Bollinger Bands Swing Metatrader 4 Forex Robot

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.

Free Download

Download the “BB Swing.mq4” MT4 robot

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.

Overall Performance

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.

Statistics:

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

Download

Download the “BB SWING.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 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)

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