Bollinger Bands RSI Reversal EA
- Эксперты
- Norma Binti Abdul Razak
- Версия: 1.50
- Активации: 10
BB RSI Reversal EA is an automated trading system inspired by the trading strategy explained in this YouTube video (1.6M views):
This EA was developed to replicate the core trading logic shown in the video as closely as possible, allowing traders to test and evaluate the strategy automatically on MetaTrader 4.
The EA uses:
- Bollinger Bands (30, 2)
- RSI (13)
- Mean Reversion concept
BUY Conditions:
- Price closes below the lower Bollinger Band
- RSI drops below 25
- Bullish confirmation candle appears
SELL Conditions:
- Price closes above the upper Bollinger Band
- RSI rises above 75
- Bearish confirmation candle appears
Exit Logic:
- Take Profit targets the Bollinger middle band
- Stop Loss uses recent swing high/low
Additional Features:
- Timeframe selection
- Bollinger squeeze filter
- Live dashboard
- Running profit & net profit display
- Buy/Sell signal arrows
- TP & SL lines
Note:
This EA does not automatically display Bollinger Bands and RSI visuals on the chart because rendering indicators directly through the EA may increase chart loading and CPU usage on MT4.
Users can manually add the standard MT4 indicators for free:
- Bollinger Bands (30, 2)
- RSI (13)
This provides the same visual appearance as shown in the original video while keeping the EA lighter and more efficient.
All trading concepts and strategy inspiration belong to the original video creator.
