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Double Band Reversal Ind (MT4) — review, price and free alternatives
MT4 indicatorfree on MQL5by Alexander Chertnik
Double Band Reversal Ind is a free MetaTrader 4 indicator by Alexander Chertnik on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Double Band Reversal Ind — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Instruments named in the listing
- EUR/USD, AUD/USD, USD/CHF
- Developer
- Alexander Chertnik
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Double Band Reversal Ind on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Double Band Reversal indicator MT4 Indicator based on bollinger bands and highlights overbought and oversold areas on charts.
Before you use Double Band Reversal Ind
What the developer claims
- strategy of Selling in Pink Areas and Buying in Blue is very suitable for sideways markets like EURUSD AUDUSD EURGBP USDCHF and more.
Quoted from the listing. We have not tested these claims.
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Double Band Reversal Ind
Compiled from its public MQL5 listing. FxRobotEasy has not traded Double Band Reversal Ind; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 Double Band Reversal Ind review examines real performance and trading analysis to help you make informed decisions. Double Band Reversal Ind by Alexander Chertnik represents a comprehensive automated trading solution for MT4 traders. What sets Double Band Reversal Ind apart is its balanced approach to trade execution and capital preservation.
Risk notes
Double Band Reversal Ind 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 Alexander Chertnik
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Double Band Reversal Ind 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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Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
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The team's notes, every day
- What we ship, what breaks and how we fix it
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- Questions answered in the bot
Double Band Reversal Ind or Scalperology AI?
| Double Band Reversal Ind | Scalperology AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Alexander Chertnik | FxRobotEasy |
Double Band Reversal Ind — questions
What is Double Band Reversal Ind?
Double Band Reversal Ind is a MetaTrader 4 indicator published on the MQL5 Market by Alexander Chertnik, and it is listed at no charge. 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 Double Band Reversal Ind work on MT4 or MT5?
Double Band Reversal Ind 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.
Is Double Band Reversal Ind free to download?
Yes -- Double Band Reversal Ind is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-07-16. The file is downloaded from the developer's (Alexander Chertnik) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for Double Band Reversal Ind?
FxRobotEasy has not traded Double Band Reversal Ind 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 Double Band Reversal Ind elsewhere comes from its developer or from a third party.
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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.