor that can be useful for traders.
Traders may build an Expert Advisor (EA) that uses Bollinger Bands to execute buy and sell orders based on particular market conditions by following this step-by-step tutorial. Important topics including configuring the Bollinger Bands indicator, controlling trading positions, and addressing order execution and error management will all be covered. Regardless of your level of experience with development or familiarity with algorithmic trading, this tutorial will give traders a solid basis on which to design and improve their trading methods.
This journey will cover the following topics:
Results:
From 2016 to 2019, the strategy executed 1425 trades, 857 closed with trades which is 20.28% more than the loss trades.
Author: Kikkih25