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Bollinger Bands EA

(11 customer reviews)

£15.00£30.00

Unlock the full potential of your trading strategy with Bollinger Bands EA. Moreover, this advanced expert advisor leverages Bollinger Bands to make precise trading decisions, ensuring optimal entries and exits. Furthermore, featuring customizable lot sizes, take profit and stop loss settings, and an optional Martingale system, it offers flexibility and robust risk management. Additionally, it is perfect for traders seeking automation and enhanced performance.

Trading Guidelines

☑️ Suitable instruments: Forex, Commodities, Indices, Stocks and Crypto
☑️ Suitable timeframes: Daily, 4 Hours, 1 Hours, 30 Minutes, 15 Minutes, 5 Minutes

Software Information

☑️ Unlimited Installations
☑️ Lifetime Licence
☑️ All currency pairs

Guaranteed Safe Checkout
  • Our expert advisor comes without preset input parameters, giving you the freedom to backtest and find the best settings that fit your trading style, ultimately helping you achieve success.

Revolutionize Your Trading with Bollinger Bands EA

Discover the power of automated trading with the Bollinger Bands EA (Expert Advisor) for MT4 (Metatrader 4) by KOKOSHELL.
Consequently, this advanced expert advisor is designed to optimize your trading strategy. By leveraging the renowned Bollinger Bands indicator, it makes precise, profitable trades. Whether you are a novice or an experienced trader, Bollinger Bands Expert Advisor for Metatrader 4 offers the tools you need to enhance your trading efficiency and achieve consistent results.

Unlock the power of market volatility with our expert guide on trading Bollinger Bands Indicator! Dive into a world where profit meets simplicity through the Bollinger Bands EA, tailored for both new and experienced traders. This guide offers a deep dive into effective strategies, from setting up your trades to optimizing your EA for maximum returns. Equip yourself with tools for smart risk management and learn how to adjust trading parameters for optimal performance. Whether you’re aiming to enhance your trading skills or searching for consistent profitability, our comprehensive guide on Bollinger Bands EA is your pathway to success. Start mastering the art of trading by visiting How to Be Profitable and Make Money Trading Bollinger Bands Indicator. Transform your trading today!

How It Works: Automated Trading Simplified

Bollinger Bands EA operates by analyzing market conditions using Bollinger Bands, a popular technical indicator that measures market volatility and identifies potential entry and exit points. Consequently, the EA automatically opens buy or sell orders when the price crosses above or below the Bollinger Bands.
Moreover, it features adjustable parameters for lot size, take profit, stop loss, and trailing stops, allowing you to customize the EA to fit your trading style. Additionally, an optional Martingale strategy can be activated to increase lot sizes after losses, aiming to recover previous losses and secure profits. Furthermore, this comprehensive approach ensures your trades align with market movements.

Key Features: Advanced Features for Maximum Trading Efficiency

  • Bollinger Bands Strategy: Utilizes Bollinger Bands to provide accurate market analysis and generate reliable trading signals.
  • Customizable Parameters: Adjust lot sizes, take profit, stop loss, and trailing stops to align with your trading preferences.
  • Martingale System: An optional feature that increases lot sizes after losses, designed to recover losses and achieve profits.
  • Risk Management: Includes settings for maximum total trades, trailing stops, and a close-on-opposite-signal feature to effectively manage risk.
  • Automated Trading: Executes trades automatically based on your predefined settings, saving time and reducing emotional decision-making.

Why Choose Bollinger Bands EA: Superior Trading Performance and Flexibility

Bollinger Bands EA for Metatrader 4 stands out for its reliability, flexibility, and robust performance. Consequently, it is designed to cater to both conservative and aggressive trading styles. Therefore, it provides comprehensive control over your trading strategy.
Furthermore, with its user-friendly interface and advanced features, Bollinger Bands Expert Advisor enables traders to maximize their trading potential and achieve consistent results. Consequently, choose Bollinger Bands Expert Advisor for an enhanced trading experience and a competitive edge in the forex market.

Enhance Your Trading with Advanced Automation

Experience the future of forex trading with Bollinger Bands MT4 EA by KOKOSHELL. By integrating advanced technical indicators and customizable strategies, this expert advisor empowers you to make informed and profitable trades. Therefore, optimize your trading strategy, manage risk effectively, and achieve consistent success with Bollinger Bands MT4 Expert Advisor. Consequently, visit KOKOSHELL to learn more and start your journey towards automated trading excellence today.

Expert Advisor Settings:

  1. Lot size for trading: Defines the amount of currency to be traded in each position. For example, if set to 0.1, each trade will be for 0.1 lots.
  2. Take Profit in Points: Defines the number of points at which a trade will automatically close in profit.
  3. Stop Loss in Points: Defines the number of points at which a trade will automatically close to limit losses.
  4. Trailing Start in Points: The number of points in profit a trade must reach before the trailing stop mechanism is activated.
  5. Trailing Stop in Points: The number of points to trail the stop loss behind the current price once the trailing start is activated.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum Total Trades: The maximum number of trades that can be open at any one time.

Indicator Settings:

  1. Period for Bollinger Bands: The number of periods used to calculate the Bollinger Bands.
  2. Standard Deviation for Bollinger Bands: The number of standard deviations away from the moving average to set the Bollinger Bands.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like Bollinger Bands helps in identifying optimal entry and exit points. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

Expert Advisor Settings:

  1. Lot size for trading: Defines the amount of currency to be traded in each position. For example, if set to 0.1, each trade will be for 0.1 lots.
  2. Take Profit in Points: Defines the number of points at which a trade will automatically close in profit.
  3. Stop Loss in Points: Defines the number of points at which a trade will automatically close to limit losses.
  4. Trailing Start in Points: The number of points in profit a trade must reach before the trailing stop mechanism is activated.
  5. Trailing Stop in Points: The number of points to trail the stop loss behind the current price once the trailing start is activated.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum Total Trades: The maximum number of trades that can be open at any one time.
  8. Close On Opposite Signal: Determines whether to close trades when an opposite trading signal is generated. If set to true, the EA will close open trades when the conditions for an opposite trade are met.

Indicator Settings:

  1. Period for Bollinger Bands: The number of periods used to calculate the Bollinger Bands.
  2. Standard Deviation for Bollinger Bands: The number of standard deviations away from the moving average to set the Bollinger Bands.

Martingale Settings:

  1. Activate Martingale Yes/No: Determines whether the Martingale strategy is enabled. If set to true, the Martingale strategy will be used.
  2. Lot Multiplier for Martingale Trades: The factor by which the lot size is increased after a losing trade.
  3. Step for Martingale in Pips: The number of pips of loss required to trigger the next Martingale trade.
  4. Maximum Martingale Total Trades: The maximum number of Martingale trades that can be open at any one time.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like Bollinger Bands helps in identifying optimal entry and exit points. Enabling and configuring the Martingale settings can help recover losses, but must be used cautiously due to the high risk involved. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

In the latest v.5 of the Bollinger Bands EA, two new input parameters have been introduced to significantly enhance risk management and trading efficiency: Daily Target Settings and Time Settings. These features provide traders with advanced control over their trading activities, ensuring disciplined and optimized trading strategies. By setting specific parameters for daily profit and loss limits, as well as defining precise trading hours, these new settings help traders achieve consistent success while minimizing risks. Below, we explore the detailed functionalities of these settings and their importance in effective trading.

Daily Target Settings

  1. Activate Max Daily Loss: This parameter enables the feature to set a maximum loss limit for the day. By activating this setting, traders can ensure that their total daily losses do not exceed a predefined threshold, protecting their capital from significant drawdowns.
  2. Maximum Daily Loss in USD: This setting defines the maximum allowable loss in USD for a single trading day. If the total losses reach this amount, the EA will stop opening new trades, preventing further losses and helping to preserve the trading account.
  3. Activate Max Daily Profit: This parameter enables the feature to set a maximum profit target for the day. Activating this setting allows traders to lock in their profits once a certain profit level is achieved, ensuring that gains are secured without the risk of market reversals eroding the profit.
  4. Maximum Daily Profit in USD: This setting specifies the maximum profit target in USD for a single trading day. Once this profit target is met, the EA will halt trading activities, thereby securing the gains for the day and preventing overtrading.

Time Settings

  1. Enable Open/Close Time: This parameter allows traders to define specific times during which trades can be opened. By enabling this setting, traders can restrict trading activities to specific hours of the day, aligning trading operations with preferred market conditions or personal schedules.
  2. Open Trades Time (HH:MM): This setting specifies the exact time when the EA is allowed to start opening new trades. It ensures that trades are initiated only during the predefined trading window.
  3. Close Trades Time (HH:MM): This setting defines the exact time when the EA should stop opening new trades. By setting a closing time, traders can avoid entering new positions late in the day or during less favorable market conditions.
  4. Enable Close All Time: This parameter activates the feature to close all open trades at a specific time. It ensures that no trades are left open beyond a certain time, thereby avoiding overnight risks or unplanned exposure.
  5. Close all Trades Time (HH:MM): This setting specifies the exact time when all open trades should be closed. It helps in wrapping up trading activities for the day and managing the risks associated with holding positions beyond the intended trading hours.

The introduction of Daily Target Settings and Time Settings in v.5 of the automated trading software represents a significant advancement in trading risk management. The Daily Target Settings allow traders to cap daily losses and secure profits, ensuring that trading activities remain within safe and predefined limits. This is crucial for preserving capital and maintaining a disciplined approach to trading. The Time Settings offer traders the ability to control trading windows, aligning their activities with optimal market conditions and personal schedules. By defining precise trading hours and ensuring that trades are not left open beyond intended periods, these settings help minimize risks associated with unfavorable market conditions and overexposure. Together, these new features provide a robust framework for achieving consistent and profitable trading outcomes, making them indispensable for traders aiming to optimize their strategies and enhance their trading success.

Install the Expert Advisor

  1. Download and Run MetaTrader 4 App
    • Visit the MetaTrader 4 official website and download the application.
    • Follow the installation instructions to set up MetaTrader 4 on your computer.
  2. Select ‘File’ from the Main Menu
    • Open MetaTrader 4 and look at the top menu bar.
    • Click on ‘File’ to open a dropdown menu.
  3. Open Data Folder
    • From the dropdown menu, click on ‘Open Data Folder.’ This action will open a new folder panel.
  4. Navigate to the ‘MQL4’ Folder
    • Inside the new folder panel, find and open the ‘MQL4’ folder.
    • Within ‘MQL4,’ locate the ‘Experts’ folder.
  5. Drag and Drop Your EA File
    • Drag and drop your Expert Advisor (EA) file into the ‘Experts’ folder.
  6. Restart MetaTrader 4
    • Close and reopen MetaTrader 4 to apply the changes and load your EA.

Verify Broker Compatibility

  • Ensure your broker supports EAs and has no restrictions on automated trading.

Backtest the EA's Strategy

  1. Open Strategy Tester Terminal
    • In MetaTrader 4, press Ctrl + R or go to ‘View’ and select ‘Strategy Tester.’
  2. Select the EA from the Dropdown
    • In the Strategy Tester panel, choose your EA from the dropdown menu.
  3. Configure the Backtest Settings
    • Select the symbol (currency pair) you want to test.
    • Choose the model (e.g., every tick) and set the date range for your test.
  4. Adjust Expert Properties
    • Click on ‘Expert Properties’ to adjust the input parameters of your EA, such as LotSize, TakeProfitPoints, and StopLossPoints.
    • For each parameter, define a Start value (initial value), a Step value (increment value), and an End value (maximum value). This allows the Strategy Tester to run multiple iterations with different parameter settings to find the optimal configuration.
  5. Run the Backtest
    • Click ‘Start’ to run the backtest. MetaTrader 4 will simulate trades based on historical data.
  6. Analyze Optimization Results
    • After the backtest completes, go to the ‘Optimization Results’ tab to review the performance metrics and results.

Set Up a Demo Account

  • Create a demo account in MetaTrader 4 to test your EA in real market conditions without risking real money.

Run the Expert Advisor

  1. Ensure AutoTrading is On
    • In MetaTrader 4, make sure the ‘AutoTrading’ button on the toolbar is activated (green).
  2. Enable Automated Trading
    • From the menu, navigate to ‘Tools’ > ‘Options’ > ‘Expert Advisors.’
    • Ensure ‘Allow automated trading’ is checked.
  3. Load the EA onto a Chart
    • Open a chart for the desired symbol and timeframe.
    • Drag and drop your EA from the Navigator panel onto the chart.
  4. Adjust Settings Based on Backtest Results
    • Open the EA settings and adjust parameters to match the optimal settings found during backtesting.
    • Set the risk parameters to align with your trading strategy and risk tolerance.

Monitor and Adjust the EA

  • Continuously monitor the EA's performance, especially in the initial phase.
  • Make adjustments as needed based on performance and changing market conditions.

Learning and Support Resources

  • Utilize forums, tutorials, and support communities to learn more about using EAs and troubleshooting issues.

Getting started with your Expert Advisor involves a systematic process of installation, backtesting, and execution. Installing the EA on MetaTrader 4 is straightforward but crucial, ensuring that the platform recognizes and can run your EA. Backtesting is an essential step that allows you to evaluate the performance of your EA against historical data, providing insights into its potential profitability and risk management. By analyzing optimization results, you can fine-tune your EA’s parameters for optimal performance. Finally, running the EA on a live chart requires enabling auto-trading and carefully adjusting settings to reflect the findings from your backtesting phase. This meticulous approach not only helps in understanding how the EA operates but also in achieving consistent and successful automated trading results. Backtesting, in particular, is vital as it helps in identifying strengths and weaknesses in your strategy, allowing for informed adjustments before risking real capital. With careful setup and continuous monitoring, your journey into automated trading can be both rewarding and educational.

11 reviews for Bollinger Bands EA

  1. William Brown

    Decent, but had some issues with setup.

  2. Chloe Davis

    This EA is perfect for my trading!

  3. Daniel Garcia

    Good performance, but could use better documentation.

  4. Lucas Johnson

    Excellent results, highly accurate.

  5. Sofia Lewis

    Useful, but could be more intuitive.

  6. Ethan Martinez

    Fantastic tool for both new and experienced traders.

  7. Isabella Clark

    Good EA, but takes some getting used to.

  8. Liam Smith

    Great performance, easy to set up.

  9. Emily Walker

    Helped improve my trading consistency.

  10. Noah Brown

    Excellent tool, very reliable.

  11. Robert Williams

    This trading advisor has exceeded all my expectations. The setup was seamless, and it immediately started delivering impressive returns. The strategy it uses is highly effective, and the risk management ensures my investments are safe. My trading experience has never been more profitable and stress-free. I can’t recommend it enough!

Only logged in customers who have purchased this product may leave a review.

How do I configure the settings for Bollinger Bands EA?

To configure Bollinger Bands EA, adjust the input parameters such as lot size, take profit, stop loss, trailing start and stop points, Bollinger Bands settings, and Martingale settings. These parameters can be customized to match your trading strategy and risk management preferences.

What strategy does Bollinger Bands EA use?

Bollinger Bands EA uses the Bollinger Bands indicator to determine trade entry points. It opens sell orders when the price crosses above the upper band and buy orders when the price crosses below the lower band. The EA also uses trailing stops and Martingale strategies if enabled.

How can I backtest Bollinger Bands EA?

To backtest Bollinger Bands EA, use the MetaTrader 4 Strategy Tester. Input your desired settings and run the backtest on historical data. Analyze the performance metrics such as profit factor, drawdown, and win rate to evaluate the EA's effectiveness and make necessary adjustments.

What indicators are utilized by Bollinger Bands EA?

Bollinger Bands EA utilizes the Bollinger Bands indicator to identify overbought and oversold conditions. The EA uses the upper and lower bands to determine when to enter sell and buy trades, respectively.

How does the trailing stop feature work in Bollinger Bands EA?

The trailing stop feature in Bollinger Bands EA adjusts the stop loss level as the trade moves in favor of the trader. It starts trailing when the profit reaches the specified start point and moves the stop loss closer to the current price, securing profits and minimizing losses.

What is the role of the Martingale strategy in Bollinger Bands EA?

The Martingale strategy in Bollinger Bands EA increases the lot size after each losing trade to recover losses. The EA multiplies the lot size based on the specified multiplier and opens new trades at defined intervals. This strategy can help recover losses but also increases risk.

How do I manage risk with Bollinger Bands EA?

Manage risk by setting appropriate stop loss levels, limiting the maximum number of open trades, and adjusting the lot size. Regularly review and optimize the EA settings through backtesting to ensure they align with your risk tolerance and trading goals.

Can I close trades based on opposite signals with Bollinger Bands EA?

Yes, Bollinger Bands EA has a "Close on Opposite" feature that closes trades when an opposite signal is generated. Enable this feature to automatically close buy trades when a sell signal appears and vice versa, helping to manage open positions effectively.

How often should I update the EA's settings?

Update the EA's settings regularly, especially after significant market changes or economic events. Continuous optimization through backtesting and forward testing helps ensure the EA remains effective in current market conditions.

What should I do if the EA is not performing well?

If the EA is not performing well, review the trading logs and performance metrics to identify issues. Consider adjusting the settings, such as stop loss, take profit, and Bollinger Bands parameters. Regular backtesting and forward testing can help refine the strategy.

How does Bollinger Bands EA handle multiple open trades?

Bollinger Bands EA limits the total number of open trades based on the "MaxTotalTrades" parameter. It ensures that the total number of buy and sell trades does not exceed this limit, helping to manage risk and exposure in the market.

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