Auto Trade with BB
Info
The Auto Trade with BB is a Expert Advisor for MetaTrader 4 that this trading strategy is based on the relative strength index (rsi), commodity channel index (cci), and bollinger bands (bb). Time Frame: 1 hourTrading Logic:- If RSI and CCI are trending down with BB, initiate a sell trade.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Auto Trade with BB
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This trading strategy is based on the Relative Strength Index (RSI), Commodity Channel Index (CCI), and Bollinger Bands (BB).
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Manual Trade Pad for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
This trading strategy is based on the Relative Strength Index (RSI), Commodity Channel Index (CCI), and Bollinger Bands (BB).Also recommended: Trade Error Classifier and Recovery for MQL4 - similar expert with strong performance on MetaTrader 4.
Time Frame: 1 hour
Trading Logic:
- If RSI and CCI are trending down with BB, initiate a sell trade.
- Otherwise, consider a buy trade or wait for a more favorable condition.
Additional Features:
- Option to select buy or sell trades.
- Trading time selection.
- Automatic lot control.
- One position at a time.
Recommendations:
- This strategy is for educational purposes only. The author is not responsible for any losses incurred.
- It is recommended to disable the auto lot option to prevent unexpected increases in lot sizes.
- Always test new strategies on a demo account before using real funds.
Note: This strategy was originally designed in 2026.
You may also like: Trade Manager MT4: Advanced Position Management for MetaTrader 4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input string program="forex";
input bool openbuy=true;
input bool opensell=true;
input int gmttrade_start=12;
input int gmttrade_stop=19;
input int bb_period=50;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.