Advanced BB

Advanced BB Forex is an Expert Advisor (EA) trading software that utilizes the Bollinger Band to analyze price imbalances. The software employs the Average True Range (ATR) to measure price fluctuations. This review elaborates on its features, strategies, and performance.

Strategy and Performance

The trading strategy of Advanced BB Forex software revolves around the Bollinger Band and ATR. The software enters trades when volatility increases, and the ATR value aligns with the pre-set parameters. The software has been designed to generate good returns during periods of high volatility and no trend, following the mean reversion principle.

The software was tested on the EUR/USD currency pair from 01.01.2022 to present, with 15-minute time frames. The results showed a remarkable return of 120% with a maximum drawdown of less than 18%.

Input Parameters

The following are the input parameters for the Advanced BB Forex software:

1. Loss_Percent: This represents the maximum amount of loss per trade, expressed in percentage.
2. TP: This refers to the amount of take profit per stop loss. For instance, if Stop Loss is 100 Points and TP = 2, the take profit will be executed when the price moves up or down by 200 Points.
3. MA_Period and MA_Period_D1: These represent the Linear Weighted Moving Average (LWMA) Period for the current time and D1 time, respectively, to measure training.
4. Range: This is the range of LWMA values calculated to test the stability or continuation of the trend.
5. ATR_Period and ATR_Range: These parameters are used for calculating the ATR values and the range of ATR values respectively, to determine the continuity of an increase in volatility.
6. BB_Period: This is the Bollinger Bands period for calculation.

Default Parameters

The software comes with default parameters for new users. These include Loss_Percent = 0.02, TP = 1, MA_Period = 5, MA_Period_D1 = 8, Range = 17, ATR_Period = 17, ATR_Range = 14, and BB_Period = 23.

Other Products from the Same Developer

Other products from the same developer include the Monte Carlo Simulation EA and RS Zone Indicator. The Monte Carlo Simulation EA and Indicator use a Monte Carlo model to calculate the probability of price changes, incorporating the ADX for determining trade entry points. The RS Zone Indicator, on the other hand, plots the support and resistance levels of each asset.

Independent Testing

Interested users can watch independent testing of the Advanced BB Forex software on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product.

Frequently Asked Questions (FAQs)

1. What is Advanced BB Forex Software?

Advanced BB Forex software is an EA trading software that uses the Bollinger Band and ATR to measure price imbalances and fluctuations, respectively.

2. How does the software perform in periods of high volatility?

The software is designed to generate good returns during periods of high volatility and no trend, adhering to the mean reversion principle.

3. Can the input parameters of the software be adjusted?

Yes, the input parameters of the software can be adjusted according to the user’s preferences. However, the software comes with default parameters for new users.

4. Where can independent testing of the software be accessed?

Independent testing of the software can be viewed on the forexroboteasy.com website.

We invite readers who have used the Advanced BB Forex software to share their experiences in the comments section below. This is an independent product review, and we appreciate your honest feedback.