BB Stop Loss - Speed - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This version of Bollinger Bands Stop is applied to the Speed ("Smoothed Momentum") indicator.
Unlike the original indicator (which can be used for stop loss setting), this version, due to the lack of values on the chart, is oriented in the "trend" direction and can be considered a different way of owning the speed signal line.
Alerts that help with common settings are already built-in (as well as multiple timeframes) and are extended by using velocity with the help of features known from the basic BB Stop Loss indicator.
Attachment download
📎bb_stops_-_velocity.mq5 (40.47 KB)
Source: MQL5 #17414
BB Stop Loss - Speed - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
BB Stop Loss - Speed - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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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