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Band Levels Plus (MT4) — review, price and free alternatives
MT4 indicator$99 on MQL5by Louis Wetzel
Band Levels Plus is a MetaTrader 4 indicator by Louis Wetzel, sold on the MQL5 Market for $99. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Band Levels Plus — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Louis Wetzel
- Price
- $99
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Band Levels Plus on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
User Controls for BandLevels+Plus 1.0 This indicator extends standard band levels by plotting seven horizontal lines (three upper, one middle, three lower) based on multiple deviations.
Before you buy Band Levels Plus
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Band Levels Plus
Compiled from its public MQL5 listing. FxRobotEasy has not traded Band Levels Plus; what these notes say about how it works comes from that listing.
Overview
Band Levels Plus by Louis Wetzel represents a comprehensive automated trading solution for MT4 traders. What sets Band Levels Plus apart is its balanced approach to trade execution and capital preservation.
Risk notes
Band Levels Plus implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Louis Wetzel
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Band Levels Plus on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
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The team's notes, every day
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Band Levels Plus or Scalperology AI?
| Band Levels Plus | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($99) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Louis Wetzel | FxRobotEasy |
Band Levels Plus — questions
What is Band Levels Plus?
Band Levels Plus is a MetaTrader 4 indicator published on the MQL5 Market by Louis Wetzel, priced at $99 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Band Levels Plus work on MT4 or MT5?
Band Levels Plus runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Band Levels Plus cost?
Band Levels Plus is a paid product listed at $99 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-10. It is sold and downloaded through the developer's (Louis Wetzel) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Band Levels Plus?
FxRobotEasy has not traded Band Levels Plus on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Band Levels Plus elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.