Bollinger Wave EA

Bollinger Wave EA
Overview
Bollinger Wave EA is an advanced automated trading system that combines grid trading methodology with Bollinger Bands technical analysis. The Expert Advisor identifies high-probability entry points by detecting price reversals at the extremes of the Bollinger Bands, strategically executing pending orders to capture market movements.

Core Strategy
Trading Logic
The Expert Advisor (EA) operates on the mean reversion principle, identifying oversold and overbought conditions through Bollinger Band analysis:

BUY Signals:

The price touches or approaches the lower Bollinger Band (overbold zone)
The price shows upward momentum (bounce off the lower band)
The price remains below the middle band, confirming oversold conditions
Places BUY STOP orders above the current price with predetermined spacing
SELL Signals:

The price touches or approaches the upper Bollinger Band (overbought zone)
The price shows downward momentum (retracement from the upper band)
The price remains above the middle band, confirming overbought conditions
Places SELL STOP orders below the current price with predetermined spacing
Grid Management System
Dynamic placement of pending orders at calculated distances from the current price
Maximum pending order limits to prevent overexposure
Execution Automatic order triggering when the price reaches pending levels
Distance-based activation ensures orders are triggered only within the defined range
Key Features
Risk Management
Fixed lot size or based on percentage of equity
Automatic Stop Loss on all positions
Margin check before each trade
Maximum spread control to avoid trading in unfavorable conditions
Limitation of pending orders to control total exposure
Intelligent Trailing Stop
Automatic triggering when the position reaches the target profit (in pips)
Dynamic tracking of favorable price levels
Profit protection through progressive Stop Loss adjustment
Customizable trailing start and step settings
Trading Filters
Time Filter:

Defines specific time windows for trading
Avoids periods of low liquidity or high volatility
Customizable according to the trader's time zone
Bollinger Bands Filter:

Activable/deactivatable according to preference
Configurable period (default: 20)
Adjustable standard deviation (default: 2.0)
Validation Signal generation through analysis of previous candlesticks
Spread Filter:

Protection against excessive spreads
Configurable limit in pips
Prevents executions in adverse market conditions
Configurable Parameters
General Settings
Magic Number: Unique identifier for EA trades
Slippage: Maximum acceptable slippage in points
Capital Management
FixedLot: Fixed lot size (if > 0)
RiskPercent: Percentage of risk in the balance (if FixedLot = 0)
Grid Parameters (in pips)
Delta: Distance between the current price and the pending order
MaxDistance: Maximum distance allowed for order activation
StopLossPips: Stop Loss in pips for each position
TrailingStart: Profit pips to activate trailing stop
TrailingStep: Distance of the trailing stop from the current price
MaxSpread: Maximum spread allowed for trading
MaxPendingOrders: Maximum number of pending orders per direction
Settings Bollinger Bands
UseBollinger: Enable/disable Bollinger Bands filter
BB_Period: Bollinger Bands period
BB_Deviation: Standard deviation of the bands

BB_Shift: Indicator shift

System Advantages

Full Automation

24/7 Trading without Manual Intervention

Instant Signal Execution Based on Predefined Conditions

Automatic Trailing Stop and Profit Protection Management

Risk Control

Multiple Layers of Protection (SL, Spread, Margin, Time)

Exposure Limitation through Pending Order Control

Professional Capital Management with Fixed or Percentage Options

Technical Accuracy

Automatic Price Normalization Based on Symbol Digits

Adjustment of Minimum Distances According to Broker Requirements

Compatibility with 3/5 and 4/5 Digit Brokers

Optimal Technical Specifications

Recommended Configuration

Currency Pair: XAU/USD (Gold vs. Dollar)

Timeframe: M5 (5 minutes)

Minimum Capital: $1,000 USD

Account Type: Compatible with Prop Firms and Regular Brokers

Optimization for XAU/USD

The EA has been specifically designed and optimized to trade the XAU/USD pair, leveraging:


The high Gold market liquidity

Characteristic mean reversion movements

Controlled volatility on the M5 timeframe

Frequent price respect for Bollinger Bands

Ideal Use Cases

Trading XAU/USD taking advantage of mean reversions on the M5 timeframe

Sideways markets with a mean reversion tendency

High liquidity gold sessions (London and New York)

Prop Firms: Compatible with drawdown rules and profit targets

Regular Brokers: Works with any broker that offers XAU/USD

Technical Requirements

Platform: MetaTrader 5

Recommended pair: XAU/USD (Gold)

Timeframe: M5 (5 minutes)

Minimum capital: $1,000 USD

Account type: Prop Firms and Regular Brokers

Execution type: Market Execution or Instant Execution

Spread: Preferably low (< 20 pips for XAU/USD in best results)

Recommended VPS: For 24/7 trading without Interruptions

Margin: Sufficient to manage multiple simultaneous gold positions

Compatibility with Prop Firms

The EA is designed to comply with the strict rules of leading Prop Firms:


Controlled risk management through mandatory Stop Loss orders

Drawdown control through limiting pending orders

Trailing stop for profit protection and meeting profit targets

No aggressive martingale techniques

Transparent trading with identifiable Magic Number

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Stanislav Tomilov
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Lo Thi Mai Loan
5 (6)
[ IMPORTANT ] REAL CLIENT FEEDBACK :  https://www.mql5.com/en/market/product/127498/comments#comment_58814415 [ IMPORTANT ]  UPDATED (1 YEAR PERFORMANCE):  https://www.mql5.com/en/market/product/127498/comments#comment_59233853 [ IMPORTANT ]  UPDATED (1 YEAR 6 MONTHS PERFORMANCE):  https://www.mql5.com/en/market/product/127498/comments#comment_60000067 [ IMPORTANT ]  UPDATED  (2026/09):  https://www.mql5.com/en/market/product/127498/comments/page2#comment_60389797 Bitcoin Scalping MT4/MT5 Tanıt
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Chen Jia Qi
4.4 (62)
Gold House — Gold Swing Breakout Trading  One EA. Three Trading Modes. Choose the One That Fits Your Style. No Grid. No Martingale. The price will increase by $50 after every 10 purchases. Final planned price: $1,999. Live Signals:  Profit Priority Mode: https://www.mql5.com/en/signals/2359124 BE priority Mode :  https://www.mql5.com/en/signals/2372604 Important: After purchasing, please remember to send us a private message to receive the recommended parameters, instructions, precautions,
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Rob Josephus Maria Janssen
4.5 (50)
Prop Firm Ready! Chiroptera is a non-martingale, non-grid, multi-currency Expert Advisor that operates in the quiet hours of the night. It uses single-placed trades (of all 28 pairs!) with tactically placed Take Profits and Stop Losses, that are continuously adjusted to maximize gains and minimize losses. It keeps track of past and upcoming news reports to ensure impacts are minimized and carefully measures real-time volatility to prevent impacts due to unpredictable geo-political disturbances c
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MQL TOOLS SL
5 (35)
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GbpUsd Robot Pro MT5
MQL TOOLS SL
5 (3)
The GBPUSD Robot Pro is an advanced automated trading system developed specifically for the unique dynamics of the GBP/USD currency pair. Using advanced technical analysis, the robot continuously analyzes historical and real-time market data to identify trends, key support and resistance levels, price momentum, volatility, and other important market conditions specific to GBP/USD. The Robot opens positions every day, from Monday to Friday, and all positions are secured with Take Profit, Stop Los
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Valentina Zhuchkova
3.27 (33)
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Fan Yang
3.67 (3)
Fantastic 4 Eleven-in-One Trading System Introduction Fantastic 4 is an automated trading EA integrating 11 mutually independent quantitative trading logics targeting XAUUSD. After long-term research, iterative optimization, historical backtesting and live market verification, each built-in strategy has exclusive entry rules, independent order management and customized risk control modules. All strategies run separately without mutual interference. The combination of four strategies with low cor
ORB Revolution
Haidar Lionel Haj Ali
5 (24)
ORB Revolution — MetaTrader 5 Uzman Danışmanı ORB Revolution, MetaTrader 5 için tasarlanmış profesyonel seviyede Opening Range Breakout (ORB) Uzman Danışmanı olup, disiplinli ve risk kontrollü otomatik işlem amacıyla geliştirilmiştir. Kurumsal standartlar temel alınarak oluşturulan bu sistem, sermaye koruması , tekrarlanabilir işlem yürütme ve şeffaf karar verme mantığı üzerine odaklanır — ciddi traderlar ve prop firm değerlendirmelerine katılanlar için idealdir. ORB Revolution, NETTING ve HEDGI
XT Bitcoin Robot MT5
MQL TOOLS SL
4.6 (5)
XT Bitcoin Robot is an advanced  automated trading system  designed specifically for  BTCUSD traders  who want to take advantage of Bitcoin's market volatility without the need for constant market monitoring. The robot continuously analyzes market conditions and automatically executes trades based on its built in trading logic, helping traders stay active in the market 24 hours a day without manual intervention. The system is designed to identify trading opportunities and manage positions accor
Harmonizer EA MT5
Amir Hossein Moharreri
4.55 (11)
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Big Forex Players MT5
MQL TOOLS SL
4.76 (141)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
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Quantum Macd Bolinger EA
Ignacio Agustin Mene Franco
Quantum MACD Bollinger EA Professional Automated Trading System for XAU/USD OVERVIEW The Quantum MACD Bollinger EA is an advanced algorithmic trading system designed specifically for the XAU/USD (Gold) market. Combining the power of MACD momentum analysis with Bollinger Band volatility detection, this Expert Advisor identifies high-probability trading opportunities through multiple confirmation signals. Built with institutional-grade risk management and adaptive position sizing, this EA is
Making Scalper Hard GOLD
Ignacio Agustin Mene Franco
Making Scalper Hard Gold - Professional EA for XAU/USD Description Making Scalper Hard Gold is an advanced scalping Expert Advisor specifically designed to trade the XAU/USD (gold) pair on the M5 timeframe. This automated system combines multiple technical trading strategies to maximize opportunities in the gold market, one of the most volatile and liquid assets in the financial market. Key Features Multi-Strategy System The Expert Advisor (EA) implements three complementary trading systems:
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Level Slow Xauusd
Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ichimoku Scalper Gold
Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
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Ignacio Agustin Mene Franco
Quantum MACD Bollinger EA Professional Trading System for XAUUSD Quantum MACD Bollinger is an advanced algorithmic trading system designed specifically for trading Gold (XAUUSD), combining the power of MACD momentum indicators with Bollinger Band volatility analysis to identify high-probability trading opportunities. Key Features Dual Indicator Synergy: Integrates MACD crossover signals, zero line crossovers, and Bollinger Band bounce/breakout/compression patterns for precise entry timing Mult
Phoenix FX XAU
Ignacio Agustin Mene Franco
Phoenix FX Moving Averages EA Expert Advisor for XAU/USD - Optimized for Prop Firms Version: 1.10 | Timeframe: M5 | Minimum Capital: $1,000 USD Overview Phoenix FX is an algorithmic Expert Advisor specifically designed for trading gold (XAU/USD) on a 5-minute timeframe. It combines a moving average crossover system with advanced risk management, ideal for traders who use prop firms and seek consistent results. Main Features Trading System: EMA crossover-based strategy (configurable 10/30 per
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Ignacio Agustin Mene Franco
Power Bear & Bull EA v2.00 Institutional Expert Advisor for XAU/USD OVERVIEW Power Bear & Bull EA is a professional-grade automated trading system specifically designed to trade the XAU/USD (Gold) pair using an advanced multi-indicator strategy. The EA combines Bollinger Bands technical analysis, Bulls/Bears Power indicators, and Fractal patterns to identify high-probability entry points in the gold market. This Expert Advisor has been optimized for traders operating with Prop Firms and med
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Ignacio Agustin Mene Franco
Evolution XAU EA v2.00 Multi-Strategy Expert Advisor for XAU/USD Overview Evolution XAU EA is a state-of-the-art automated trading system designed specifically for trading the XAU/USD pair (Gold vs. Dollar). It combines three proven technical strategies into a single intelligent algorithm, enabling strategic diversification that maximizes market entry opportunities. Implemented Strategies The EA uses a multi-strategy approach where any of the three systems can generate valid trading signals:
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