• Overview
  • Reviews (2)
  • Comments (7)

Bollinger Bands Tunnel EA

3.5
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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Reviews 2
Jmd1937
64
Jmd1937 2022.11.17 17:53 
 

Didn't run it for long, was impatient with the performance. Now after testing/demo'ing lots of other EAs coming back to this one, in demo and bringing patience, 'cause the stat is good (2.5 pf)- thanks! going to try others now as well!

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Silicon Ex
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XG Gold Robot MT4
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The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Network AI
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4.84 (167)
Experts
The Network EA is an advanced system that uses the power of artificial intelligence and neural networks to analyze macroeconomic data released during the news and make trading decisions based on them. The Expert Advisor uses the news to exit trading positions and therefore cannot be tested in the strategy tester. Please remember to change the “WorkMode” settings to “mode_Real” for the EA to work. The Expert Advisor will connect to news web sites and therefore you have to tick the “Allow WebReque
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Experts
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Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position management algorithm. Main goal of Diamond PRO
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Jmd1937
64
Jmd1937 2022.11.17 17:53 
 

Didn't run it for long, was impatient with the performance. Now after testing/demo'ing lots of other EAs coming back to this one, in demo and bringing patience, 'cause the stat is good (2.5 pf)- thanks! going to try others now as well!

saomaiap
164
saomaiap 2022.06.20 09:00 
 

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