Trading signals based on simple Bollinger Bands - MetaTrader 5 library | MT5 EA download - MetaTrader 5 resources

I created it because for some reason Bollinger Bands are not available in the MQL 5 Wizard.

Just making money from this project is not the purpose.

Incorporating it into the MQL 5 Wizard is a purpose.

Trading signals are very simple.

For basic usage of the MQL 5 Wizard, see " Create your own trading robot in just 6 steps ".

1. Trading signals

Trading signals consist of two patterns.

2. Create an expert advisor using the MQL 5 Wizard

After compiling SignalBands.mqh, you will be able to use it with the MQL5 Wizard.

To generate a trading robot based on this logic, select the signal of the indicator "Bollinger Bands" in the signal properties of the MQL 5 Wizard.

Let's check the backtest of EA historical data (USDJPY H4, test period: 01.01.2018 - 01.11.2018, PeriodBands = 120, Shift = 0, Deviation = 1.6, Applied = Closing Price, Weight = 1.0).

Attachment: SignalBands.mqh of the SignalBands class must be placed in terminal_data_folder \ MQL5 \ Include \ Expert \ Signal \ MySignal.

The ExpertsBands.mq5 file contains the codes of Expert Advisors created using the MQL 5 Wizard.

Attachment download

📎 expertsbands.mq5 (7.17 KB)

📎 signalbands.mqh (9.39 KB)

Source: MQL5 #23391