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

Risk Management – Stop Loss

Why Use a Stop Loss?
A Stop Loss is a vital risk management tool that protects your capital by limiting potential losses on any trade. It automatically closes a trade when the price moves against you, preventing losses beyond your comfort level.

How to Set Stop Loss in the EA
The Bollinger Reversal Pro EA allows you to set a Stop Loss for each trade. Simply adjust the Stop Loss parameter in the EA settings based on the currency pair’s volatility and your risk tolerance.

Advantages of Using a Stop Loss

  • Capital Protection: Stop Loss prevents significant losses from unexpected market movements, ensuring you don’t risk your entire account on one trade.
  • Controlled Risk: Predefining your risk limits helps you avoid emotional decisions and reduces downside risks.

Disadvantages of Using a Stop Loss

  • Missed Recovery Opportunities: Sometimes, a Stop Loss can close a trade prematurely due to a false signal or temporary price movement. In such cases, the Recovery Order feature could have helped turn the position into a profit by adding more trades as the market correct
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