BBPlus MT4

Advantages of BBPlus MT4

1. High Precision Scalping Tool: BBPlus MT4 is specifically designed as a high-accuracy reversal signal tool capable of operating on 1-minute time frames, making it ideal for scalping.

2. Versatile Usage Across Currency Pairs: This tool can be used with all currency pairs and time frames, providing traders with timely entry opportunities for optimal trading decisions.

3. Unique Algorithm Integration: By utilizing a basic strategy based on Bollinger Bands touch points followed by a reversal, BBPlus MT4 enhances accuracy through its proprietary algorithm, signaling strong reversal points.

4. Win/Loss Judgement Feature: Traders can verify the tool’s effectiveness against recent market conditions with a built-in win/loss judgement functionality, helping to assess its utility in various market environments.

5. User-Friendly for All Levels: BBPlus MT4 is designed for ease of use, requiring no setup from beginners to advanced traders, allowing immediate utilization.

6. Dedicated Expert Advisor (EA): A dedicated EA is provided for users to validate the performance of this signal tool, making it easier to conduct backtesting and strategy optimization.

7. Increased Trading Frequency: The ability to operate effectively on 1-minute charts allows traders to enhance their trading frequency. Furthermore, using higher time frames is expected to improve signal accuracy.

8. Trend Filter Functionality: Users can leverage the trend filter to execute trades at optimal times during pullbacks and retracements, aligning trades with the prevailing trend direction.

Settings Overview:

• Bollinger Bands Period
• Bollinger Bands Deviation
• Bollinger Bands Shift
• Trend Filter: Only signals in the direction of a specified moving average
• Moving Average Period
• Moving Average Type: Options include SMA, EMA, SMMA, LWMA
• Enable Win/Loss Judgement: Based on specified criteria
• Judgement After n Bars: Determines the outcome after n bars post-signal
• CountBars: Limits the number of bars for lighter calculations
• Arrow Position: Customize arrow sign placement
• Push Alert: Three types of alerts available
• eMail Alert
• Sound Alert

Note: While BBPlus MT4 is compatible with all currency pairs and time frames, its efficacy can vary based on the selected pair. Notably, excellent backtesting results have been observed using AUDCAD.

Disclaimer: The win/loss judgement feature is originally suited for binary options but has been adapted for FX indicators. It’s important to consider that results from EA backtesting may vary due to sample size limitations and reliance on specific settings.