Bollinger Blitz
- Эксперты
- Версия: 2.50
Bollinger Blitz is a rule-based Expert Advisor for MetaTrader 4, built for GBPUSD on the M5 timeframe.
How it works
The EA evaluates closed bars only and opens one position at a time.
- Entry: the Commodity Channel Index (period 12) must cross its level (above -9 for buys, below +9 for sells).
- Exit: a fixed Stop Loss and Take Profit, plus an early exit when price crosses back through the Bollinger Bands.
Default settings
- Symbol / timeframe: GBPUSD, M5
- Entry lots: 0.20 (fixed)
- Stop Loss: 41 pips, Take Profit: 74 pips
- Magic Number: 50241036
This is a high-frequency strategy for M5 and trades often. Spread and commission have a large effect on results, so use a low-spread account.
Inputs
Entry_Amount, Stop_Loss, Take_Profit, Ind0Param0-1 (CCI period, level), Ind1Param0-1 (Bollinger period, deviation), Magic_Number.
What it does not do
No martingale, no grid, no averaging, no news filter, no DLL.
Before you use it
Test the EA in the Strategy Tester with "Every tick" modelling and your broker's real spread, then on a demo account. Choose a lot size that keeps drawdown within your own risk limit.
Risk notice
Trading Forex involves risk of loss. Strategy Tester results are simulations and do not represent live trading or future performance.
