Bollinger Bands EA
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KT Bollinger Bands EA
MT4 | MT5

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Specs
Release date:September 17, 2019
Last updated:October 10, 2019
Current version:1.1
Product type:Expert Advisor
Requirements:MT4 | MT5
  • Description
  • Comments

KT Bollinger Bands EA incorporated a mean reversion trading strategy using the Bollinger bands during the period of low volatility. Price often reacts at the upper or lower line of Bollinger bands, but a reversal not always occurs. However, there is more chance of price reversal during the time of low volatility.

Trade Entries
  • A buy trade is activated when price correctly aligns below the bottom line of Bollinger bands.
  • A sell trade is activated when price correctly aligns above the upper line of Bollinger bands.

Trade Exits
  • EA closes the active trades at the end of the period of low volatility.
  • Exits at stop loss or take profit.


KT Bollinger bands ea offers a popular Bollinger bands strategy with a lot of advancements and ability to fine-tune the strategy using the inbuilt filters like trend filter, volatility filter, Vortex, MMI, and Day filter.

Input Parameters

  • ----- Configure Strategy Settings -----
  • Bollinger bands Period, Bands shift, Bands deviation
  • Start Hour
  • End Hour
  • GMT offset
  • ----- Configure Trade Settings -----
  • Lot Size Method : Fixed Lot Size | Auto Lot Size
  • Risk Per Trade : Risk percentage per trade.

  • ----- Choose Exit Settings -----
  • Stoploss Method: no stoploss | volatility | in pips
  • Take Profit Method: no take profit | volatility | in pips
  • SL Trailing Method: no SL trailing | volatility | in pips

  • ----- Set the Filters -----
  • Trend Filter: true|false
  • Volatility Filter: true|false
  • Vortex Filter  true|false
  • MMI Filter: true|false

  • ----- Configure the Day Filter -----
  • Trade on Monday: true | false
  • Trade on Tuesday: true | false
  • Trade on Wednesday: true | false
  • Trade on Thursday: true | false
  • Trade on Friday: true | false

  • ----- Miscellaneous Settings -----
  • Max Loss Protection : true|false
  • Logging : true | false (EA logs all its operation in the journal tab)

Screenshots

{"autoplay":"false","autoplay_speed":"1000","speed":300,"arrows":"true","dots":"true"}

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