BB Return MT4 is a Bollinger Bands-based Expert Advisor (EA) designed for MetaTrader 4, focusing on mean reversion trading, auto risk management and recovery mode scaling. It aims to capture price reversals efficiently while controlling drawdown through adaptive lot sizing and spread filtering.
🔢 Core Trading Parameters
- Take Profit = 450.0 – Closes each trade automatically when it reaches 450.0 points profit.
- Stop Loss = 1500.0 – Limits loss per trade at 1500.0 points to control downside risk.
- Maximum allowed spread = 90.0 – Prevents trading when spread exceeds 90.0 points.
🔢 Risk & Lot Management
- Use auto-risk = true – Enables automatic lot sizing based on account balance.
- Risk per trade (% of balance) = 10.0 – Uses 10.0% of account balance per trade.
- Fixed lot = 0.01 – Default fixed lot size is 0.01 (used if auto-risk is disabled).
🔢 Trade Identification
- Magic number = 270114 – Unique identifier (270114) used to track EA trades.
- Commentary on the transaction = BB_Retum – Adds “BB_Retum” as a comment on each trade.
🔢 Recovery & Strategy Control
- Enable recovery mode = true – Activates recovery strategy to handle losing trades.
- Lot multiplier during recovery = 2.0 – Doubles lot size (×2.0) during recovery sequences.
🔢 Chart & Display Settings
- Show chart background = true – Displays EA background visuals on the chart.
- Show the information panel = true – Enables on-chart information panel display.
- Panel X position = 7 – Sets horizontal position of panel at coordinate 7.
- Panel Y position = 43 – Sets vertical position of panel at coordinate 43.
- Panel text size = 8 – Sets panel font size to 8 for readability.
🔢 Summary
The BB Return MT4 settings are optimized for mean reversion trading using Bollinger Bands, with Take Profit = 450.0, Stop Loss = 1500.0, and Recovery Multiplier = 2.0. Combined with auto-risk at 10.0% and spread filter at 90.0, this EA provides a structured approach to capturing reversals while managing drawdown effectively.
