Expert advisor based on bollinger bands signal, filtered out by simple moving averages. BB will provide us with price tunnel. We will enter major trend based on price closing beyond respective BB boundary signalizing relatively good price within trend for us to enter the trade. Strategy uses aggressive trailing stop without predetermined take profit (it can be set).
For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.
Used forex indicators
Bollinger bands (default period 20) Price closing above upper boundary will trigger the short entry into the major downtrend. Price closing below bottom boundary will trigger the long entry within the uptrend
Moving average: works as battle tested and conservative trend filter. Slow MA 520 trending above fast MA 250 in downtrend and vice versa for uptrend. We will take only trend following trades.
This expert advisor was tested with following settings on 1H EURUSD. Test period: 2013,2014,2015.
Notes to inputs:
Use MM: true setting will enable LotsPer1000 – automatic money management. False settings will only allow stable lot size (Lots).
We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).
To win you must trade with broker on your side.
Dislaimer: Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.
TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.
