If you're looking to up your trading game, this Bollinger Bands Expert Advisor (EA) is a solid choice. Designed for use with MetaTrader 5, it employs a trend-following strategy using the Bollinger Bands® indicator to help you make informed trading decisions.
This EA has shown consistent profitability over the past 17 years in Strategy Tester, particularly on the EUR/USD M30 timeframe.
The Trading Strategy:
- Open a Long Position: When the DEMA is rising and a white (bullish) candle crosses the Lower Bollinger Band from below to above.
- Open a Short Position: When the DEMA is falling and a black (bearish) candle crosses the Upper Bollinger Band from above to below.
- Close a Long Position: When a black candle crosses the Upper Bollinger Band from above to below.
- Close a Short Position: When a white (bullish) candle crosses the Lower Bollinger Band from below to above.
Input Parameters:
- bands_period: The period for the Bollinger Bands.
- dema_period: The period for the DEMA.
- bands_shift: The shift for the bands.
- deviation: The standard deviation.
- Lot: The trade volume (in lots).
Recommendations:
Consider using this EA as a foundation for your own trading strategy. It's an excellent way to enhance your trading approach and improve your results!
Comments 0