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Bollinger Scalper EA

FREE

Published: 29 May 2020

Current version: 1.1

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Overview
Reviews (8)
Comments (14)

Bollinger Scalper EA

Experts
Robots4Forex Ltd
Version: 1.1

The Bollinger Scalper EA is a fully automated Expert Advisor that trades based on Bollinger Band and RSI entry signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

Fully automated

Not sensitive to spread

Always a stop loss in place
All you need is a VPS

Input Settings

Order Settings

MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
Lots - Number of lots for the first trade in a group. Values from 0.01 to 50.0.
LotsPer10K - Number of lots for the first trade in a group per 10000 account balance (Setting to 0 disables). Values from 0.01 to 50.0.
Slippage - Slippage in pips. Values from 1 to 10.
AllowNewTrades - Turn this of to disable new trade groups, true/false.
ProfitPerLot - Target profit in account currency per lot. Values from 1.0 to 1000.0.
PositionComment - Allows you to set the position comment.

Entry Settings

TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
StopLoss - The fixed stop loss - Values 25 to 200 depending on the pair being traded.
BBPeriod - The Bollinger Band period used as entry signal - Values 1 to 40.
BBStd - The Bollinger Band standard deviation used as entry signal - Values 1.0 to 3.0.
RSIPeriod - The RSI period used as entry signal - Values 1 to 40.
RSIThreshold - The RSI threshold used as entry signal - Values 1 to 40.
Averaging - If turned on averaging is used to recover negative trades, true/false.
AveragingStep - The negative move in pips against the current trade to trigger the next averaging trade. Values 5 to 100.
AveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.

Optimization & Defaults

Default input values are for EURUSD M5. If optimizing, optimization of RSIPeriod, RSIThreshold, BBPeriod, BBStd,ProfitPerLot and AveragingStep are needed to find the best results.

more...

140

Daniel Franz Kobale 2024.01.02 12:36 #

This is a very good EA bot. It works best with the bollinger bands set to 50:2 and the RSI set to 14 on the 15m, 30m, or 1 hour timeframe. I run it on the 15m timeframe for consistnent trades.

400

Harry Tallarita 2022.08.29 12:16 #

per ora ottimo. sarebbe utile aggiungere la funzione di salvaguardia del capitale

697

ABCD Kang 2024.10.22 13:15 #

Is the MT5 version (Bollinger Scalper EA) available?

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The Flex Grid EA is a fully automated Expert Advisor that trades based on RSI. The EA trades using market orders with inivisible take profit and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD, USDJPY, EURUSD, USDCAD & GBPUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limite

FREE

Custom EA is a fully automated and customizable expert advisor (EA) designed for traders seeking complete control over their trading strategies. It integrates seamlessly with third-party indicators, offers numerous built-in entry and exit strategies, and includes advanced trade duplication features. Whether you’re automating trades, building a neural network-driven strategy, or copying trades between accounts, Custom EA is the ideal solution for both beginner and experienced traders. Key Feature

199 USD

The Rapid Reaper EA is a fully automated hybrid averaging EA that trades in sequences of lot increase and multiplication on both sides of the book. The system trades using market orders with take profits set across trade groups. This EA will work on any pair but works best on GBPUSD and USDCAD on the M5 timeframe. A VPS is advisable when trading with this EA. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more

FREE

The RMI Scalper EA is a fully automated Expert Advisor that trades pullbacks from the major trend using RMI and limited averaging. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY, EURUSD, GBPUSD, USDCAD, USDCHF, AUDJPY, EURCAD, EURGBP and EURJPY using the M30 timeframe and has the option to trade multiple pairs but only one pair at any one time to increase trade frequency without increasing draw down. Please not

FREE

The Wave Scalper EA is fully automated scalping system that uses price action to identify good scalping trades and executes them with an invisible trailing stop loss. It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading. This is a long term strategy combined with money management which works well on most pairs, but predominantly GBPUSD, USDCAD, EURUSD, AUDUSD & USDJPY. Plea

FREE

The Candle Scalper EA is a fully automated Expert Advisor that trades based on price action. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom E

FREE

The USDJPY Trader EA is an automated trend following system that is always in the market and trades using sell stop and buy stop orders with trailing stop losses to capture large movements in the market. It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading. This is a long term strategy combined with money management and will work on any pair but works best on USDJPY M15. Vi

FREE

The Prospector Scalper EA is a fully automated Expert Advisor that scalps during high volatility periods using a hybrid lot multiplication algorithm. The EA trades using market orders and hides its decision making from the broker. This EA will work on any pair but works best on EURUSD and USDJPY on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more

FREE

Currency Strength Breakout Indicator Gain an edge in your trading with the Currency Strength Breakout Indicator , a powerful tool that analyses eight currencies across multiple timeframes (M1, M5, M15, M30, and H1) – all within a single, easy-to-read window. Identify the strongest and weakest currencies and trade pullbacks with precision, leveraging alerts to help you enter trends at the right time. Key Features Real-Time Currency Strength Monitoring : Instantly see which currencies are trendin

FREE

The Complex Chaos EA is an automated system that uses a pair of exponential moving averages to detect the market direction and opens trades on candle open. If the market moves against a trade it will at a set distance open another trade in the same direction to move the take profit of the group of open positions closer to the current price and make the group of trades winners overall once the price reverses. If a change in direction is detected then all trades are closed and it starts trading in

FREE

The Night Scalper EA Lite is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and has the option to use time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimiz

FREE

The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD, AUDNZD and USDCHF using the M5 timeframe, defaults are for EURUSD. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Any questions message me - https://www.mql5.com/en/users/robots4forex View More Products - https://www

FREE

Aeon is a fully automated Expert Advisor that trades multiple currencies. The EA trades using market orders and uses averaging to turn otherwise negative trades positive. This EA works best on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will n

FREE

The Extreme Breakout EA Lite is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA Lite trades using pending orders and has the option to enter using market orders if required. Lite version is limited to 0.01 lots without money management. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?o

FREE

The Bollinger Fading EA is a fully automated Expert Advisor that trades based on Bollinger Band and RSI entry signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the H1 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limited support so that I c

FREE

The Trend Venom EA is a fully automated Expert Advisor that trades based on Moving Average and RSI signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentr

FREE

The Extreme Breakout EA is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA trades using pending orders and has the option to enter using market orders if required. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain Designed for USDJPY. Features Fully automated Not sensitive t

199 USD

30 USD

199 USD

The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/ro

30 USD

The Night Scalper EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimized settings. View More

30 USD

199 USD

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697

ABCD Kang 2024.10.22 13:15 #

Is the MT5 version (Bollinger Scalper EA) available?

2328

agrushev777 2024.02.19 21:05 #

User didn't leave any comment to the rating

140

Daniel Franz Kobale 2024.01.02 12:36 #

This is a very good EA bot. It works best with the bollinger bands set to 50:2 and the RSI set to 14 on the 15m, 30m, or 1 hour timeframe. I run it on the 15m timeframe for consistnent trades.

Logan Van 2023.02.03 22:30 #

Bon robot donne de bon resultat sur audusd et eurusd

xO8sVpkY 2022.11.05 11:40 #

Backtested using Tick Data Suite conditions and variable spreads.

It is a nan-pinning EA that trades frequently.

The user has to have enough funds to lose all the money at once.

Funds increase with each trade.

400

Harry Tallarita 2022.08.29 12:16 #

per ora ottimo. sarebbe utile aggiungere la funzione di salvaguardia del capitale

114

Rob0000 2022.06.21 14:10 #

good Ea.Good results .

3471

John Winsome Munar 2022.05.18 07:15 #

Nice EA.