Bollinger Band: let's build a strategy together - page 4

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Creating an MQL5 Expert Advisor Based on the PIRANHA Strategy by Utilizing Bollinger Bands

Creating an MQL5 Expert Advisor Based on the PIRANHA Strategy by Utilizing Bollinger Bands

In this article, we will explore how to create an Expert Advisor (EA) in MetaQuotes Language 5 (MQL5) based on the PIRANHA strategy, focusing on integrating Bollinger Bands. As traders seek effective automated trading solutions, the PIRANHA strategy has emerged as a systematic approach that capitalizes on market fluctuations, making it an appealing choice for many Forex enthusiasts.
Creating an MQL5 Expert Advisor Based on the PIRANHA Strategy by Utilizing Bollinger Bands
Creating an MQL5 Expert Advisor Based on the PIRANHA Strategy by Utilizing Bollinger Bands
  • www.mql5.com
In this article, we create an Expert Advisor (EA) in MQL5 based on the PIRANHA strategy, utilizing Bollinger Bands to enhance trading effectiveness. We discuss the key principles of the strategy, the coding implementation, and methods for testing and optimization. This knowledge will enable you to deploy the EA in your trading scenarios effectively
 

Reimagining Classic Strategies (Part 16): Double Bollinger Band Breakouts

Reimagining Classic Strategies (Part 16): Double Bollinger Band Breakouts

Looking at accuracy, the classical strategy produced 46% winning trades over five years—not impressive. The double Bollinger Band system, however, achieved 56% winning trades, a 21% improvement in accuracy. Even more striking, the asymmetric manner in which we changed the distribution of profits and losses. The solution we present to the reader increased the gross profits of the back test by 70%, but only increased gross losses by 17%. This asymmetric effect—profits growing faster than losses—shows how appropriately the double Bollinger Band system reshapes trade distribution into a more desirable form.
Reimagining Classic Strategies (Part 16): Double Bollinger Band Breakouts
Reimagining Classic Strategies (Part 16): Double Bollinger Band Breakouts
  • 2025.10.02
  • www.mql5.com
This article walks the reader through a reimagined version of the classical Bollinger Band breakout strategy. It identifies key weaknesses in the original approach, such as its well-known susceptibility to false breakouts. The article aims to introduce a possible solution: the Double Bollinger Band trading strategy. This relatively lesser known approach supplements the weaknesses of the classical version and offers a more dynamic perspective on financial markets. It helps us overcome the old limitations defined by the original rules, providing traders with a stronger and more adaptive framework.
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