(Mqlrobot) Bollinger Bands Trend EA_MQL4: Trading System Based on Bollinger Bands and Price Trends

(Mqlrobot) Bollinger Bands Trend EA is an automated trading robot that utilizes Bollinger Bands in combination with Follow Trend and Reverse Trend strategies to improve order accuracy. It leverages Bollinger Bands breakouts as entry points while incorporating a risk management system involving Grid Trading and Trailing Stop.

With an automated system that defines trading conditions based on market trends or executes trades when price reversals occur, traders can efficiently use this EA for both trend trading and reverse trend trading.

Key Features of the EA

• Entry Orders Using Bollinger Bands – Executes trades based on Breakout and Rebound principles.
• Supports Follow Trend & Reverse Trend Trading – Trade with the trend or against it.
• Grid Distance & Trailing Stop Support – Enhances risk management efficiency.
• Automatic Profit Closure – Uses Take Profit & Trailing Stop to lock in profits.
• Profit Data Tracking – Records profits and order numbers for better portfolio management.

For more details on automated trading tools, visit MQLRobot

How (Mqlrobot) Bollinger Bands Trend EA Works

1. Bollinger Bands-Based Order Execution

• If the price breaks below the lower Bollinger Band → Open Buy Order.
• If the price breaks above the upper Bollinger Band → Open Sell Order.

2. Candlestick Pattern Filtering

• A reversal candlestick must form at the edge of Bollinger Bands before an order is placed.
• Prevents false signals by using Bollinger Bands breakout conditions.

3. Trend Trading Modes

• Follow Trend Mode – Opens orders aligned with market trends.
• Reverse Trend Mode – Opens orders against the trend when a reversal occurs.

4. Risk Management with Grid & Trailing Stop

• Uses Grid Order & Trailing Stop to mitigate risk and secure profits.
• Opens additional orders based on Grid Distance when price moves with the trend.

5. Automatic Profit Closure System

• Uses Trailing Stop & Profit Target to reduce risk and secure gains.
• Closes orders once profit targets are met.

Why Choose (Mqlrobot) Bollinger Bands Trend EA?

✔ Accurately times trade entries using Bollinger Bands + Candlestick Patterns.
✔ Supports both trend-following and counter-trend trading strategies.
✔ Reduces drawdown with Grid Distance & Automatic Profit Closure.
✔ Customizable Take Profit, Stop Loss & Trailing Stop settings.
✔ Usable across all currency pairs & timeframes.

For more trading automation solutions, visit MQLRobot

Recommended Trading Conditions

• Timeframes (TF): M15, H1, H4
• Best Currency Pairs: EUR/USD, GBP/USD, USD/JPY, XAU/USD
• Broker Type: ECN, Low Spread
• Minimum Investment: $500+ recommended
• Leverage: 1:100 or higher

Download & Start Using Bollinger Bands Trend EA

For more insights on trading systems and automated trading, visit MQLRobot

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