BBands Stop EA
Bollinger Bands Stop trend-following EA | MT4 | Colour-change entry
About BBands Stop EA
The BBands Stop EA is an automated trading system built around the BBands Stop (Bollinger Bands Stop) indicator, originally published by GODZILLA on the MQL5 Code Base. The indicator is a modification of Bollinger Bands designed for trend detection and stop-order placement: it displays green dots below price during uptrends (buy signal) and orange dots above price during downtrends (sell signal), changing colour on trend reversal. The EA automates entries on colour change and sets stops above/below the dots.
- Platform: MetaTrader 4
- Indicator base: BBands_Stop_v1 (Bollinger Bands Stop)
- Buy signal: Indicator changes to green (uptrend detected)
- Sell signal: Indicator changes to orange (downtrend detected)
- Stop placement: Above/below the BBands Stop dots
- Community EA settings: Slow BBstop 50,2,1 | Fast BBstop 9,2,1
- Source: mql5.com/en/code/614
Key Features
✓ Trend-following logic — enters in the direction of the established trend
✓ Visual signal: color change from orange to green (or reverse) is unmistakable
✓ Stop placement follows the dots — logical, market-structure-based SL
✓ Dual-period system (fast + slow) filters noise from the slow trend reader
⚠ BBands Stop indicator required in the Indicators folder for the EA to function
⚠ Optimise fast/slow period settings for your target instrument and timeframe