Simple EA using Bollinger, RSI and MA - MetaTrader 5 Expert
This simple EA opens a trade when the last bar close is above or below Bollinger Bands, the RSI value is overbought or oversold, and uses the D1 Moving Average as a trend filter.
Automatically take profit and set stop loss at the middle Bollinger Band on the opening bar.
It works well on EURUSD H1 with initial parameters.
If you find any other profitable products, please share your sets and pairings.
From January 1, 2019 to present, the profit coefficient is >3.
Attachment download
📎bolrsimas.mq5 (31.08 KB)
Source: MQL5 #32695
Simple EA using Bollinger, RSI and MA - MetaTrader 5 Expert Usage and Screening Advice
Simple EA using Bollinger, RSI and MA - MetaTrader 5 Expert belongs to 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 only on titles or short-term profit descriptions.
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