R Squared Band - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
good afternoon. The EA is based on Bollinger Bands and Donchian Channels.
Sell signal: Donchian Strait is a period of decline, the opening price is above the upper Bollinger Band, and the closing price is below.
Buy signal: There is an upward trend during the Donchian Channel, the opening price is lower than the lower limit of the Bollinger Bands, and the closing price is higher than the lower limit of the Bollinger Bands.
The trade can be closed with a stop loss or when the Donchian channel is broken.
The EA trading code also has the function of R-squared calculation.
This is the EURUSD test from 01/01/2020 to 01/04/2025
Attachment download
📎 bands.mq5 (28.95 KB)
Source: MQL5 #58268
R Squared Band - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resource Usage and Screening Suggestions
R Squared Band - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resources are MT5 EA 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 on titles or short-term profit descriptions.
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