The BB Swing Metatrader 4 Forex Robot utilizes the Bollinger Bands indicator as a tool for designing the logic that triggers buy and sell trade positions.
The BB Swing forex trading robot works best on the 1-hour and 4-hour time frames on major forex pairs.
Test the expert advisor on GBP/USD, USD/CAD, EUR/USD, USD/JPY, AUD/USD, etc.
Interestingly, the Bollinger Bands Swing EA adopts some set of logic that keeps it away from trading when price is quiet, while at the same time keeping it active (opening and managing trades) when the market is volatile.
Strategy Tester Report
Find below the Bollinger Bands Swing forex robot strategy tester report for the EUR/USD forex pair on the 1-hour chart.
The EA made a total profit of $4197.81 from a total of 395 trades. The largest winning trade generated $287.78 in profits, while the largest losing trade generated a loss of-$110.50.
Bars in test: 32722 ticks modelled
Initial deposit: $10000.00
Total net profit: $4197.81
Total trades: 395
Largest profit trade: $287.78
Largest loss trade: -$110.50
Consecutive wins: 3
Consecutive losses: 1
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit…
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 BB SWING.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)