BB Stop Loss - EMA Deviation - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The BB Stops indicator is a well-known indicator. Some versions are also published in the code repository (e.g. here: BB stop ).
Usually it is calculated using standard deviation. This version changes that and uses EMA deviation for calculation as a way to further develop this idea. It is recommended to do some experimentation with these parameters before using them in real trading.
Attachment download
📎bb_stops_-_ema_deviation.mq5 (22.39 KB)
Source: MQL5 #20904
BB Stop Loss - EMA Deviation - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
BB Stop Loss - EMA Deviation - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator 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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