Description
The Bollinger Bands Range Trader EA buys and sells during a sideways market by measuring the correlation between the instrument’s price and the value provide by the Bollinger Band output. The indicator evaluates price volatility by comparing the high price and the low price within its own calculations. When the instrument’s price actions gravitates closer to one of the outer bands it should be taken as an increase in market volatility.
BUYING LOGIC
When the instrument’s price crosses to the upside the bottom Bollinger Band a Buy trade is triggered at market price.
SELLING LOGIC
When the instrument’s price crosses to the downside the top Bollinger Band a Sell trade is triggered at market price.
IMPORTANT: All placed trades are closed with a Stop Order or a Limit Order entered manually. There can only be one open trade at any time irrespective of the number of crossovers that happen.
RISK DISCLAIMER
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
REQUIREMENTS
MT4 Platform
Windows 7 or later.
Note: The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
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