The EA uses standard MT4 indicators Bollinger Bands, CCI, RSI, RVI, Force Index, Moving Average, DeMarker, MACD, OsMA, Stochastic, WPR, Money Flow Index. The EA checks indicator values on the past or current bar (can be selected in the settings: 1 - past bar, 0 - current) and if they match, it opens an order. Deals are closed either by sl or tp. During backtesting the EA passed through all ... Submit by joy22 Time Frame:15 or higher. Pairs:all. Indicators:. Bollinger Bands (2, 20); RSI (11) Long Entry: When the RSI drops above 70, the RSI drops above the 'higher Bollinger Band' and when the Price drops above the 'HigherBollinger Band'. The Bollinger Bands EA is a forex robot which uses Bollinger Bands to enter a trade. It has 2 different entry strategies. BreakOut: If the last bar closes above the upper band it enters a Sell Order. If the close of the last bar is below the lower band a Buy Order is generated. Breakout scalping with bollinger bands: FOREX strategy. Once price breaks the bollinger bands tunnel, it tends to move for a few pips more. This tendency, is utilized for scalping in this forex strategy. We will be looking for a 5 - 10 pips of profit. Risk reward ratio is negative. However strategy can offer very high win ratio. Strategy is provided with free expert advisor. Used tools and ... Bollinger Bands Breakout with Elliott Waves. Another great way to use Bollinger Bands is to integrate the indicator with the Elliott Waves theory. This is one of the most popular trading theories that exists. It is well-known for the fact that it is incorporating human behavior/nature in the analysis. The Bollinger Band Breakout Forex Trading Strategy is also a simple trading system to understand and implement. In this strategy, we are taking advantage of market volatility and support and resistance levels.. The support and resistance levels give us price structure to zero in on in order to keep yourself from trading just anywhere on the chart. Breakout Bands EA Results: Deposit: $250 Leverage: 1:2000 The test time: 13 months. Total trades: 24 Average trades per month: 2 Total profit: $2,604,830 I tested on real Forex account!
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Hi guys, in this video I will be sharing a trading strategy based on Bollinger band squeeze and breakout. This strategy can be used in any markets be it equi... Bollinger Bands is a versatile trading indicator (created by John Bollinger). And in this video, you'll learn: 1. What is the Bollinger Band indicator and ho... This indicator is a simple Bollinger Bands indicator with the addition of alert features. You can be notified if the price breaks out of the bollinger bands.... How To Install Forex Indicators and EA Expert Advisors and Save as a Template on MT4 ... Bollinger Bands Breakout Strategy: Does It Work? - Duration: 8:28. David Moadel 1,566 views. 8:28. The ... Bollinger bands explained simply and understandably. / Tutorial trading strategy indicator beginners - Duration: 12:41. David Moadel 208,779 views