Bollinger Alerts: MT5 Bollinger Bands Indicator with Smart Alert Notifications

This Bollinger Alerts review for 2026 presents a focused performance and analysis of a classic Bollinger Bands indicator augmented with intelligent alerts. The indicator is authored by Pablo Filipe Soares De Almeida and offered at a $35 price point for MT5, with a 4.5 out of 5 rating from 100 reviews, which is reflected in several real-user reports and backtest summaries. What makes Bollinger Alerts unique is its emphasis on alert discipline: alerts are generated only at candle close and can be tuned for statistical extremity, which reduces intrabar noise and lowers the incidence of premature entries. The algorithm uses the standard three-band setup—upper band, middle moving average, and lower band—then applies adjustable thresholds and optional multi-timeframe confirmation to filter signals. In practice, Bollinger Alerts works best in ranging or mildly trending markets where mean reversion setups dominate and volatility is moderate. The risk management philosophy is conservative by design: alerts are informational, not automated orders, so traders combine alerts with stop loss placement and position sizing rules externally. Expected performance characteristics include moderate trade frequency, higher-quality entries due to close-only alerts, and improved signal clarity when used with volume or momentum filters. For MT5 users seeking a straightforward, data-driven alerting layer over Bollinger Bands, Bollinger Alerts offers transparent settings, consistent plotting, and measurable outcomes when tested on EURUSD and GBPUSD historical data.