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

Andrey Khatimlianskyi

4 years ago
updated 2 years ago

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:

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Ulises Cune

2 years ago

Andrey,

I have added this indicator to a script I have made in powershell.

https://communitypowerea.userecho.com/en/communities/7/topics/365-script-to-optimize-the-setting-file-not-the-strategy?redirect_to_reply=3713#comment-3713

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Recep Apaydın

2 years ago

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.

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