Ea bollinger bands mq4


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When the bands lie close together a period of low  volatility   in stock price is indicated. When they are far apart a period of high volatility in price is indicated. When the bands have only a slight  slope   and lie approximately parallel for an extended time the price of a stock will be found to oscillate up and down between the bands as though in a  channel .

MT4 expert (FX_Multi-Meter_) | Forex Indicators Guide

As you have probably noticed, the middle Bollinger Bands line is simply a 75 SMA (default) line. This Simple Moving Average (SMA) is by itself a widely used stand alone indicator, which help Forex traders identify prevailing trends and confirm trading signals.

Bollinger Bands® | Forex Indicators Guide


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Only when all three conditions are meet you can enter the BUY order for SELL order you should wait for opposite orders. Setting SL is right above / below the Bollinger Bands Stop Indicator. When Bollinger Bands Stop Indicator moves you should follow it with the SL.

Bollinger Bands  is a techinacal analysis tool invented by john Bollinger in the 6985s. Having evolved from the concept of trading bands, Bollinger Bands can be used to measure the highness or lowness of the price relative to previous trades.

The indicator should be copied directly to "/experts", not "/indicators" folder, and then you should fing it on your platform under "Expert Advisors", not "Custom indicators".

I had seen several strategies and explanations before but, until reading your explanation the light never came on about how useful Bollinger Bands are. Thank you very much!!!

then create an exten bool giving the option of LeftDisplay = true
Last just write an if statment in the init() function.
ex:
if(DisplayLeft==true)
{
DisplayPosition=WindowBarsPerChart()*7
}

The rest is according to the installation guidelines above.
As much as I want everyone to have it installed, I'm not sure I can do the troubleshooting work.

The purpose of Bollinger Bands is to provide a relative definition of  high and low . By definition, prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action to the action of indicators to arrive at systematic trading decisions.


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