MagicBands EA MT4 (Latest version) – Unlimited
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MagicBands EA MT4: Non-Standard Bollinger Squeeze Trader
MagicBands EA is an Expert Advisor (EA) whose strategy is based on a non-standard method of reading Bollinger Bands indicator data. Its algorithm detects market consolidation zones and trades the subsequent price movement after volatility subsides. It strictly uses no dangerous trading methods and is optimized for six major currency pairs on the M5 timeframe.
➡️ Vendor website: View here
About the Author
This product is compiled by Evgeniy Zhdan. This author has more than +12 years of experience working on MQL5 with many famous products such as MagicBands EA, IncaGold EA, Stream Z50 EA, PinTrade MT4 and other advisors. Among them, MagicBands EA is his best performing product.
➡️ Delivery time 24h-48h after payment.
➡️ Refund if not delivered.
➡️ You will receive the current version without any limitations (ID+Time).
MagicBands EA MT4 Review
Key Features of MagicBands EA for MT4
🔹Non-Standard BB Logic: Uses a non-standard method for reading the Bollinger Bands indicator data.
🔹Volatility Squeeze Detector: Algorithm determines zones of market consolidation and subsequent sharp volatility.
🔹Hazard-Free Trading: No dangerous trading methods are used, such as Martingale or averaging.
🔹Mandatory SL/TP: Every trade is protected by a Stop Loss (SL) and a Take Profit (TP) setting.
🔹BB Customization: Allows defining Bands TF, Period, and Deviations for indicator calculation.
What is the MagicBands EA trading strategy?
The core strategy focuses on the Bollinger Bands Squeeze and Breakout phenomenon. The EA first identifies consolidation zones characterized by low volatility.
🔹Squeeze and Breakout: Detects market consolidation followed by a sharp increase in volatility.
🔹Post-Volatility Entry: Executes trades after the level of increased volatility decreases, maximizing entry probability.
🔹Profit Trailing: Features an adjustable Start and Step Trailing Stop for dynamic profit locking.
🔹Time-Filtered Trading: Allows setting specific commencement and end hours/minutes for focused trading windows.
MagicBands EA MT4 Review
🔹The MagicBands EA backtest trading results achieved impressive profit performance for 6 years on the EURUSD.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $24,107.18
✅ Win Rate (% of total): 89.32%
✅ Maximum Drawdown: 39.14%
MagicBands MT4 Backtest
🔹The MagicBands EA backtest trading results achieved impressive profit performance for 6 years on the EURCHF.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $98,874.85
✅ Win Rate (% of total): 92.84%
✅ Maximum Drawdown: 30.21%
MagicBands EA Backtest
🔹The MagicBands EA backtest trading results achieved impressive profit performance for 6 years on the GBPUSD.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $1.04 million
✅ Win Rate (% of total): 88.99%
✅ Maximum Drawdown: 27.40%
MagicBands EA MT4 Backtest
Why choose and use MagicBands EA?
🔹Robust Safety: No dangerous trading methods are used, promoting a stable and secure trading environment.
🔹High Versatility: Recommended for six major currency pairs, offering significant diversification potential.
🔹Customizable Risk: Supports both fixed lot sizing and lot calculation based on balance per amount.
🔹Execution Quality: Filters for Max Spread and Slippage ensure better quality trade execution.
🔹Timeframe Efficiency: Optimized for the five minute timeframe for fast, high-frequency signal generation.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | M5 (5 minute chart) |
| Currency pairs | GBPUSD, EURUSD, USDJPY, EURCHF, GBPJPY, USDCAD. |
| Minimum / Recommended deposit | $100 |
| Minimum / Recommended leverage | Any |
| Account types | Any |
| Product type | NoDLL / Unlimited / Unlocked |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com (Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Experts: MagicBands_fix.ex4
Conclusion
In short, MagicBands for MT4 is a powerful breakout trading system built on advanced Bollinger Bands logic to detect market squeezes and volatility surges with precision. Featuring full SL/TP protection, adaptive trailing profit control, and multi-pair versatility, it ensures disciplined and consistent performance. Proven by years of backtesting, MagicBands EA transforms volatility into opportunity—turning market pressure into pure trading power.
User Reviews
Only logged in customers who have purchased this product may leave a review.
🔴 What is MagicBands EA and how does it work?
MagicBands EA is an automated trading system for MetaTrader 4 (MT4) that uses a non-standard approach to Bollinger Bands data. It identifies market consolidation (squeeze) zones and enters trades after volatility subsides, targeting strong directional price moves that follow quiet market periods.
🔴 Which instruments and timeframe work best with MagicBands EA?
The EA is optimized for the M5 (5-minute) timeframe and recommended for six major currency pairs: GBPUSD, EURUSD, USDJPY, EURCHF, GBPJPY, and USDCAD. These pairs provide the volatility and liquidity that match the EA’s Bollinger Bands-based breakout strategy.
🔴 What is the core trading strategy used by MagicBands EA?
MagicBands EA focuses on the Bollinger Bands Squeeze and Breakout phenomenon. It detects when the market consolidates (low volatility) and then trades the subsequent post-breakout movement once volatility normalizes. This helps capture high-probability trades during new market trends.
🔴 Does MagicBands EA use Martingale, Grid, or any high-risk methods?
No. MagicBands EA is a completely safe, non-Martingale, non-Grid EA. It opens only one trade per signal and uses fixed Stop Loss and Take Profit levels. Every trade is independently protected to ensure disciplined risk management.
🔴 How does MagicBands EA handle risk management?
Every position is protected by Stop Loss (SL) and Take Profit (TP) levels. The EA also includes Trailing Stop settings with adjustable Start and Step parameters to dynamically lock in profits. Users can choose between fixed lots or balance-based lot sizing for better risk control.
🔴 What are the backtest results of MagicBands EA?
MagicBands EA has shown strong historical performance across multiple pairs:
✅ EURUSD: $1,000 → $24,107 profit, 89.32% win rate, 39.14% drawdown.
✅ EURCHF: $1,000 → $98,874 profit, 92.84% win rate, 30.21% drawdown.
✅ GBPUSD: $1,000 → $1.04M profit, 88.99% win rate, 27.40% drawdown.
These results demonstrate the EA’s consistency and strong performance under different market conditions.
🔴 Does MagicBands EA require optimization before trading?
No. MagicBands EA is ready to trade immediately using the developer’s optimized default settings. However, advanced users may adjust Bands TF, Period, and Deviations parameters to fine-tune the Bollinger Bands logic according to their broker’s conditions.
🔴 What is the minimum deposit and leverage recommended?
The minimum recommended deposit is $100, and it works with any leverage (1:100 or higher preferred). MagicBands EA is compatible with all account types including Standard, ECN, and Cent accounts, making it suitable for both beginners and professionals.
🔴 Can the EA trade automatically during specific trading hours?
Yes. MagicBands EA includes Time Filter settings that allow users to set the start and end hours/minutes for trading. This feature lets traders avoid high-impact news sessions or trade only during their preferred market hours.
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