Expert Advisor – Bollinger Bands Breakout 1.0

Jan 29,  · RSI Bollinger Bands are used to establish overbought and oversold RSI regions for generation of short and long trading signals. - Free download of the 'RSI Bollinger Bands EA' expert by 'raposter' for MetaTrader 4 in the MQL5 Code Base/5(31).

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Calculation

Principle of operation. The Electric Eagle EA uses Bollinger Bands to enter a trade. If the close of the last bar is above the upper band it enters a Buy Order if the close of the last bar is under the lower band a sell order is generated.

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