Scalping With Bollinger Bands – Download Free Robot MT4

Scalping With Bollinger Bands Review

Scalping With Bollinger Bands Expert Advisor based on the famous Bollinger Bands indicator. When the upper line is broken, we trade to buy or sell (depending on the settings of the adviser). Similarly, when breaking through the lower Bollinger band.

The Scalping With Bollinger Bands is made in the form of a constructor and allows you to adjust the strategy to any needs. You can scalp on the breakout of the Bollinger Bands, or trade inside the channel, which is even more promising.

The Scalping With Bollinger Bands works on any trading instrument. We recommend GBPUSD, EURUSD, USDCHF, and other active pairs. Including pairs with yen and gold. It is advisable to use a timeframe from H1 and higher since the strength and importance depend on the timeframe

signal.

Please note that the adviser has an option - to close orders at the opposite signal. This option allows you to trade within the channel when martingale is disabled.

In fact, this robot is a real find for lovers of this indicator, since the versatility of the adviser allows you to work real miracles. You can build work with hard stops on the pure work of the indicator

You can use just a regular martingale or include both martingale and

hedging, thereby reducing the lot multiplier against the trend, which significantly reduces risks.

Best Brokers List 

The Scalping With Bollinger Bands EA works  with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Scalping With Bollinger Bands SETTINGS:

Scalping With Bollinger Bands settings

Settings indicator

• Signal timeframe

• Period

• Number of standard deviations

• Shift relative to the price

• Price type

• From which bar does the signal control settings

• Reverse signals - when this option is enabled, the signals will be reversed, and BUY

  will open where SELL opened and vice versa.

• Cross-closing - if you enable this option, orders will be closed when returning the signal. If you turn off the martingale, then we will see the clean work of the adviser on the built-in indicator (clean working out by signals).Lot settings
• Start lot - start (fixed) a lot of orders.
• Money management - the amount for the minimum lot is 0.01 (or 0.10 if any restrictions). Formula: Lot = Balance / MM * Min. lot.Closing orders. All stops and profits are virtual (invisible to the broker)
• Take profit in points.
• Take the profit multiplier.
• Close by Close candles. A new option essentially replacing the trailing stop. It allows you to close a deal only after the closing of the bar on which the required profit was formed, taking into account the take profit.
• Stop loss in points.
• Stop loss multiplier (multipliers only apply to take profit and stop loss in pips).
• Take profit in % - from the total deposit. For example, a deposit of 2000 USD, with the value here 20 = 2000*20% = 200 USD. With a plus of 200 USD, the adviser will close all transactions.
• Stop loss in % - of the total deposit. For example, a deposit of 2000 USD, with the value

  here 20 = 2000*20% = 200 USD. With a minus of 200 USD, the Scalping With Bollinger Bands will close all trades.

  Martingale settings

• Martingale strategy. There are 3 options to choose from - "Off" (martingale disabled), "Multiply" (multiply the next lot), and "Plus" (plus the initial lot).
• Step of orders.

• Step multiplier.

• Lot multiplier.

• Enable hedging.
• Lot multiplier by trend.

  Safety

• Stop trading. If you enable this option, the Scalping With Bollinger Bands will bring orders to profit and will not continue trading until this option is disabled.
• Auto translation to 5 characters.

  Advisor settings

  Settings indicator

  • Signal timeframe

  • Period

  • Number of standard deviations

  • Shift relative to the price

  • Price type

  • From which bar does the signal control settings

  • Reverse signals - when this option is enabled, the signals will be reversed, and BUY

    will open where SELL opened and vice versa.

  • Cross-closing - if you enable this option, orders will be closed when returning the signal. If you turn off the martingale, then we will see the clean work of the adviser on the built-in indicator (clean working out by signals).Lot settings
  • Start lot - start (fixed) a lot of orders.
  • Money management - the amount for the minimum lot is 0.01 (or 0.10 if any restrictions). Formula: Lot = Balance / MM * Min. lot.Closing orders. All stops and profits are virtual (invisible to the broker)
  • Take profit in points.
  • Take the profit multiplier.
  • Close by Close candles. A new option essentially replacing the trailing stop. It allows you to close a deal only after the closing of the bar on which the required profit was formed, taking into account the take profit.
  • Stop loss in points.
  • Stop loss multiplier (multipliers only apply to take profit and stop loss in pips).
  • Take profit in % - from the total deposit. For example, a deposit of 2000 USD, with the value here 20 = 2000*20% = 200 USD. With a plus of 200 USD, the adviser will close all transactions.
  • Stop loss in % - of the total deposit. For example, a deposit of 2000 USD, with the value

    here 20 = 2000*20% = 200 USD. With a minus of 200 USD, the Scalping With Bollinger Bands will close all trades.

    Martingale settings

  • Martingale strategy. There are 3 options to choose from - "Off" (martingale disabled), "Multiply" (multiply the next lot), and "Plus" (plus the initial lot).
  • Step of orders.

  • Step multiplier.

  • Lot multiplier.

  • Enable hedging.
  • Lot multiplier by trend.

    Safety

  • Stop trading. If you enable this option, the Scalping With Bollinger Bands will bring orders to profit and will not continue trading until this option is disabled.
  • Auto translation to 5 characters.
  • Trading by bars - we recommend enabling it. This will save you from draining on sharp

    jumps at news releases

    Maximum lot.

    The maximum number of knees (when working with martingale). • Maximum spread (for start orders only). • Maximum slippage. • Expert ID - identification number (Magic Number).

• Opening hours for start orders. Martingale works at any time.

• Monday - on/off. • Hour of start. • Start minute. • Stop hour.

• Minute rate.

• Tuesday - on/off. • Hour of start. • Start minute.

• Stop time.

• Minute rate.

• Wednesday - on/off.

• Hour of start. • Start minute.

• Stop time.

• Minute rate.

• Thursday - on/off. • Hour of start. • Start minute.

• Stop time.

• Minute rate.

• Friday - on/off. • Hour of start. • Start minute. • Stop hour.

• Minute rate.

  Graphics settings

• Graphics - on/off. Be sure to turn off the graphics when testing the robot in strategy tester! This will greatly increase the speed of testing!

• Panel color (background).

• The color of the panel's borders (border).

• Color information.
• Flower of profit.
• Loss color.
• New knee color - level color for placing new orders (if a martingale is enabled). It should be taken into account that if the level is broken when trading by bars is enabled, the order will be opened from a new bar.
• Color of buy orders.
• Color of sell orders.
• Comment to orders. If desired, the robot can be used on banner

  options by setting the expiration time in the comment.

What does the tester say?

So let's race for 3 years. From 2018.01.01 to 2021.01.01. Pair GBPUSD, spread 3 pips, leverage 1:1000, and quote quality 90%. Starting deposit 5000 dollars. We take the settings from this set file.

Scalping With Bollinger Bands Result

Scalping With Bollinger Bands? As a result, we get 18,017 USD out of 5,000 dollars. The maximum drawdown was 50.59%. The total increase is from 5% to 15% per month. This is about 60% per annum. All this in dollars, which is not bad enough for stable and smooth trading.

However, no matter what the strategy tester tells us, reality can be very strong for him.

differ. That is why we recommend betting on a demo account for at least a couple of months. Well, or to a cent account with a deposit of 50 USD (that's 5,000 cents).

There should not be a strong divergence with the tester, since the strategy is not based on news, scalping, and high market volatility, however, there may be a difference, since most brokers usually have quotes from previous years for some reason

warped.

You can increase the risks and earn in an aggressive mode, however, in this case, it is advisable to adjust the trading time by choosing the best hours for the robot to work.

Scalping With Bollinger Bands Free Download

We highly recommend trying the Scalping With Bollinger Bands EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

Get Scalping With Bollinger Bands