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

How to Identify Trade Entries

The Bollinger Reversal Pro EA is designed to automatically identify and execute trades when the price interacts with Bollinger Bands. Trade entries are triggered based on the price’s position relative to the upper and lower bands, indicating potential reversal opportunities.

Entry Conditions Based on Bollinger Bands

  • Sell Entry: A sell trade is triggered when the price touches or exceeds the upper Bollinger Band. This suggests that the market may be overbought, signaling a potential reversal to the downside.

  • Buy Entry: A buy trade is triggered when the price touches or drops below the lower Bollinger Band. This indicates that the market may be oversold, signaling a potential reversal to the upside.

Examples of Trade Entries in Different Market Conditions

  • Trending Markets:
    In a strong uptrend, the price may frequently touch the upper Bollinger Band without any significant reversals. In these cases, it’s important to apply additional filters (covered in Lesson 3) to avoid false signals.

  • Ranging Markets:
    In a sideways or range-bound market, the price tends to bounce between the upper and lower Bollinger Bands. This creates more frequent and reliable reversal opportunities as the price rebounds off the bands.

  • Volatile Markets:
    During periods of high volatility, the price can move aggressively, triggering multiple entries. In such markets, it’s crucial to have strong risk management settings in place (e.g., stop loss and recovery orders) to handle these fast-moving conditions.

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