How to set Bollinger Bands in mt4 chart

 

The Bollinger Bands EA is a forex robot which uses Bollinger Bands to enter a trade. It has 2 different entry strategies. BreakOut: If the last bar closes above the upper band it enters a Sell Order. If the close of the last bar is below the lower band a Buy Order is generated. BreakIn: If the last bar crosses the upper band from above it enters a Sell .

The middle line ML is a usual Moving Average. Adaptive Moving Average adapts to the Forex market changes as With this mechanism, in trending market, Adaptive Bollinger Bands is less likely to change its direction so we can ride on the trend for longer time. Trading Forex, Binary Options - high level of risk.

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