Bollinger Bands

Simple RSI and Bollinger Bands Robot Okay you wanted me to do it so here it is. A YouTube subscriber with the name UndercoverStudio asked me if I could create an Expert Advisor that could place a trade based on two indicators for .

And this is what you should see, the current ask price is below the lower Bollinger band and the blue line of the RSI is below the dotted line. And if this is the case we use the comment function to print out the text oversold and below the lower band. Just like in case of the Envelopes, the interpretation of the Bollinger Bands is based on the fact that the prices tend to remain in between the top and the bottom line of the bands.

About the Bollinger Bands

Mql5 Bollinger Bands. I propose to discuss it! Click to post on this threadPossible pre-conditions for start the discussion: 1). Bollinger Bands® (BB) Bollinger Bands Technical Indicator (BB) is similar to Envelopes.

The Bollinger Bands indicator was invented by John Bollinger in the s. The default settings are 20 for the period and 2 for the deviation. It has 2 different entry strategies. Metatrader 4 Pro , is this the version of my metatrader client on computer? I have multiple accounts on same windows client , can I run it on each one? Metatrader 4 is the platform the EA is running on. Pro is the version of the EA. There are 3 versions. Basic, Advanced and Pro.

No, you need to install 2 or more MT4 instances and be logged in in all of them for the EA to trade. Hi, I am using the 1. Did you cancel this parameter? Can you add the third entery as when the canddle pass under the middle BB it will generate sell order and opposite for buy order to follow trend.

I think it will confirm the trend and have better outcome. Hi Yannick, is it possible to open more than 1 position by chart with the free version?? No, the basic and pro versions do only open one trade per chart. But it is possible to attach the EA multiple times to the same symbol using different settings and magicNumber. What I need is the EA open 1 position for each signal without closing the last positions when I am in negatif. See the functions glossary. Hello, I bought Bollinger Bands EA pro but does not have the Martingale function opens a single order, how can I set it to open more orders in increasing batch: The martingale function does not open multiple trades, it only increases or decreases the next trades.

Please read more about it here. Does this ea simultaneously open but and sell trade, like if sell trade was opened but not reached its TP, and then buy signal appears, will ea take a buy trade without closing sell trade? Is it possible to set an entry a number of pips outside the BB?

I would like to enter the trade when price is 12pips outside the band. Would I be able to do that with your EA? I already buy your pro version, I need to know how your martingale works, how to set up the martingale value, if we set the initial lots 0,02 with take profit pips, stop loss pips. It has no shift and the deviation is two, we want to use the close prices. The middle band would a one and the upper band would be a zero. We want to start from the current candle and we want to copy the information for the last three candles.

And because we used the close price we are going to calculate the lower band value for the last closed candle. So that would be the case if the blue line is below the dotted line here and we want to stack another if condition to find out if the current asked price is below the lower Bollinger value. And if this is the case we use the comment function to print out the text oversold and below the lower band. This is just the number of line feeds, so the text will appear in the middle of the chart.

Now mark the visualization option and hit the start key. And this is what you should see, the current ask price is below the lower Bollinger band and the blue line of the RSI is below the dotted line. So we see the oversold and below lower band text here on the chart. If one of the conditions fails the text will disappear. Okay now you know how to stack IF conditions and how to check two different kinds of indicators to find out if your entry condition is true!

And you have all done it with this little Expert Advisor here. This site uses cookies:

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