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Easy Bollinger Bands

4.67

This Expert Advisor trades based on the Bollinger Bands indicator. It performs trades after a price rebound from the borderlines of the indicator. It is simple to use, contains only a few settings, which are easy to understand. This is the simplified version of the Master Bollinger Bands Expert Advisor.

For better trading results, it is recommended to use the full version of the EA: https://www.mql5.com/en/market/product/21788

The free version does not provide the ability to use multiple indicators, to use lot calculation based on free margin and to automatically transfer deals to breakeven. Nevertheless, it can be used for daily trading. It does not use risky trading methods, it can trade most of the currency pairs and timeframes once optimized.


Input parameters

  • Lots - lot size (if Lots=0, then the lot will be calculated based on the percentage of account free margin);
  • MaxSpread - the maximum allowable spread to open trades (for floating-spread symbols, to avoid opening with a large spread);
  • Magic - unique identifier (use different magic numbers if multiple Expert Advisors run in your terminal);
  • StopLoss - stop loss in points;
  • TakeProfit - take profit in points;
  • BollingerPeriod - Bollinger Bands period;
  • BollingerDeviations - Bollinger Bands deviations;
  • AdxPeriod - ADX indicator period;
  • MinAdxLevel - ADX indicator minimum level;
  • MaxAdxLevel - ADX indicator maximum level;
  • Trading start hour - trading start hour;
  • Trading end hour - trading end hour;
  • ShowInfo - enable the display of information.
Avis 10
katren soresco
40
katren soresco 2018.06.04 11:39 
 

test for 2 week, Ea is ok

Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.21 09:41 
 

Good job.

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This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals Brief description of the trading strategy: when the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). Similarly, opposite for growth. In case other indicato
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Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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Alexander Nikolaev
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Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. It works on any currency pair. Parameters HistoryBars - the number of bars to determine the near volume levels; Range - the maximum distance above and below the current price t
ProCandles
Alexander Nikolaev
Some experienced trades can tell where the price will go even without indicators, as the direction of the price can be found using the ordinary candlesticks. The EA compares several nearest bars and their volumes, and opens a trade based on that data. Also, it is able to analyze the candles on two timeframes at the same time to make the entry more accurate and less risky. In addition, the EA can automatically determine the take profit and stop loss size depending on the size of the previous cand
Colored candles
Alexander Nikolaev
Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi
It is good to know the presence of a trend on multiple timeframes at once. And even better - on multiple currency pairs at once. This indicator allows to quickly determine the presence of a trend or a flat on 8 timeframes and from 1 to 15 currency pairs at once. Multi Alligator Signals analyzes the signals of the Alligator indicator by Bill Williams on every timeframe (from M1 to W1) and multiple currency pairs (up to 15) simultaneously. If there is a buy signal, a green upward arrow is drawn, i
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agrushev777
2328
agrushev777 2024.02.19 19:25 
 

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Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.21 09:41 
 

Good job.

Victor Manuel Valderrama Zamora
7934
Victor Manuel Valderrama Zamora 2018.12.16 00:32 
 

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katren soresco
40
katren soresco 2018.06.04 11:39 
 

test for 2 week, Ea is ok

Matthew Todorovski
12938
Matthew Todorovski 2018.05.02 17:28 
 

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Andrey Litvichenko
7575
Andrey Litvichenko 2017.10.21 08:25 
 

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Aleksej Kravcenko
1927
Aleksej Kravcenko 2017.09.08 12:52 
 

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Ali irwan
5135
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Nork
6193
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Répondre à l'avis
Version 1.5 2019.02.06
Added clues that appear after placing the advisor or his settings. You can disable by set ShowInfo = false.
Version 1.4 2019.01.30
More information is displayed.
Version 1.3 2019.01.19
Some corrections are made.
Version 1.2 2017.06.06
Removed minimum deposit limitation (100 USD).
Version 1.1 2017.05.19
Fixed the comment when opening a deal.