EasyBot Bollinger Bands
- Experts
- MARIO DANIELE SCRETI
- Versão: 1.25
- Atualizado: 20 março 2023
About the Bollinger Bands
The Bollinger Bands indicator was invented by John Bollinger in the 1980s. The Bollinger Bands consist of a Moving Average, an Upper and a Lower Band and is included in Metatrader 5. The default settings are 20 for the period and 2 for the deviation.
EasyBot Bollinger Bands is an expert advisor developed with the idea to be useful for traders who love to trade using the popular indicator Bollinger Bands. EasyBot Bollinger Bands has very simple trading logic. When the price reaches the Bollinger Bands upper line, the EA opens a SELL position. When the price reaches the Bollinger Bands lower line, the EA opens a BUY position.
To maintain the position you can use the Stop Loss or the Averanging Martingale Grid System.
It can be used with any currency pairs, but you must do your own optimization.
Please note that this EA isn't a "set and forget" EA. Also because a "set and forget" EA is just a myth, like the holy grail.