This simple trading advisor really works. The rules for opening a position are so classic that doubts can arise in its effectiveness. And yet, it works. The proof is not only AMArkets backtest (you can download the advisor on the broker’s website for free), but also reviews on MQL5, whose forum is well respected.

A simple trading advisor for new traders

The advisor was created in 2009, there are almost no versions of it, since it works quite well without optimization. The equity curve on different currency pairs is relatively different: on GBP / USD – wavy, with sharp peaks, on EUR / USD – winding, zigzag, with small drawdowns, on USD / CHF – smoothly ascending. In all cases, the adviser when testing the deposit saved.

The profitability declared by Bektest is 30% for 6 months, the maximum drawdown is 5.85%, the recommended deposit is $ 5,000. USA. Why do we need such a deposit with such a low drawdown, the developers did not explain. This simple trading advisor is based on Bollinger Bands and Sliding.

Rules for opening a buy position:

  • MA_Long should increase;
  • the closing price crosses upward the upper border of the Bollinger channel;
  • The

  • position opens with a stop loss at the level of the bottom line of the Bollinger channel minus reserve points.

The position is closed when the closing price crosses the middle Bollinger line from top to bottom.

There are three options for optimal settings:

  1. For a falling market:
  • Period_MA_Long: Value = 9, Start = 7, step = 1, Stop = 30;
  • Period_BB: Value = 26, Start = 15, step = 1, Stop = 30;
  • reserve: Value = 2, Start = 1, step = 1, Stop = 5;
  • deviation: Value = 1.3, Start = 1, step = 0.1, Stop = 2.
  1. For a neutral market (flat) market:
  • Period_MA_Long: Value = 9, Start = 7, step = 1, Stop = 30;
  • Period_BB: Value = 26, Start = 15, step = 1, Stop = 30;
  • reserve: Value = 2, Start = 1, step = 1, Stop = 5;
  • deviation: Value = 1.3, Start = 1, step = 0.1, Stop = 2.
  1. For a growing market:
  • Period_MA_Long: Value = 8, Start = 7, step = 1, Stop = 30;
  • Period_BB: Value = 15, Start = 15, step = 1, Stop = 30;
  • reserve: Value = 2, Start = 1, step = 1, Stop = 5;
  • deviation: Value = 1, Start = 1, step = 0.1, Stop = 2.

Of course, the settings can be adjusted and optimized for a single currency pair. Then you can make it even more profitable.

Conclusion. Breakthrough BB is a simple trading advisor that can bring moderate profits. Test it better on a cent account. Bollinger Bands once again proved that it is one of the most accurate and optimal indicators for the simplest, though not very profitable, but almost risk-free strategies.

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