RSI Bollinger Bands EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Trigger 2 builds RSI Bollinger Bands around the average RSI over a specific time period. The OB and OS areas are expressed as standard deviation values of the mean RSI. For example, an overbought signal is an RSI value above RSI_Upper, where RSI_Upper = RSI_Sigma*StdDev + RSI_Avg. RSI_Sigma is an external value and StdDev is calculated based on the RSI distribution of past bars.
As can be seen from the two strategy test reports, the RSI Bollinger Bands method (Trigger 2) performed well over the 11-year time period and also outperformed Trigger 1. Furthermore, Trigger 2 has fewer external factors than Trigger 1 and behaves more consistently across 11 years of 15-minute data.
Date test range: 2/2005 - 1/2016 for triggers 1 and 2.
Applying the Bollinger Bands method to oscillator-type indicators can improve the performance of Expert Advisors in long-term tests, resulting in more confidence in future performance.
Attachment download
📎 rsi_bollingerbands.mq4 (48.05 KB)
Source: MQL5 #14628
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
