The Asymmetric Bollinger Bands Forex indicator for MT4 is a profitable buy & sell BB bands indicator.
Low risk stop losses can be deployed when trading with this indicator.
Trading with the Asymmetric Bollinger Bands is simple and straight forward:
- A buy signal occurs when the bands are sloping up and price touches the lower green band.
- A sell signal occurs when the bands are sloping down and price touches the upper red band.
For scalping and day trading, it’s recommended to utilize the indicator in the London and U.S. trading sessions for best performance.
For swing trading (H1, H4 and D1 charts), it can be uses across all trading sessions without any problem.
Free Download
Download the “asymmetric-bands-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
A long trade should be executed as soon as price touches the lower green Asymmetric Bollinger Band and the overall trend is upwards (bands are sloping up).
A short trade should be executed as soon as price touches the upper red Asymmetric Bollinger Band and the overall trend is downwards (bands are sloping down).
Exit the trade when an opposite trading signal appears on the chart, or for a fixed profit target of your preference.
Set a tight stop loss above or below the Asymmetric Bollinger Bands.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Bands period, bands method, bands price, bands deviations, show middle, color settings & style
Indicator type: trend
Repaint? Does not repaint the Asymmetric Bollinger Bands.
Download Now
Download the “asymmetric-bands-indicator.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the asymmetric-bands-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
