How to use BollingerBands (BB) as an entry filter?

  • updated

Bollinger Bands — is just a channel based on MA. Channel width is calculated as StDev * Deviation.

So, to use BB as filter, you need MA filter with "Distance type" = "Volatility * Coefficient" and "Points / Coefficient" = Bollinger Deviation you want to use.

That's all )

Example set file — CP EA MT5 2.31 BollingerBands Example.set

And how it works:

Image 1346

Recep Apaydın
I wish you add the "Use Closed Bars Only" feature to start orders with candle closing outside the Bollinger band when you have time.Thanks.