bollinger bands ea forex robot

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Bollinger bands ea forex robot is return on investment the same as return on capital employed

Bollinger bands ea forex robot

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The Bollinger Bands indicator is a very powerful tool to recognize the trend's direction of the market. It can be used for various types of forex strategies. It shows when price is overbought and oversold. You can find this indicator in every MT4 and MT5 terminal. In my opinion all the classic indicators which you can find in the terminal are the best ones. They work perfectly without any errors. You can easily design a profitable forex strategy with those. If you need EA coding services contact me.

Download MT4 version. Accordingly we get the buy signal when the current candle returns inside the lower band from below. For to start please hit the button here in your Metatrader or use the F4 key for the shortcut and wait for the Metaeditor to come up. Our main module shall run this function to check if there is a signal.

Next is to do the calculations for the Bollinger Bands Indicator. We are using the values of the last 20 candles based on the close price and the deviation of 2 for calculating the signal. Here is the calculation for candle 1 — candle 1 is always the last candle before the one which is currently building, so this is candle 0 here and candle 1 is this one.

We are having 3 conditions to be confirmed to say we have a buy signal. First we want to know if a crossover has happened. So how do we do that? For that we also need to calculate the values of the candle before candle 1, so that is for candle 2. Basically we do that the exact same way as we did for candle 1.

Secondly we also check if the price is going up and thirdly if the close of candle 1 is now above the lower band from outside. Logically with we have to repeat the same for the sell signal. So we want to confirm if the price bar candle has returned inside the Bollinger Band after crossing the upper band a second time.

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This site uses Akismet to reduce spam. Learn how your comment data is processed. This website uses cookies to ensure you get the best experience on our website and personalized advertising. Learn more. Get the Bollinger Bands EA! Purchase Checkout Added to cart. Close on middle Band: The trade will be closed if the middle Bollinger Band gets crossed.

Note that this Metatrader Expert Advisor does not draw any indicator on the chart. You do not understand all the functions? Take a look at our function glossary. This EA is not pre-optimized. Keep comments tidy and respectful.

Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section. A Toby Crabel price pattern used to calculate two breakout levels for the current trading day, using the day simple moving average. Customizable expert advisor that scalps daily breakouts using Toby Crabel opening range breakout strategy. Bollinger Bands EA 4. Yes, it is!

Yes, you do. Can I interfere with the trades of the EA?

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Note that this Metatrader Expert Advisor does not draw any indicator on the chart. You do not understand all the functions? Take a look at our function glossary. This EA is not pre-optimized. Please read the article about optimization first. The license of every Expert Advisor you download is time limited, but you can re-download newer versions any time in your purchase history.

Version MT4 Basic v1. Looking for more Free Expert Advisors? Download NOW! Oliver says:. Yannick says:. When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information.

The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section. A Toby Crabel price pattern used to calculate two breakout levels for the current trading day, using the day simple moving average.

Customizable expert advisor that scalps daily breakouts using Toby Crabel opening range breakout strategy. Bollinger Bands EA 4. Yes, it is!