BBR - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
You will receive a signal if the price breaks above the upper or lower Bollinger Bands® limits and the RSI becomes overbought/oversold and goes back up to 50.
Of course there are some fake ones too, but as always the MM and tight SL are the key. The recommended time frame is M5. Added some objects you can prepare for signals.
The RSI object turns orange when ob/os and turns green or red when it returns to 50. When the band is pierced, the BB object turns red or green.
If there is a higher high/lower low after a sell/buy signal and there are no new signals, the RSI should show divergence and you know what that means ;)
Attachment download
📎 BBR.mq4 (3.39 KB)
Source: MQL5 #10426
BBR - MetaTrader 4 script | Trading script download - MT4/MT5 resource usage and screening suggestions
BBR - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script 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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