Coming all the way from the Amazon rainforest, Toco is proudly presenting his new Bollinger Bands based Expert Advisor.

How it works:

T.B.L. combines multiples indicators and signal triggers to bring the most from Bollinger-Bands squeezes.

Simple and effective, but with the toucan’s twist.

The EA is equipped with a customizable Trailing Stop and AutoLot.

Recommended EURUSD parameters are default ones (at the exception of micro_lot_max)

Report and graph for 2019 1H EURUSD (Broker : Forex.com) in the Comments Section –>

Minimum Deposit : 300€.

Results reliability:

No curve fitting. This product has been tested many times on random time periods provided an excellent history quality.

The trading pair I used to show and optimize the results is EURUSD but feel free to calibrate it for any FOREX pair.

The default parameters of the E.A. are the recommended ones for the latter pair.

Set-up instructions:

• 1H Time-Frame or higher is recommended (BBands breakout must overall be well delimited and clear)
• leverage depends on your initial deposit ant lot size, for instance, at 10 000€ (lot_b=0.1 lot_s=0.01), 1:50 is enough to avoid any risk of “Not enough money” error
• wait_threshold : time in bars the bands should tighten before triggering a signal
• signal_window : signal expiration time in bars
• vol_max : max volume considered before the breakout
• s_b_lim