Bollinger Bands EA

About the Bollinger Bands.

The Bollinger Bands indicator was invented by John Bollinger in the s. The Bollinger Bands consist of a Moving Average, an Upper and a Lower Band and is included in Metatrader 4 and 5. The default settings are 20 for the period and 2 for the deviation. Free Indicators, Trading Systems & Expert Advisors for MetaTrader 4 & 5.

Trade logic of this forex robot

Bollinger Bands® Bollinger Bands Technical Indicator (BB) is similar to only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from ewephoric.gqrd deviation is a measure of volatility, therefore Bollinger Bands adjust themselves to the market.

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Demonstration video (watch in HD)

Please remember these are volatile instruments and there is a high risk of losing your initial investment on each individual transaction. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

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The last observation is useful for forecasting price guideposts.

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