Bollinger Bands Exit Strategy 8
From the Old Kings archive: Bollinger Bands Exit Strategy 8, a script for MetaTrader 4. As the name suggests, the idea behind it is Bollinger Bands. In the code it works with Bollinger Bands. It can send alerts and can read another timeframe. It has 14 settings, for example Comment1 (default - Strategy Parameters -), EA Activated (default true) and Time Frame (default Min_60). Scripts run once when you drop them on a chart; try it on a demo account first. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Script · MT4 · v1.0 · Free
About Bollinger Bands Exit Strategy 8
Bollinger Bands Exit Strategy 8 is a script for MetaTrader 4 based on Bollinger Bands. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 14 settings, such as Comment1, Ea activated and Time frame. MQL source code included.
Files in the download: Bollinger_Bands_Exit_Strategy.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Comment1 | - Strategy Parameters - | Comment written on the orders |
| Ea activated | true | |
| Time frame | Min_60 | Period or timeframe used by the calculation |
| Bb periods | 20 | Number of bars in the calculation |
| Bb deviation | 2.0 | |
| Comment2 | - Maximum price slippage for buy or sell | Comment written on the orders |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Comment3 | - Order comment text. Last part of the c | Comment written on the orders |
| Comment order | Expert Advisor Order | Comment written on the orders |
| Comment4 | - Should the EA use alerts - | Comment written on the orders |
| Sound alert | true | Turn this alert on or off |
| Email alert | false | Turn this alert on or off |
| Comment5 | - Should the EA orders produce sound - | Comment written on the orders |
| Ea sounds | true | Turn this alert on or off |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Scripts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the script onto a chart to run it once.
Tags: Bollinger Bands · Alerts · Multi-Timeframe (MTF) · MT4 Expert Advisor · MQL4 Source Code