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 13: Installation and Setup

How to Download and Install the Bollinger Reversal Pro EA

  1. Go to the JaguarForex website and find the Bollinger Reversal Pro EA in the software section.
  2. Click the Download button to get the EA file.
  3. Open your MetaTrader 4/5 platform, go to the File menu, and select Open Data Folder.
  4. Inside the data folder, navigate to MQL4/5 > Experts and paste the downloaded EA file.
  5. Close and restart MetaTrader to ensure the EA is installed properly.

Setting Up the EA on Your Chart

  1. In MetaTrader, open the Navigator panel and find the Bollinger Reversal Pro EA under Expert Advisors.
  2. Drag and drop the EA onto the chart of your chosen currency pair and timeframe.
  3. In the settings window, check Allow Live Trading and Allow DLL Imports to enable the EA.
  4. Click OK to activate the EA on your chart.

Configuring Key Settings

  • Lot Size: Set based on your risk appetite and account balance.
  • Stop Loss & Take Profit: Adjust the levels for effective risk management.
  • Recovery Settings: Configure the lot size multiplier and minimum recovery distance if using recovery orders.
  • Timeframe: Choose the timeframe (e.g., M15, H1) that best matches your trading strategy.
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