• Overview
  • Reviews (8)
  • Comments (14)

Bollinger Scalper EA

4

The Bollinger Scalper EA is a fully automated Expert Advisor that trades based on Bollinger Band and RSI entry signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Not sensitive to spread
  • Always a stop loss in place
  • All you need is a VPS

Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of lots for the first trade in a group. Values from 0.01 to 50.0.
  • LotsPer10K - Number of lots for the first trade in a group per 10000 account balance (Setting to 0 disables). Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • AllowNewTrades - Turn this of to disable new trade groups, true/false.
  • ProfitPerLot - Target profit in account currency per lot. Values from 1.0 to 1000.0.
  • PositionComment - Allows you to set the position comment.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • StopLoss - The fixed stop loss - Values 25 to 200 depending on the pair being traded.
  • BBPeriod - The Bollinger Band period used as entry signal - Values 1 to 40.
  • BBStd - The Bollinger Band standard deviation used as entry signal - Values 1.0 to 3.0.
  • RSIPeriod - The RSI period used as entry signal - Values 1 to 40.
  • RSIThreshold - The RSI threshold used as entry signal - Values 1 to 40.
  • Averaging - If turned on averaging is used to recover negative trades, true/false.
  • AveragingStep - The negative move in pips against the current trade to trigger the next averaging trade. Values 5 to 100.
  • AveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.

Optimization & Defaults

Default input values are for EURUSD M5. If optimizing, optimization of RSIPeriod, RSIThreshold, BBPeriod, BBStd,ProfitPerLot  and AveragingStep are needed to find the best results.

Reviews 8
Daniel Franz Kobale
140
Daniel Franz Kobale 2024.01.02 12:36 
 

This is a very good EA bot. It works best with the bollinger bands set to 50:2 and the RSI set to 14 on the 15m, 30m, or 1 hour timeframe. I run it on the 15m timeframe for consistnent trades.

Harry Tallarita
396
Harry Tallarita 2022.08.29 12:16 
 

per ora ottimo. sarebbe utile aggiungere la funzione di salvaguardia del capitale

ABCD Kang
697
ABCD Kang 2024.10.22 13:15 
 

Is the MT5 version (Bollinger Scalper EA) available?

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Miliron mt4
Nadiya Mirosh
The   Milioron   robot, developed for the Forex market, has significant flexibility and offers many mechanisms for maintaining a series of orders. It allows traders to automate and optimize their trading using built-in strategies and risk management approaches. Some of the main features and capabilities of the Milioron robot include: 1. **Flexibility of settings**: The robot provides traders with a wide range of parameters and settings that can be adapted to specific trading strategies and
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Custom EA MT5
Robots4Forex Ltd
Custom EA is a fully automated and customizable expert advisor (EA) designed for traders seeking complete control over their trading strategies. It integrates seamlessly with third-party indicators, offers numerous built-in entry and exit strategies, and includes advanced trade duplication features. Whether you’re automating trades, building a neural network-driven strategy, or copying trades between accounts, Custom EA is the ideal solution for both beginner and experienced traders. Key Feature
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ABCD Kang
697
ABCD Kang 2024.10.22 13:15 
 

Is the MT5 version (Bollinger Scalper EA) available?

agrushev777
2328
agrushev777 2024.02.19 21:05 
 

User didn't leave any comment to the rating

Daniel Franz Kobale
140
Daniel Franz Kobale 2024.01.02 12:36 
 

This is a very good EA bot. It works best with the bollinger bands set to 50:2 and the RSI set to 14 on the 15m, 30m, or 1 hour timeframe. I run it on the 15m timeframe for consistnent trades.

Logan Van
18
Logan Van 2023.02.03 22:30 
 

Bon robot donne de bon resultat sur audusd et eurusd

xO8sVpkY
69
xO8sVpkY 2022.11.05 11:40 
 

Backtested using Tick Data Suite conditions and variable spreads.

It is a nan-pinning EA that trades frequently.

The user has to have enough funds to lose all the money at once.

Funds increase with each trade.

Harry Tallarita
396
Harry Tallarita 2022.08.29 12:16 
 

per ora ottimo. sarebbe utile aggiungere la funzione di salvaguardia del capitale

Rob0000
114
Rob0000 2022.06.21 14:10 
 

good Ea.Good results .

John Winsome Munar
3471
John Winsome Munar 2022.05.18 07:15 
 

Nice EA.

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