Market / MetaTrader 4 / Experts /

Bollinger Bands Tunnel EA

FREE

Published: 14 June 2022

Current version: 1.0

Bollinger Bands Tunnel EA

3.5

Experts
Lachezar Krastev
Version: 1.0

Bollinger Bands Tunnel EA is a free expert advisor developed with the idea to be useful for traders who love to trade using the popular indicator Bollinger Bands. Bollinger Bands Tunnel EA has very simple trading logic. It trades inside of the Bollinger Bands indicator. When the price crosses the Bollinger Bands upper line and reverses, the EA opens a SELL position. When the price crosses the Bollinger Bands lower line and reverses then the EA opens a BUY position. The algorithm of closing the trade is also simple. When the price crosses the upper line the EA will close the BUY positions. When the price crosses the lower line the EA will close the SELL positions. There are also TakeProfit and StopLoss parameters which are optional. If you set anything the EA will also use them for closing the trades.

Bollinger Bands Tunnel EA is optimized only for EURCHF currency pair. EURCHF currency pair is a well known ranging pair. This strategy is best for ranging markets. It can be used with any currency pairs and forex instruments which are in ranging periods. But you must do your own optimization for other pairs and instruments.

Recommended timeframe: H1

Recommended backtest method: H1 by every tick

Supported currency pairs: EURCHF

Top Features

Strong, pure and simple trading logic
Money Management System
High spread and slippage protection
Uses Most Popular Forex Indicator Bollinger Bands

Bollinger Bands Tunnel EA Settings

==== Risk Management ====

FixedLots - fixed trading volume (works if AutoMM1=0).
AutoMM – values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).

==== General Settings ====

LongTrades – true/false to enables/disables the long trades.
ShortTrades - true/false to enables/disables the short trades.
Magic - magic number - it is extremely important to keep this different for all robots.
MaxSpread - maximal allowed spread for position opening.
Slippage – maximal allowed slippage for position opening.
StopLoss - stop loss value in standard 4 digit pips. It is an optional parameter.
TakeProfit – take profit value in standard 4 digit pips. It is an optional parameter.
EA_Comment - text which will be added as a comment to each trade opened by Bollinger Bands Tunnel EA.

==== Bollinger Bands Settings ====

BBands_TimeFrame – The time frame of Bollinger Bands indicator.
BBands_Period - The period of Bollinger Bands indicator.
BBands_Deviation - The deviation of Bollinger Bands indicator.
BBands_AppliedPrice - The applied price of Bollinger Bands indicator.
BBands_MaxWidth – The max allowed width of the Bollinger Bands indicator (the difference in pips between upper and lower line) when the EA can trade.
BBands_MinWidth - The min allowed width of the Bollinger Bands indicator (the difference in pips between upper and lower line) when the EA can trade.
MaxVolatilityIndex – The volatility index of the current market. If you set small value the EA will trade rare but with higher precision. If you set big value the EA will trade often but with less precision.

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Jmd1937 2022.11.17 17:53 #

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WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled by the low price – GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for tradi

157 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $197 ( Regular Price: $497) - The offer ends on Monday! Click here to check News Scope EA PRO results! Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI, providing unparalleled market insights and in-depth fundamental analysis. It actively adapts to ever-changing market conditions, identifying statistically significant price patterns with remarkable predictive power

197 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for trading GOLD (XAUUSD) . I have used the most proven trading principle since the market exist – namely a position entry in the direction of a distinctive market impulse and a following

157 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $197 ( Regular Price: $487) - The offer ends on Monday! Click here to check News Scope EA PRO results! For Settings, Instructions and LIVE Results Click Here! Forex Trend Detector is an automated trading strategy which is developed to follow the money… or "follow the market impulse" resulting in reliable and consistent performance. I built Forex Trend Detector on a trading strategy that works!

197 USD

PROMOTION! -> BUY ANY of my EAs and get News Scope EA PRO as a BONUS! Click here to check all my EAs! For Settings, Instructions and LIVE Results Click Here! News Scope EA PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! News Scope EA PRO is a very effective and potentially highly profitable strategy for high impact news trading. Usually, when a major news event occurs, the price spikes in one, or both directions and this

327 USD

197 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! For Settings, Instructions and LIVE Results Click Here! BF Scalper PRO is the professional version of the very popular EA - BF Scalper EA. We have implemented a lot of new additional features and systems in this PRO version, in order to improve its overall performance . The improved exit logic r

157 USD

The Omega Trend Indicator is an advanced tool that has been specifically designed to detect market trends early, and follow them efficiently. The indicator draws two lines. The main (thicker) Trend Line represents the presumed lower or upper volatility limits of the current market trend. A break in the main Trend Line indicates a potential reversal or shift in the movement of the trend. The Trend Line also indicates the best point to place a stop loss order. In Omega Trend Indicator, the Trend L

FREE

MACD Trend EA is based on the popular forex indicator MACD (Moving Average Convergence Divergence). It is fully automated trading expert advisor and completely FREE! As the name suggests, this expert advisor uses a trend-following strategy and uses the MACD indicator to detect the beginning of uptrends and downtrends. MACD Trend EA Top Features - Trend Following Strategy - Money Management - Advanced Exit System + TP and SL - Trailing Stop System - Broker protection System - Custom Magic

FREE

BF News Trader EA is the most advanced FREE tool for high impact news trading on the market. Usually, when a major news event occurs, the price spikes in one or both directions and this creates an opportunity for short-term scalping. If the magnitude of the price movement is big enough, the trader could gain 20, or in some rare cases even more than 100 pips in a few seconds. Of course, nothing is perfect and the liquidity issues in such high volatility moments could lead to spread increase, exe

FREE

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! For Settings, Instructions and LIVE Results Click Here! BF Scalper PRO is the professional version of the very popular EA - BF Scalper EA. We have implemented a lot of new additional features and systems in this PRO version, in order to improve its overall performance . The improved exit logic r

157 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $197 ( Regular Price: $487) - The offer ends on Monday! Click here to check News Scope EA PRO results! For Settings, Instructions and LIVE Results Click Here! Forex Trend Detector is an automated trading strategy which is developed to follow the money… or "follow the market impulse" resulting in reliable and consistent performance. I built Forex Trend Detector on a trading strategy that works!

197 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! Signal Account: https://www.mql5.com/en/signals/1914271 For Settings, Instructions and additional LIVE Results Click Here! Omega Trend EA is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! Omega Trend EA is a professional forex

157 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! Trend Matrix EA is more than just a forex robot; it's your key to mastering the art of trend-following trading. Developed to excel in the fast-paced and ever-changing forex markets, this expert advisor for MetaTrader 4 and 5 terminals is designed to spot and capitalize on trends, ensuring you st

157 USD

Flex Recovery EA is meant to be almost all the time in the game – everything, but not a boring strategy. It is a countertrend strategy taking trades on the borders of a market volatility channel, combined with highly effective loss compensating algorithm. This strategy is suitable for traders with high risk profile … do not forget that “highly profitable – low risk strategy” is an oxymoron concept. If you want to beat the market at any coast, you must be all in, using aggressive money management

FREE

Market Insider is an excellent indicator for scalping the trend and also trading market breakouts and reversals. It is based on a ATR measured volatility channel and the CCI indicator. The green trend line and green bars indicates an uptrend and the red trend line and red bars indicates a downtrend. An intensive price breakout of some of the trend lines indicates a market breakout and a potential new opposite trend. In choppy-range behaving market and in low liquidity conditions the breakout sig

FREE

Trend Power Bot is a unique combination between highly efficient breakout detecting algorithm and very effective drawdown compensation money management. The money management could be considered a martingale, but used with low risk, the strategy survives 20+ years trading with acceptable drawdown. The default /safe/ risk is 0.2% (0.02 lots per $10k account equity) and this is extremely safe. However, if you decide to try your luck, you can bump the risk up to 1% (0.1 lot per $10k account equity)

FREE

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! Smart Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things. Smart Scalper PRO is the professional version of the popular scalper BF Smart Scalper EA with a lot of new features/systems and improvements. Continue reading t

157 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $117 ( Regular Price: $297) - The offer ends on Monday! Click here to check News Scope EA PRO results! Trend Reader Indicator is a revolutionary trading indicator designed to empower forex traders with the tools they need to make informed trading decisions. This cutting-edge indicator utilizes complex mathematical calculations and the Average True Range (ATR) indicator to identify and highlight t

117 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! Trend Matrix EA is more than just a forex robot; it's your key to mastering the art of trend-following trading. Developed to excel in the fast-paced and ever-changing forex markets, this expert advisor for MetaTrader 4 and 5 terminals is designed to spot and capitalize on trends, ensuring you st

157 USD

WEEKEND OFFER! --> -60% OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Promo price: $157 ( Regular Price: $397) - The offer ends on Monday! Click here to check News Scope EA PRO results! Smart Scalper PRO is the PRO version of the popular scalper BF Smart Scalper EA with a lot of new features/systems and improvements. Smart Scalper PRO is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse, after a rea

157 USD

117 USD

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