Higher Period Bollinger Band Breakout and Retracement Strategy - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
This strategy is based on price breaking out of the upper Bollinger Bands and then back to the Bollinger Bands.
For short trades: Wait for the price to close above the upper Bollinger Bands and wait for it to close below the upper Bollinger Bands. Then go short with a stop loss of 1 ATR and a take profit of 1.5 ATR.
It can be used on any time frame, but I recommend the 15M as the 800 period Bollinger Bands are rarely breached daily or 4 hourly.
Library file Util.mql4 is used to determine the lot size and check if a new candle has been opened and verify the lot size.
Attachment download
📎 800bb.mq4 (5.82 KB)
📎util.mq4 (3.53 KB)
Source: MQL5 #24620
Higher period Bollinger band breakthrough and retracement strategy - MetaTrader 4 experts | MT4 EA download - MetaTrader 4 resource usage and screening suggestions
Higher cycle Bollinger Band breakthrough and retracement strategy - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources are MT4 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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