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 9: Risk Management – Minimum Recovery Distance

What is Minimum Recovery Distance?
The Minimum Recovery Distance is the minimum number of pips that must pass between the current price and the previous order before the EA places a recovery trade. This setting prevents recovery orders from being placed too close together, helping reduce the risk of over-trading.

How It Works in the EA
The EA will only place a recovery order if:

  • There is a valid trade signal, and

  • The price has moved farther than the minimum distance set in the EA.

  • Example: If the Minimum Recovery Distance is set to 20 pips, the EA will only place a new recovery trade after the market has moved at least 20 pips away from the last order.

Why Use a Minimum Recovery Distance?
Using a Minimum Recovery Distance helps avoid over-trading by spacing out recovery orders. This improves your chances of a successful recovery while managing risk effectively, as trades are only placed when the market has moved significantly.

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