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 10: Currency Pairs and Timeframes

Using Different Currency Pairs
The Bollinger Reversal Pro EA can be used on any currency pair. However, it’s important to choose a pair that aligns with your risk management settings. Some currency pairs are more volatile than others, which means you may need to adjust your lot size, stop loss, and recovery orders based on each pair’s behavior.

Choosing the Right Timeframes for Optimal Performance
The EA can be applied to different timeframes, from M5 (5-minute) to H4 (4-hour), and each produces different results:

  • M15 (15-minute) is the standard timeframe, offering a good balance between signal frequency and accuracy.
  • Lower timeframes (M5, M15) generate more frequent signals and potentially more profit but come with a higher risk of false signals, leading to more recovery orders.
  • Higher timeframes (H1, H4) generate fewer signals, but these are generally more accurate. You may see fewer trades overall, but the quality of trades can be better.

Tips for Adjusting the EA to Different Pairs and Timeframes

  • Lower timeframes (M5, M15): Be ready for a higher volume of trades and more false signals. Make sure your recovery orders and risk management settings are set up to handle frequent trading.
  • Higher timeframes (H1, H4): Expect fewer trades and longer waiting periods for signals. This requires more patience and a focus on long-term trades.
  • Review the Currency Pair: Always check the behavior and volatility of the specific currency pair you’re using, as this can affect trade outcomes across different timeframes.
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