Automated trading tool designed to work with the popular Bollinger Bands technical analysis indicator.
Helps traders identify potential entry and exit points in the market based on the price movements within the Bollinger Bands tunnel.
Uses a simple moving average line and two outer bands calculated based on standard deviation to create the tunnel.
Automatically buys or sells currency pairs when the price reaches the outer bands of the Bollinger Bands tunnel.
Compatible with the MetaTrader 4 platform and all major Forex currency pairs.
User-friendly with customizable settings to suit individual trading preferences.
Can potentially be a useful addition to a trader’s toolbox, but caution and appropriate risk management techniques should always be exercised when using any automated trading tool.