Bollinger Bands Tunnel EA
Bollinger Bands Tunnel EA is One of The Best FREE Successful Expert Advisors
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:
Strong, pure and simple trading logic
Money Management System
High spread and slippage protection
Uses Most Popular Forex Indicator Bollinger Bands
Bollinger Bands Tunnel EA Videos
How to make money with Bollinger Bands indicator! Trade inside Bollinger Bands.
Bollinger Bands Tunnel EA Settings
==== Risk Management ====
==== General Settings ====
==== Bollinger Bands Settings ====
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.
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.
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.