The Auto Trade with BB Metatrader 4 Forex Robot is an expert advisor that is built on the Relative Strength Index, Commodity Channel Index and Bollinger Bands indicators to deliver accurate buy/sell market alerts.
Buy and sell trades trigger when the RSI, CCI and Bollinger Bands indicators are up and down respectively.
It is this process that makes up the basic logic that defines the EAs automated trade algorithm.
The Auto Trade EA manages lot sizes automatically. Only one trade position is entered at any given time.
This EA made an impressive 8 consecutive wins.
Strategy Tester Report
Find below the Auto Trade with BB forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
The EA made a total profit of $461.72 from a total of 8 trades. The largest winning trade generated $120.28 in profits while the largest losing trade generated a loss of-$0.00.
Bars in test: 6752124 ticks modelled
Initial deposit: $1000.00
Total net profit: $461.72
Total trades: 8
Largest profit trade: $120.28
Largest loss trade: -$0.00
Consecutive wins: 8
Consecutive losses: 0
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Program OpenBUY, OpenSELL, GMTTrade_Start, GMTTrade_Stop, BB_Period, RSI_Period, CCI_Period, Stoch_KPeriod, Stoch_DPeriod, Stoch_Slowing, ManualLots, AutoLot, Risk, StopLoss, TakeProfit, TrailingStop, Slippage, MagicNumber
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: RSI | CCI | BB
Copy and paste the autotradewithbb.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)