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Bollinger Bands Tunnel EA is One of The Best FREE Successful Expert Advisors

Bollinger Bands Tunnel EA

Bollinger Bands Tunnel EA is a free expert advisor developed with the idea to be useful for traders who love to trade using the popular indicator Bollinger Bands. Bollinger Bands Tunnel EA has very simple trading logic. It trades inside of the Bollinger Bands indicator. When the price crosses the Bollinger Bands upper line and reverses, the EA opens a SELL position. When the price crosses the Bollinger Bands lower line and reverses then the EA opens a BUY position. The algorithm of closing the trade is also simple. When the price crosses the upper line the EA will close the BUY positions. When the price crosses the lower line the EA will close the SELL positions. There are also TakeProfit and StopLoss parameters which are optional. If you set anything the EA will also use them for closing the trades.

Bollinger Bands Tunnel EA is optimized only for EURCHF currency pair. EURCHF currency pair is a well known ranging pair. This strategy is best for ranging markets. It can be used with any currency pairs and forex instruments which are in ranging periods. But you must do your own optimization for other pairs and instruments.

Bollinger Bands Tunnel EA Features:

Bollinger Bands Tunnel EA Videos

How to make money with Bollinger Bands indicator! Trade inside Bollinger Bands.

Bollinger Bands Tunnel EA is ready for 2022 market conditions!

You get a product that is up to date and ready to use.(Last updated: 15th June 2022)

Bollinger Bands Tunnel EA Settings

==== Risk Management ====

  • FixedLots - fixed trading volume (works if AutoMM1=0).
  • AutoMM – values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).

==== General Settings ====

  • LongTrades – true/false to enables/disables the long trades.
  • ShortTrades - true/false to enables/disables the short trades.
  • Magic - magic number - it is extremely important to keep this different for all robots.
  • MaxSpread - maximal allowed spread for position opening.
  • Slippage – maximal allowed slippage for position opening.
  • StopLoss - stop loss value in standard 4 digit pips. It is an optional parameter.
  • TakeProfit – take profit value in standard 4 digit pips. It is an optional parameter.
  • EA_Comment - text which will be added as a comment to each trade opened by Bollinger Bands Tunnel EA.

==== Bollinger Bands Settings ====

  • BBands_TimeFrame – The time frame of Bollinger Bands indicator.
  • BBands_Period - The period of Bollinger Bands indicator.
  • BBands_Deviation - The deviation of Bollinger Bands indicator.
  • BBands_AppliedPrice - The applied price of Bollinger Bands indicator.
  • BBands_MaxWidth – The max allowed width of the Bollinger Bands indicator (the difference in pips between upper and lower line) when the EA can trade.
  • BBands_MinWidth - The min allowed width of the Bollinger Bands indicator (the difference in pips between upper and lower line) when the EA can trade.
  • MaxVolatilityIndex – The volatility index of the current market. If you set small value the EA will trade rare but with higher precision. If you set big value the EA will trade often but with less precision.

Bollinger Bands Tunnel EA is COMPATIBLE WITH MAC OS and Windows OS!

Bollinger Bands Tunnel EA is compatible with MAC OS and Windows OS

Bollinger Bands Tunnel EA is compatible with the most well known and used Operating Systems Mac OS + Windows OS. Our developers have been working very hard to adapt Bollinger Bands Tunnel EA to be compatible with all popular Operating Systems. Mac OS and Windows are the most popular OS around the world and therefore we have developed Bollinger Bands Tunnel EA to be compatible with them.

Bollinger Bands Tunnel EA Backtest Result

Below you can check the backtest result of our forex robot - Bollinger Bands Tunnel EA - on the EURCHF currency pair.

EURCHF

Period: 2015-2022

Risk: Fixed Lots

Deposit: $10000

Bollinger Bands Tunnel EA Backtest on EURCHF with Fixed Lots

EURCHF

Period: 2015-2022

Risk: AutoMM

Deposit: $10000

Bollinger Bands Tunnel EA Backtest on EURCHF with Money Management System

How to backtest Bollinger Bands Tunnel EA

If you wish to back-test Bollinger Bands Tunnel EA, first you should download history from the MetaTrader history center: click Tools -> History Center, or press the "F2" key of the keyboard. In the list, find the currency pair that you wish to back-test and double click to expand it. Click "1 Minute (M1)" and then click "Download". When the download process is finished, double click on "5 Minutes (M5)” and "15 Minutes (M15)" to convert the M1 data (repeat this for the rest of the time frames). Close the "History Center" window. Restart the MT4 terminal in any case. Check the below image!

To open the "Strategy Tester" window click the "Strategy Tester" button of the MetaTrader menu, or press "Ctrl+R" on the keyboard. In the "Strategy Tester" window chose Bollinger Bands Tunnel EA, chose one of the supported currency pairs, chose M5 timeframe, chose the method "Every tick ...", as shown below. Click "Start" to start the back-test.


Bollinger Bands Tunnel EA

Download Bollinger Bands Tunnel EA

If you want to trade with Bollinger Bands Tunnel EA you can download it by clicking the button below. You must be logged in your profile first! If you don't have a profile yet, you can register for free from the Registration page.

DOWNLOAD Bollinger Bands Tunnel EA

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Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

By using FXAutomater's products, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.