MetaTrader 5 MT5 Expert Advisors An Expert Advisor, based on Bollinger Bands ® – EA MetaTrader 5

An Expert Advisor, based on Bollinger Bands ® – EA MetaTrader 5

This Expert Advisor is based on Bollinger Bands. It uses trend-following strategy (DEMA) and Bollinger Bands ® indicator.

It shows a stable profit in Strategy Tester during last 17 years (EURUSD M30).

The Strategy:
  • Open long position: DEМА is growing up and white (bull) candle crossed the Lower Bollinger Band from below to above.
  • Open short position: DEМА is falling down and black (bear) candle crossed the Upper Bollinger Band from above to below.
  • Close long position: Black candle crossed the Upper Bollinger Band from above to below.
  • Close short position: White (bull) candle crossed the Lower Bollinger Band from below to above.


An Expert Advisor, based on Bollinger Bands


An Expert Advisor, based on Bollinger Bands

Input parameters:
  • bands_period – Bollinger Bands period;
  • dema_period- DEMA period;
  • bands_shift- Bands shift;
  • deviation- Standard deviation;
  • Lot – Trade volume (in lots).
Alternative:   SFX_TOR_HTF - indicator MetaTrader 5

Recommendations:

Use this Expert Advisor as a base of your own strategy only.



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