The Bollinger Bands Metatrader 4 Forex Robot is an expert advisor that follows the rules of the extremely popular Bollinger Bands technical indicator.
It works in agreement with two moving averages to execute automated market entries and exits on any pair.
This robot functions best on the 30-minute, 1-hour and 4-hour time frames on major currency pairs like the EUR/USD, USD/JPY, USD/CAD, GBP/USD, AUD/USD,…
To get the best out of this forex trading robot, experiment with the values assigned to the indicators’ inputs variable.
This EA has a good win rate.
Strategy Tester Report
Find below the Bollinger Bands forex robot strategy tester report for the EUR/USD forex pair on the 30-minute chart.
The EA made a total profit of $893.82 from a total of 65 trades. The largest winning trade generated $69.74 in profits while the largest losing trade generated a loss of-$82.97.
Bars in test: 11253 ticks modelled
Initial deposit: $50000.00
Total net profit: $893.82
Total trades: 65
Largest profit trade: $69.74
Largest loss trade: -$82.97
Consecutive wins: 12
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss,” When to move to break even, How much pips to move stop-loss, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, Take Profit…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Bollinger Bands
Copy and paste the 1H Bolinger Bands VI.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)