About the Bollinger Bands EA
The Bollinger Bands indicator was invented by John Bollinger in the 1980s. The Bollinger Bands consist of a moving average, an upper and a lower band and it is included by default in Metatrader 5. The default settings are 20 for the period and 2 for the deviation. The Bollinger Bands EA will automatically open trading positions based on the signals of the Bollinger Bands indicator.
Additional Functions
- Multiple Open Orders
- Spread Filter
- Money Management
- Inverse Strategy
- BreakEven
- TrailingStop
- Moving Average Trend Filter
- Push & Email Notifications
- Time & Day Filter
- Custom Order Comment
- Custom Magic Number
- Custom Deviation (Slippage)
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