Bollinger Bands RSI MA EA
BB + RSI + MA double-confirmation EA | MT4 | Mean reversion
About Bollinger Bands RSI EA
The Bollinger Bands RSI EA for MetaTrader 4 combines two of the most widely used technical indicators — Bollinger Bands and the Relative Strength Index (RSI) — to generate high-probability trading signals. A Buy signal is generated when RSI (period 14) falls below 45, indicating oversold conditions near the lower Bollinger Band. A Sell signal fires when RSI rises above 55, indicating overbought conditions near the upper band. The double confirmation reduces false signals and improves entry quality.
- Platform: MetaTrader 4
- Indicators: Bollinger Bands + RSI (period 14) + Moving Average filter
- Buy signal: RSI below 45 (oversold)
- Sell signal: RSI above 55 (overbought)
- Type: Mean-reversion oscillator EA
- Source: mql5.com/en/market/product/77141
Key Features
✓ Double confirmation — BB + RSI must align before signal fires
✓ RSI period 14 is a well-tested setting across multiple markets and timeframes
✓ Mean-reversion logic performs well in ranging market conditions
✓ Moving average filter provides additional trend context
⚠ Mean-reversion EAs can suffer in strong trending markets — add trend filter if needed
⚠ Backtest on your preferred pair and timeframe before live deployment