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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

Although I don’t believe that an Expert Advisor (EA) can bring in massive profits over the long term in a fully automated mode, I’ve decided to launch a live signal using the default parameters (TimeFrame M15). However, in addition to the EA’s automated work, I intervene in situations where a more in-depth analysis suggests particular risks or opportunities. In such cases, I apply a TrailingStop to optimize results. This hybrid approach allows me to see how the EA performs in real and unpredictable market conditions, balancing automation with the flexibility of human intervention to better handle events like macroeconomic news releases and sudden movements in EUR/USD.

https://www.mql5.com/en/signals/2263191

If you appreciate this EA and want to boost your earnings as a seller or introducing broker, you can purchase the source code here



리뷰 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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안녕하세요, 상인 여러분! 저는 Quantum 전문가 자문단에 가장 최근에 합류한 매우 강력한 구성원인 Quantum Queen입니다. 내 특기? 금. 예, 저는 XAUUSD 쌍을 정확하고 자신감있게 거래하여 빛나는 금 시장에서 비교할 수 없는 거래 기회를 제공합니다. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. 실시간 신호 1:   클릭 8월 31일까지   할인된   가격입니다.   10번 구매시마다 가격이 100달러씩 인상됩니다. 최종 가격 $999 Quantum EA 채널:       여기를 클릭하세요 ***Quantum Queen MT5를 구매하시면 Quantum StarMan 또는 Quantum Gold Emperor를 무료로 받으실 수 있습니다!*** 자세한 내용
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4.63 (8)
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Marco Solito
4.97 (60)
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Abhimanyu Hans
5 (3)
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4.92 (83)
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The Gold Reaper MT5
Profalgo Limited
4.28 (74)
소품 회사 준비 완료!   (   세트파일 다운로드   ) 출시 프로모션: 현재 가격으로 몇 장 남지 않았습니다! 최종 가격: 990$ 1EA를 무료로 받으세요(2개의 거래 계정에 대해) -> 구매 후 저에게 연락하세요 Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here New V2.2 Live Signal Old Live Signal 골드 리퍼에 오신 것을 환영합니다! 매우 성공적인 Goldtrade Pro를 기반으로 구축된 이 EA는 동시에 여러 기간에 걸쳐 실행되도록 설계되었으며 거래 빈도를 매우 보수적인 것부터 극단적인 변동까지 설정할 수 있는 옵션이 있습니다. EA는 여러 확인 알고리즘을 사용하여 최적의 진입 가격을 찾고 내부적으로 여러 전략을 실행하여 거래 위험을 분산시킵니다. 모든 거래에는 손절매와 이익 실현이 있지만, 위험을 최소화하고 각 거래의 잠재력을 극대화하기 위해 후행 손절매와 후
Aura Neuron MT5
Stanislav Tomilov
5 (3)
Aura Neuron은 Aura 시리즈 거래 시스템을 이어가는 독특한 전문가 자문입니다. 고급 신경망과 최첨단 클래식 거래 전략을 활용하여 Aura Neuron은 뛰어난 잠재적 성과를 가진 혁신적인 접근 방식을 제공합니다. 완전 자동화된 이 전문가 자문은 EURUSD 및 XAUUSD(GOLD)와 같은 통화 쌍을 거래하도록 설계되었습니다. 1999년부터 2023년까지 이러한 쌍에서 일관된 안정성을 입증했습니다. 이 시스템은 마팅게일, 그리드 또는 스캘핑과 같은 위험한 자금 관리 기술을 피하므로 모든 브로커 조건에 적합합니다. Aura Neuron은 다층 퍼셉트론(MLP) 신경망으로 구동되어 시장 추세와 움직임을 예측하는 데 활용합니다. MLP는 피드포워드 인공 신경망(ANN)의 한 유형으로, 특히 단일 숨겨진 계층으로 구성될 때 "바닐라" 신경망이라고도 합니다. MLP에는 입력 계층, 숨겨진 계층 및 출력 계층이라는 세 가지 필수 계층이 포함됩니다. 입력 노드를 제외한 각 뉴런은 비선
Index Sniper Pro MT5
Sachin Gautam
5 (8)
Introducing  Index Sniper Pro EA . It is a Fully Automatic Index US30 and S&P500(US500) System trading early US Open. No  Martingale,  No  Grid , No Averaging, No AI *******NEW FEATURES******* NAS100 Set File - WIP S&P500 Set File - Released  *******NEW FEATURE******* Buy only and Sell only Settings - Released Individual TSL and SL settings for Buy and Sell Orders - Released Current Price: $349--> (Next price $499) Live signal: With Default Settings on US30 and S&P500(US500) symbol https
Gold Harvest MT5
Abdul Jalil Mridah
4.33 (3)
Promotional s uper discount  for today   for few copies .  Prices may increase at any time. Final price will be 4999 USD. Set Files for Gold Harvest MT5   and  Live Signal Please just change Risk Level (1-80). No need other field change and Risk Level 2 = 2% risk for 1000 equity or above. It's only good works on XAUUSD H1 Timeframe. This robot is profitable. This robot requires minimum deposit of 100 equity. You can get good results with it. You can test it first . It will increase the volume i
제작자의 제품 더 보기
EasyBot BB Source Code
MARIO DANIELE SCRETI
In response to the high demand for purchasing the source code, I have decided to make it available directly on the MQL5 market. The offer also includes an additional 10 integrated strategies. Free EA  https://www.mql5.com/en/market/product/94243 The source code represents a unique resource for those looking to create or expand their business in the automated trading sector. With access to a range of consolidated and integrated strategies, it is an ideal tool for launching a business as an Expe
필터:
489576
14
489576 2024.11.02 08:43 
 

wonderful

Vessou Dosso
18
Vessou Dosso 2024.10.18 23:43 
 

사용자가 평가에 대한 코멘트를 남기지 않았습니다

MARIO DANIELE SCRETI
3428
개발자의 답변 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
3428
개발자의 답변 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!
리뷰 답변
버전 1.30 2024.10.09
Modified AutoLot Mode
버전 1.25 2023.03.20
Added option to use Martingale or not.
버전 1.20 2023.02.26
Added trading hours
버전 1.10 2023.02.18
Bugs fixed.