JaguarForex

Course Content
Introduction to Bollinger Reversal Pro
In this module, you'll be introduced to the Bollinger Reversal Pro EA and the basics of how it works. You will learn about Bollinger Bands and their importance in trading, as well as the core strategy of the EA—placing reverse orders when the price hits the outer bands. The module will also explain the built-in filter that checks the pip distance between the upper and lower bands before placing trades, ensuring better trade quality. This sets the foundation for understanding and using the EA effectively.
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Understanding Bollinger Bands with John Bollinger
04:19
What is a Bollinger Band?
09:39
Bollinger Reversal Trade Entries Rules
00:00
Increase accuracy using Entry Filter
00:00
Risk Management – Stop Loss
00:00
Risk Management – Activating Recovery Orders
00:00
Risk Management – Recovery Lot Size Calculation
00:00
Risk Management – Minimum Recovery Distance
00:00
Risk Management – Timing of Operation
00:00
Currency Pairs and Timeframes
00:00
EA Settings Overview
00:00
Installation and Setup
00:00
Troubleshooting and Common Issues
00:00
BollingerReversalPro EA
About Lesson

Lesson 11: Risk Management – Timing of Operation

Avoiding Trades During Major Economic News
Major economic news events, such as interest rate releases, employment reports, or geopolitical announcements, can cause significant volatility, leading to unpredictable price movements. To manage risk effectively, it’s best to avoid trading during these high-impact events, as they can trigger false signals, hit your stop loss, or require recovery orders.

Tools to Track Economic Calendars
You can use tools like ForexFactory.com to track upcoming economic events. Check their economic calendar for high-impact news (marked in red) that could affect the currency markets. Focus on key events like interest rate decisions, GDP reports, and employment data, as these tend to have the biggest market impact.

Configuring the EA to Avoid High-Risk Periods
To prevent trading during high-risk times:

  • Manual Adjustment: Pause the EA manually before major news events and resume trading once the volatility settles.
  • Adjust Risk Settings: If you expect news-related volatility but still want to trade, adjust your risk management by using a wider stop loss or tighter limits.
  • Automatic News Filter: Some EAs have an automatic news filter. If yours doesn’t, pausing the EA manually is your best option.
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