The Bollinger Bands Expert Advisor Set executes trades on H1 timeframe for JPY cross pairs (e.g., NZD/JPY, AUD/JPY) using a trend-following strategy optimized for upward markets.
- Entry Volume: Default 0.1 lots (adjustable based on risk tolerance).
- Stop Loss & Take Profit: Both set at 200 pips, ensuring a 1:1 risk-to-reward ratio.
- Indicators Used:
- Bollinger Bands (Period 20, Deviation 3) to exit trades at overbought/oversold boundaries.
- 200 SMA + 800 SMA crossover for trend direction.
- 20-period MA to confirm entry signals.
The JPY cross currency Bollinger Bands Expert Advisor pack utilize a Trend-Following Strategy with Reversal Exit Rules.
Download the EA pack and test it on a Demo Account. For setup instructions, access the Free Expert Advisors Startup Guide.
Disclaimer: These expert advisors are shared for educational purposes. Always test on a demo account first. Proper risk management and thorough backtesting are crucial to ensure their effectiveness.
