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EasyBot Bollinger Bands

FREE

Published: 18 February 2023

Current version: 1.25

EasyBot Bollinger Bands

Experts
MARIO DANIELE SCRETI
Version: 1.25
Updated: 20 March 2023

About the Bollinger Bands

The Bollinger Bands indicator was invented by John Bollinger in the 1980s. The Bollinger Bands consist of a Moving Average, an Upper and a Lower Band and is included in Metatrader 5. The default settings are 20 for the period and 2 for the deviation.

EasyBot Bollinger Bands is an expert advisor developed with the idea to be useful for traders who love to trade using the popular indicator Bollinger Bands. EasyBot Bollinger Bands has very simple trading logic. When the price reaches the Bollinger Bands upper line, the EA opens a SELL position. When the price reaches the Bollinger Bands lower line, the EA opens a BUY position.

To maintain the position you can use the Stop Loss or the Averanging Martingale Grid System.

It can be used with any currency pairs, but you must do your own optimization.

Please note that this EA isn't a "set and forget" EA. Also because a "set and forget" EA is just a myth, like the holy grail.

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Version 1.25 2023.03.20

Added option to use Martingale or not.

Version 1.20 2023.02.26

Added trading hours

Version 1.10 2023.02.18

Bugs fixed.