The brains behind this strategy — Viktor Fateev, with input from mq5 expert — barabashkakvn.
System Overview:
This EA isn’t my creation; it’s based on the work of Chuck LeBo and David Lucas.
Buying Rules:
1. The MA_Long should be trending upwards — this acts as a filter.
2. The closing price must break above the upper Bollinger Band (BB_Up).
3. When entering a buy, set your stop loss just below the lower Bollinger Band, minus a few buffer points.
Exit Strategy:
You’ll want to exit when the closing price crosses below the middle Bollinger Band.
Recommended Pair: GBP/USD on the H1 timeframe is where this strategy shines.
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