Bollinger Bands Inversion EA 5 Backtest and New Optimized Set File for MetaTrader – Trading Systems – June 8, 2024

For Bollinger Band Reversal EA MT4/MT5, the current recommendation is to trade only EURUSD, USDJPY, AUDUSD, GBPUSD,USDCAD, USDCHF (Forex Major) set files with specific settings.

At the bottom of this guide you will find the Bollinger Band Reversal EA MT4/MT5 set file along with detailed instructions and advice.

Note: Although we use a grid/hedge system, the risk is not high. Backtesting is conducted using the Account Step Up method. It means gradually increasing your lot size as you make a profit. This allows you to always calculate your losses based on your available balance. Also, only use specific set files for the mentioned symbols. Failure to choose the appropriate settings file can be dangerous to your account. All set files are optimized for a 15 minute time frame. This reduces the risk to your account by not opening too many grid trades in the event of a sudden big move. We have a higher period moving average filter to determine the trend for the first trade. It also includes a combination of three different Bollinger Band strategies.

I will classify backtesting into three categories.

Pure stop loss and take profit basis with no risky techniques such as martingale applied.

grid based

hedge based