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EasyBot Bollinger Bands

4.5
EasyBot Bollinger Bands EA

EasyBot Bollinger Bands Expert Advisor

EasyBot Bollinger Bands is a semi-automatic trading system built for MetaTrader 5, leveraging the renowned Bollinger Bands indicator developed by John Bollinger in the 1980s. The Bollinger Bands consist of three lines: a simple moving average (usually set to 20 periods) as the middle band, and two outer bands calculated by adding/subtracting a set number of standard deviations (typically 2) from the moving average. This indicator helps traders identify potential overbought or oversold market conditions.

Trading Logic:

EasyBot Bollinger Bands employs a straightforward trading strategy:

  • SELL Signal: When the price touches or crosses the upper Bollinger Band, the EA interprets this as an overbought signal and opens a SELL position, anticipating a reversal or price correction.
  • BUY Signal: When the price touches or crosses the lower Bollinger Band, the EA views this as an oversold signal and opens a BUY position, expecting the price to bounce back upwards.

Risk Management Options:

  • Stop Loss: Traders can set a predefined Stop Loss level to cap potential losses in case the market doesn't reverse as expected.
  • Averaging Martingale Grid System: Alternatively, EasyBot offers a Martingale grid strategy for those who prefer a more aggressive approach. If the price moves against the initial position, the EA will open additional positions at specific intervals, increasing the lot size based on a Martingale progression. This method seeks to average down the entry price and close all positions once the price reverts.

Flexibility and Adaptation:

  • Currency Pairs: EasyBot Bollinger Bands is compatible with any currency pair. However, it’s crucial for traders to perform their own optimization for the specific market they intend to trade, adjusting parameters like the Bollinger Bands period, deviation, and risk settings according to market conditions.
  • Non-"Set and Forget": EasyBot is not a "set and forget" system. The market’s dynamic nature demands that traders monitor the system regularly, adjusting parameters and risk management strategies as needed. It serves as a tool to assist traders but doesn’t promise long-term profitability without human intervention.

Key Features:

  • Customizable Settings: Users can adjust the Bollinger Bands parameters and tailor the EA's behavior based on their trading style and risk tolerance.
  • Flexible Risk Management: Offers both conservative (Stop Loss) and aggressive (Martingale) risk management techniques.
  • Market Versatility: Works across multiple asset classes, from major currency pairs to more exotic ones, provided that proper backtesting and forward-testing have been done.

Input Parameters

Variable Description
MagicNumber A unique identifier for differentiating trades from other EAs.
Direction Specifies whether the EA trades Buy, Sell, or Both directions.
Take Profit Sets the target profit level in pips for closing a trade.
Stop Loss Sets the stop loss level in pips. 0.0 indicates no stop loss is used.
Lot Size The fixed lot size for trades (if Auto Lot is disabled).
Auto Lot If set to true, the lot size will be automatically calculated based on account balance.
0.01 Lot for each xBalance Used when Auto Lot is enabled. For every 1000 units of account balance, 0.01 lots are traded.
Use Martingale Enables the Martingale strategy to increase lot size after a losing trade.
Grid Spacing Distance between grid levels in pips.
Lot Multiplier Increases lot size by this factor in the Martingale system.
Max Trades for Martingale Averaging Limits the number of trades that can be opened in Martingale averaging.
Begin to trade Hour The hour at which the EA begins trading.
Begin to trade Minute The minute within the start hour when the EA begins trading.
End to trade Hour The hour at which the EA stops trading for the day.
End to trade Minute The minute within the end hour when the EA stops trading.
TradeMonday Enables trading on Monday.
TradeTuesday Enables trading on Tuesday.
TradeWednesday Enables trading on Wednesday.
TradeThursday Enables trading on Thursday.
TradeFriday Enables trading on Friday.


With this set of customizable inputs, EasyBot Bollinger Bands 1.30 offers flexible and powerful tools for automated trading using Bollinger Bands and Martingale strategies.

Disclaimer:

While EasyBot Bollinger Bands is designed to follow a logical and systematic trading process, it is not a foolproof system. As with any trading tool, there are risks involved, and traders should use proper risk management techniques. The notion of a "set and forget" EA, or a "holy grail" strategy, is a myth; successful trading requires continual adaptation and attention to market conditions.

Live Signal

As I mentioned before, I don't believe in the idea of a "set and forget" EA that can generate massive profits in the long term. That said, I’ve launched a live signal using the default parameters (M15 TimeFrame) to see how it actually performs in real market conditions. This way, we can observe how it handles key factors like major macroeconomic events, slippage, and other unpredictable elements that could cause the EUR/USD to swing in both directions. It’s a real test to see how it behaves when the market gets tough.




Comentarios 3
Dan Kearney
18
Dan Kearney 2024.10.09 00:29 
 

This has been a great EA for me. Constant returns. I don’t often leave reviews but in this case I feel compelled to. That you are giving it away for free is commendable. Thank you.

489576
14
489576 2024.11.02 08:43 
 

wonderful

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The Executor AI Ultra X expert advisor is designed for algorithmic trading in the gold market, utilizing three independent trading strategies. Its architecture incorporates advanced deep learning algorithms, such as Deep Q-Learning (DQN) and Time-Delay Neural Network (TDNN), providing high adaptability and analytical precision. DQN, based on reinforcement learning techniques, enables the expert advisor to optimize decision-making algorithms by simulating historical data and analyzing current mar
Aura Neuron MT5
Stanislav Tomilov
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FX EurUsd Robot MT5
Marzena Maria Szmit
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AI NoX EA is an innovative Forex expert advisor that combines advanced neural networks technologies with high-volume trading and Matrix factorisation .The advisor uses complex algorithms to decompose large sets of market data, uncovering hidden patterns and correlations between various financial instruments. Details about Advisor Development Configuring the Advisor The price of the advisor will increase significantly as I have allocated a specific number of copies. I will adjust the price as sal
Boring Pips MT5
Thi Thu Ha Hoang
4.71 (28)
¿Alguna vez te has preguntado por qué la mayoría de los asesores expertos no son efectivos en el trading en vivo, a pesar de su perfecto rendimiento en las pruebas retrospectivas? La respuesta más probable es el sobreajuste. Muchos EAs se crean para 'aprender' y adaptarse perfectamente a los datos históricos disponibles, pero fallan en predecir el futuro debido a la falta de generalización en el modelo construido. Algunos desarrolladores simplemente desconocen la existencia del sobreajuste, o l
A muchas personas les gusta el comercio con XAUUSD, y yo no soy una excepción. Después de acumular algo de experiencia comercial y trabajo duro, creé este EA Apocalypse XAU específicamente para operar con todas las variedades relacionadas con XAU, como   XAUUSD/XAUEUR/XAUGBP/XAUCHF /XAUJPY/XAUAUD. Sin embargo, considerando que muchas personas pueden no necesitar operar con todos los pares de divisas XAU, sino solo con XAUUSD, un EA de nivel de entrada se vuelve muy significativo. Entonces decidí
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AW Trading Software Limited
4.16 (37)
El Asesor Experto es un sistema diseñado para recuperar posiciones no rentables. El algoritmo del autor bloquea una posición perdedora, la divide en muchas partes separadas y cierra cada una de ellas por separado. La configuración fácil, el lanzamiento retrasado en caso de reducción, el bloqueo, la desactivación de otros asesores expertos, el promedio con filtrado de tendencias y el cierre parcial de una posición perdedora están integrados en una sola herramienta. Es el uso de cierre de pérdidas
Tecnología impulsada por IA con ChatGPT Turbo Infinity EA es un asesor experto de trading avanzado diseñado para GBPUSD y XAUUSD. Se centra en la seguridad, los retornos consistentes y la rentabilidad infinita. A diferencia de muchos otros EA, que se basan en estrategias de alto riesgo como la martingala o el trading en cuadrícula, Infinity EA emplea una estrategia de scalping disciplinada y rentable basada en una red neuronal integrada sobre aprendizaje automático, tecnología basada en intelig
The Gold Phoenix
William Brandon Autry
5 (2)
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GbpUsd Robot MT5
Marzena Maria Szmit
5 (1)
The GBPUSD Robot MT5 is an advanced automated trading system meticulously designed for the specific dynamics of the   GBP/USD   currency pair. Utilizing advanced technical analysis, the robot assesses historical and real-time data to   identify potential trends , key support and resistance levels, and other relevant market signals specific to GBP/USD.  The Robot opens positions  every day,  from Monday to Friday, and  all positions are secured  with Take Profit, Stop Loss, Trailing Stop, we incl
El sistema de inteligencia artificial analiza una variedad de indicadores, incluidos fractales, volúmenes, acción del precio y decide tomar una posición. No utiliza cuadrícula ni martingala. Ha sido probado con éxito durante más de 10 años de historia. Scalper AI utiliza dos estrategias para realizar órdenes pendientes en puntos cruciales del mercado. La primera estrategia utiliza fractales específicos de dos períodos de tiempo diferentes y la segunda analiza la acción del precio en función del
Filtro:
489576
14
489576 2024.11.02 08:43 
 

wonderful

Vessou Dosso
18
Vessou Dosso 2024.10.18 23:43 
 

El usuario no ha dejado ningún comentario para su valoración

MARIO DANIELE SCRETI
3586
Respuesta del desarrollador MARIO DANIELE SCRETI 2024.10.19 01:03
Merci pour votre retour positif ! Je suis ravi que le robot vous plaise et qu'il réponde à vos attentes. N'hésitez pas à partager vos résultats ou à poser des questions si vous en avez. Bonne continuation et bons trades !
Dan Kearney
18
Dan Kearney 2024.10.09 00:29 
 

This has been a great EA for me. Constant returns. I don’t often leave reviews but in this case I feel compelled to. That you are giving it away for free is commendable. Thank you.

MARIO DANIELE SCRETI
3586
Respuesta del desarrollador MARIO DANIELE SCRETI 2024.10.09 00:52
Thank you so much for your feedback! I'm really glad to hear that the EA is delivering consistent results for you. My goal is to provide a valuable tool for traders, and it's great to know that you're benefiting from it. Keep up the great work!
Respuesta al comentario
Versión 1.30 2024.10.09
Modified AutoLot Mode
Versión 1.25 2023.03.20
Added option to use Martingale or not.
Versión 1.20 2023.02.26
Added trading hours
Versión 1.10 2023.02.18
Bugs fixed.