RSI and Bollinger Bands - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources
The author of the idea — Anton , the author of the MQL5 code — Balabashka Kon .
Trading strategy based on RSI and Bollinger Bands. Bollinger Bands are calculated using the RSI indicator handles. Trailing Stop is determined using the SAR indicator (Parabolic SAR).
Attachment download
📎 rsi_and_bollinger_bands.mq5 (37.36 KB)
Source: MQL5 #18255
RSI and Bollinger Bands - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
RSI and Bollinger Bands - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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