Bollinger Reversal Pro MT5

Bollinger Reversal Pro MT5

SPECIAL INTRODUCTORY PRICE!!

Bollinger Reversal Pro (MT5) is a professional, fully-customisable Expert Advisor that targets reversal setups at the outer Bollinger Bands, filtered by RSI and ADX to avoid weak, choppy signals. It’s simple to run in the MetaTrader 5 Strategy Tester, so you can backtest, optimise, and find parameters that suit any symbol and timeframe.

Packed with features

• ATR-based SL & TP – Adapts to volatility; no more one-size-fits-all levels.
• Currency or % risk – Set a fixed cash amount or a percent; lots auto-calculated from the ATR stop.
• Fixed or trailing SL – Keep a fixed stop or use an ATR trailing stop that never widens initial risk.
• Account protections – Daily drawdown (cash or %) with a custom reset hour, optional daily & total profit targets, and a max-spread filter so the EA skips poor conditions.
• Fully optimisable indicators – Set Bollinger period/deviation and tune RSI/ADX.
• User-defined hours & days – Control sessions and an optional daily “close all” time (handy around news).
• Advanced trade management – Set max open trades and cooldown; hedging toggle; close only or close & reverse on opposite signal.

Inputs overview (plain English)

Bands & filters

• BBPeriod – How many bars the bands look back (the “lookback” window).
• BBDeviation – Band width in standard deviations from the middle band (larger = wider bands, fewer touches).
• RSI_Period, RSIOversold, RSIOverbought – RSI confirmation (e.g., 14 / 30 / 70).
• ADXPeriod, ADXMin – Trades only when ADX meets or exceeds this strength filter.

Risk & exits

• UsePercentageRisk, RiskValue – Risk as % of balance or fixed currency; lot size auto-calculated from the ATR stop.
• ATRPeriod, SlMultiplier – ATR-based stop-loss.
• UseTrailingSL, TrailMultiplier – Optional ATR trailing stop (never widens initial risk).
• TpMultiplier – Multiplier for TP relative to the ATR-based SL.

Trading window & flow

• StartHour, EndHour – Hours the EA may open trades.
• EnableTimedClose, CloseHour, CloseMinute – Optional daily “close all” time.
• MaxOpenTrades – Maximum simultaneous positions (per symbol/magic).
• CooldownMinutes – Minimum time between new entries.

Protections

• UseDrawdownLimit, DrawdownLimitIsPercent, MaxDailyDrawdown, DrawdownResetHour – Daily drawdown guard (cash or %), with a reset hour to match your broker.
• UseMinEquityGuard, MinAccountEquity – Stops trading when account equity gets too low.
• UseProfitTarget, DailyProfitTarget, TotalProfitTarget – Optional daily and overall profit targets.
• MaxSpreadPoints – Blocks new trades if spread (in points) exceeds this value.

Position behaviour

• AllowHedging – Allow both directions at once (true) or block the opposite side (false).
• ActOnOppositeSignal – If an opposite signal appears while in a trade, take action.
• OppositeSignalCloseAndReverse – With the above on, choose close only (false) or close & open the opposite (true).

Misc

• MagicNumber – Unique ID for this EA’s trades.
• TradeMonday…TradeFriday – Pick which weekdays to trade.

Optimisation (MT5 Strategy Tester) EA must be optimised before adding to chart.

1. Open the Tester & pick the basics
   View → Strategy Tester (Ctrl+R)
   Expert: Bollinger Reversal Pro (MT5)
   Symbol & Period: choose what you trade (strategies won’t work on every pair/TF—try a few)
   Use history: last 6 months (recommended to start)
2. Forward setup (optional, recommended)
   Forward optimisation: select a fraction (e.g., 1/4).
   With 6 months of data, this splits into 4.5 months in-sample + 1.5 months forward/out-of-sample so you can see if results hold outside the fitted period.
3. Modelling & speed/accuracy
   Modelling: 1 minute OHLC (great speed/accuracy trade-off for optimisation).
   Delay: 0 ms (zero latency).
   Spread: use Current or set a typical fixed spread for the symbol.
   Tip: After you find a good set, re-test those inputs with Every tick based on real ticks and set delays to your last server ping if you want to approximate live conditions.
4. Account settings (very important)
   Deposit: enter your real balance (or what you plan to use).
   Currency & Leverage: set exactly as your account.
   If these are unrealistic, over-leveraging can become part of the strategy.
5. Optimisation criterion
   Genetic algorithm
   Optimisation by: Balance max (good default).
   You can also try Profit Factor or Expected Payoff later.
   Avoid judging by pips alone across different symbols (point sizes differ).
6. How input ranges work
   In the Inputs tab:
• Unchecked box → the fixed Value is used.
• Checked box → the EA sweeps Start → Stop in Step increments.
  Example: BBPeriod Start=16, Step=2, Stop=24 tests 16, 18, 20 … 24.

Recommended optimisation ranges

Risk (keep it tiny for optimisation)

Use ~0.1% per trade while you’re searching (e.g., 100 for $100,000 accounts). This avoids margin rejection becoming part of the strategy. After you find a stable set, you can scale the risk safely.

• UsePercentageRisk = false, RiskValue ≈ 0.1% of Deposit (e.g., $100 on $100k), Unchecked.

Stops/Targets

• SlMultiplier – Checked: Start 1.0, Step 0.1, Stop 2.0
• ATRPeriod – 14, Unchecked
• UseTrailingSL – Checked: Start false, Stop true
• TrailMultiplier – Checked: Start 1.0, Step 0.1, Stop 2.0
• TpMultiplier – Checked: Start 2.0, Step 1.0, Stop 10.0

Bands & filters

• BBPeriod – Checked: Start 16, Step 2, Stop 24
• BBDeviation – Checked: Start 1.6, Step 0.2, Stop 2.4
• RSI_Period – 14, Unchecked
• RSIOversold – Checked: Start 20, Step 5, Stop 35
• RSIOverbought – Checked: Start 65, Step 5, Stop 80
• ADXPeriod – 14, Unchecked
• ADXMin – Checked:
• M1/M5: Start 15, Step 5, Stop 30
• Higher TFs: Start 0, Step 5, Stop 30

Session & timing (broker server time)

• StartHour / EndHour / Timed Close (CloseHour) – Checked, Step 1 hour
  Pick windows around active sessions. Examples (server time):
• Sydney: Start 2→3, End 4→7, Close 7→9
• London: Start 9→11, End 11→12, Close 12→14
  (Times use broker server time—often EET/EEST ≈ GMT+2/3. Confirm with your broker.)

Position controls

• MaxOpenTrades – Unchecked at 1 (recommended).
  If you want stacking: Checked: Start 1, Step 1, Stop 5
• CooldownMinutes – Checked: Start 0, Step 15, Stop 60
• MagicNumber – Unchecked (this is just the EA’s ID; keep it unique)

Days

• TradeTuesday / TradeWednesday / TradeThursday – true, Unchecked
• TradeMonday – Checked: Start false, Stop true
• TradeFriday – Checked: Start false, Stop true

Protections

• UseDrawdownLimit / UseMinEquityGuard / UseProfitTarget – Set to your prop-firm rules or personal guardrails (usually Unchecked during optimisation; enable with fixed values for live).
• MaxSpreadPoints – Checked: Start 8, Step 2, Stop 28
  (Covers symbol differences: e.g., EURUSD ~2 points vs GBPJPY ~24.)

Hedging & reverse logic (pick one approach)

• Approach 1 (simple hedging):
  AllowHedging = true
  ActOnOppositeSignal = false
  OppositeSignalCloseAndReverse = false
• Approach 2 (flip on signal):
  AllowHedging = false
  ActOnOppositeSignal = Checked: Start false, Stop true
  OppositeSignalCloseAndReverse = Checked: Start false, Stop true

 (If your account type is netting or your broker disallows hedging, use Approach 2.)

Interpreting results (plain English)

1. Start with the Forward tab
   If you turned on Forward optimisation, the Forward Results tab will list candidates.
• Backtest = initial deposit + profit from the first 4.5 months
• Profit = profit from the last 1.5 months (out-of-sample)
  Pick setups that look good in both—if it only wins in one and flops in the other, it’s probably overfit.
2. Open a detailed report
   Right-click a row → Run single test to open Backtest and Forward tabs that show full stats (win rate, drawdown, equity curve, etc.). If it still looks sensible (not one lucky mega-trade), keep going.
3. Freeze the setup and test only the risk
• Set Forward = No, Genetic algorithm = On.
• In Inputs, uncheck everything so your chosen values stay fixed.
• Optimise RiskValue only:
• Percent: UsePercentageRisk=true, then Start=0.1, Step=0.1, Stop=2.0 (0.1%→2.0%).
• Fixed cash: UsePercentageRisk=false. For a $100k deposit, Start=100, Step=100, Stop=2000 (~0.1%→2.0%).
• Click Start. Starting small avoids margin rejections skewing the logic.
4. Spot over-leveraging quickly
   Sort by Total trades. You’ll often see a group of risk values with the same (highest) trade count—the highest risk inside that full-trade group is typically your safe ceiling. Above that, total trades drop (margin rejections) and profit can even decrease.
5. Save your settings & use them on a chart
   In Inputs, right-click → Save to a .set (include symbol/TF/date).
   Attach the EA to a chart → Inputs → Load your set.
   Re-optimise for other symbols/timeframes and save a new .set for each.