Bollinger Bands indicator

Bollinger Bands are a popular technical analysis tool that is used to measure the volatility of a financial instrument and identify potential trends and trend reversals. They are composed of a simple moving average (SMA) and two standard deviations of the SMA, plotted above and below the SMA. The resulting bands form an envelope around the price of the financial instrument and can be used to identify overbought and oversold conditions, and potential breakouts.

To use Bollinger Bands effectively, it is important to understand how they are calculated and how to interpret them. The SMA is calculated by summing the closing prices for a given number of periods and dividing the result by the number of periods. The standard deviations are calculated based on the SMA and represent the distance from the SMA to the upper and lower bands.

To interpret Bollinger Bands, you can use the following guidelines:

• When the price is within the Bollinger Bands, it is considered to be in a normal range.
• When the price touches or moves outside the Bollinger Bands, it is considered to be overbought or oversold.
• When the Bollinger Bands are narrow, it indicates low volatility, and when the Bollinger Bands are wide, it indicates high volatility.

One way to use Bollinger Bands is to look for breakouts. When the price breaks out of the upper or lower Bollinger Band, it can be a signal that the trend is about to change. For example, if the price breaks out of the upper Bollinger Band, it could be a sign that the trend is about to turn bearish, and if the price breaks out of the lower Bollinger Band, it could be a sign that the trend is about to turn bullish.

Another way to use Bollinger Bands is to look for overbought and oversold conditions. When the price touches or moves outside the Bollinger Bands, it can be a sign that the financial instrument is overbought or oversold. For example, if the price moves outside the upper Bollinger Band, it could be a sign that the financial instrument is overbought, and if the price moves outside the lower Bollinger Band, it could be a sign that the financial instrument is oversold.

In addition to using Bollinger Bands on their own, they can also be used in conjunction with other technical indicators and chart patterns to confirm trading signals and make more informed trading decisions. For example, a trader could use Bollinger Bands in combination with the MACD (Moving Average Convergence Divergence) indicator to confirm a trend reversal.

In conclusion, Bollinger Bands are a useful technical analysis tool that can be used to identify trends, overbought and oversold conditions, and potential breakouts. By understanding how they are calculated and how to interpret them, traders and investors can use Bollinger Bands to make more informed trading decisions.

RSI indicator

Relative Strength Index (RSI) is a technical indicator used to measure the strength of a financial instrument's price action. It is calculated by dividing the average of the instrument's gains over a given period by the average of its losses over the same period. The resulting ratio is then plotted on a scale of 0 to 100, with high values indicating strength and low values indicating weakness.

To use RSI effectively, it is essential to understand how it is calculated and how to interpret it. The most common period for RSI is 14, but other periods can also be used. To calculate RSI, you will need to apply the following formula:

RSI = 100 - (100 / (1 + RS))

where RS is the average of the instrument's gains over the given period divided by the average of its losses over the same period.

To interpret RSI, you can use the following guidelines:

• Values above 70 indicate that the financial instrument is overbought, and values below 30 indicate that it is oversold.
• A rising RSI indicates that the financial instrument is getting stronger, and a falling RSI indicates that it is getting weaker.
• RSI can also be used to identify trend reversals. For example, if RSI is rising and then starts to fall, it could be a sign that the trend is about to reverse.

One way to use RSI is to look for overbought and oversold conditions. When RSI is above 70, it can be a sign that the financial instrument is overbought, and when RSI is below 30, it can be a sign that the financial instrument is oversold.

Another way to use RSI is to look for divergences between the indicator and the price action. For example, if the price is making higher highs but RSI is making lower highs, it could be a sign that the trend is about to reverse. Similarly, if the price is making lower lows but RSI is making higher lows, it could also be a sign of a trend reversal.

In addition to using RSI on its own, it can also be used in conjunction with other technical indicators and chart patterns to confirm trading signals and make more informed trading decisions. For example, a trader could use RSI in combination with Bollinger Bands to confirm a trend reversal.

In conclusion, RSI is a useful technical indicator that can be used to identify overbought and oversold conditions and trend reversals. By understanding how it is calculated and how to interpret it, traders and investors can use RSI to make more informed trading decisions

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Importance*** please, run EA with a DEMO account to test and understand how it works, before running with a real account. 

EA name: F4N EA09

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Buy: When 2 Bull candlesticks occur above the Exponential moving average line confirm the buy signal with ADX. Close position when the price hits TP or SL.

Sell: When 2 Bear candlesticks occur below the Exponential moving average line confirm the sell signal with ADX. Close position when the price hits TP or SL.

Money management: start the lot initially at 0.02 when depositing 10,000 USD. Martingale lots multiplied = 2.

Backtest: 2020-2022, Net Profit 254%, Drawdown 29%

Platform: MT4, MT5

Broker: FBS

Account: USD Cent 

Currency: EURUSD

Time frame: M5

Initial deposit: 10,000 USDcent

Install the EA and run with the default setting. 

Warning - Disclaimer

⚠️ Forex trading is always risky whether you trade manually or use trading robots. You may even lose all of your investment amounts. Make sure you understand that well before investing.

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Please run EA on currency pair EURUSD and M5 timeframe only.

The minimum initial deposit is 1,000 USDcents (10 USD)

Importance*** please, run EA with a DEMO account to test and understand how it works, before running with a real account. 

EA name: F4N EA07

EA Strategy: RSI confirmed Scalping, martingale lots position when the first order had lost until getting the win, the lot position will set up to lot initial again.

EA Conditions:

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Sell: RSI twice crosses below the sell value to confirm the buy signal, Candle closed below the simple moving average. Close position when the price hits TP or SL.

Money management: start the lot initially at 0.02 when depositing 10,000 USD. Martingale lots multiplied = 2.

Backtest: 2019-2022, Net Profit 407.8%, Drawdown 28.9%

Platform: MT4, MT5

Broker: FBS

Account: USD Cent 

Currency: EURUSD

Time frame: M5

Initial deposit: 10,000 USDcent

Install the EA and run with the default setting.

Warning - Disclaimer

⚠️ Forex trading is always risky whether you trade manually or use trading robots. You may even lose all of your investment amounts. Make sure you understand that well before investing.

⚠️ Invest with capital so that if you lose it, it will not affect your life. Do not borrow money to invest in Forex.

⚠️ Forex is not suitable for students, unemployed people who want to earn money to live daily, and people who want to get rich quickly.

⚠️ If you want to make money from trading forex with EA. Please follow the procedure:

⚠️ Please Do Follow 👉 Back Test 👉 Forward Test (demo) 👉 Forward Test (real) 👉 REAL ACCOUNT

#forex4newbies

#F4N

#mt5ea

#mt4ea

#forexea

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