Metatrader 4 expert advisor bollinger bands
The Bollinger Bands Indicator is one of the most popular, it can be used for breakout strategies as well as reversal.
The backtesting on the EURUSD shows an interesting result. Despite not being stable the Risk Reward Ratio allows the EA to be profitable in the tested timeframe. This EA could be used as base for a more complex one.
Expert Advisor - Bollinger Bands Breakout - MQL4 Trading Automation
The profitability in the backtested period can indicate potential, the EA could be improved with further condition and become even more profitable and consistent. Please leave a comment if you have any feedback or doubt and remember to like us on Social Media!
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