Black Panther 2020 EA
Bollinger Bands + Stochastics Scalper | MQL5 #46037 | Dynamic ATR SL/TP
About Black Panther 2020 EA
Black Panther 2020 EA is a professional Expert Advisor for MetaTrader 4, available on MQL5 Market ( #46037 ). The EA employs a Bollinger Bands + Stochastics scalping strategy : it identifies price extremes using Bollinger Bands for volatility context and Stochastics for overbought/oversold momentum, then enters counter-trend scalp trades at the band boundaries. Version 1.5 introduces a "Fix" build for MT4 Build 1420+ compatibility and adds dynamic SL/TP levels calculated from ATR (Average True Range) to adapt to current volatility. A trend-following mode is also available for use in strongly directional markets.
- MQL5 Product: #46037
- Strategy: BB + Stochastics Scalping
- SL/TP Type: Dynamic ATR-Based
- Build Support: MT4 Build 1420+
- Trade Style: Counter-Trend Scalp
- Source: mql5.com/en/market/product/46037
Key Features
✓ Bollinger Bands + Stochastics counter-trend scalping
✓ Dynamic SL/TP calculated from ATR — adapts to volatility
✓ Trend-following mode for directional market conditions
✓ MT4 Build 1420+ compatible (v1.5 Fix build)
✓ Zone-based scaling: adds to position near key BB zones
✓ Available on MQL5 Market · Product #46037
⚠ Counter-trend scalping with zone-based position scaling can increase exposure rapidly during strong trending markets. Bollinger Band touches do not guarantee reversals. Always use proper lot sizing and test settings on a demo account before going live.