Bollinger Band Squeeze Metatrader 4 Forex Robot

The Bollinger Band Squeeze Metatrader 4 Forex Robot is an algorithmic trading software that is designed to manage (exit & exit) positions based on the expansion that follows contraction of the Bollinger Bands indicator.

This EA adopts a simple logic that allows it enter trades after price rebounds off the outer boundaries of the Bollinger Bands indicator.

Considering how popular the Bollinger Bands indicator is to traders, formulating an expert advisor that trades along its ideas makes a lot of sense.

Looking at the profitability of the back tested periods, one can quickly point out the underlying potentials of the Bollinger Band Squeeze forex robot.

Free Download

Download the “BOLLINGER BAND SQUEEZE.mq4” MT4 robot

Strategy Tester Report

Find below the Bollinger Band Squeeze forex robot strategy tester report for the EUR/USD forex pair on the daily chart.

Overall Performance

The EA made a total profit of $2659.41 from a total of 136 trades. The largest winning trade generated $164.52 in profits, while the largest losing trade generated a loss of-$75.40.

Statistics:

Bars in test: 2503 ticks modelled

Initial deposit: $10000.00

Total net profit: $2659.41

Total trades: 136

Largest profit trade: $164.52

Largest loss trade: -$75.40

Consecutive wins: 3

Consecutive losses: 2

Download

Download the “BOLLINGER BAND SQUEEZE.ex4” Metatrader 4 robot

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

Installation

Copy and paste the BOLLINGER BAND SQUEEZE.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)

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