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Master Bollinger Bands (MT4) — review, price and free alternatives
MT4 expert advisor$30 on MQL5by Alexander Nikolaev
Master Bollinger Bands is a MetaTrader 4 expert advisor by Alexander Nikolaev, sold on the MQL5 Market for $30. 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.
Master Bollinger Bands — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Developer
- Alexander Nikolaev
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Master Bollinger Bands on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
The Expert Advisor opens and closes positions using Bollinger Bands signals: it buys on lower bands when price rolls back, and it sells on upper bands.
Before you buy Master Bollinger Bands
What the developer claims
- It has the option to close positions by an opposite signal, by take profit and stop loss, move a trade to breakeven upon reaching the central Bollinger band or after a certain price movement.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Master Bollinger Bands
Compiled from its public MQL5 listing. FxRobotEasy has not traded Master Bollinger Bands; what these notes say about how it works comes from that listing.
Overview
Master Bollinger Bands by Alexander Nikolaev represents a comprehensive automated trading solution for MT4 traders. What sets Master Bollinger Bands apart is its balanced approach to trade execution and capital preservation.
Risk notes
Master Bollinger Bands 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 Nikolaev
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Master Bollinger Bands 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 tool · from FxRobotEasy
Want free protection for your trading account?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
EASY Fortressby FxRobotEasy
Free MT5 account guard — daily loss limit and drawdown lock. It opens no trades.
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick EASY Fortress and set your limitsIt guards the account and opens no trades.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- EASY Fortress in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Master Bollinger Bands or EASY Fortress?
| Master Bollinger Bands | EASY Fortress | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer |
| Platform | MT4 | MT5 |
| Public account reports | — | Not applicable |
| Made by | Alexander Nikolaev | FxRobotEasy |
Master Bollinger Bands — questions
What is Master Bollinger Bands?
Master Bollinger Bands is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Alexander Nikolaev, priced at $30 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
Does Master Bollinger Bands work on MT4 or MT5?
Master Bollinger Bands 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 Master Bollinger Bands cost?
Master Bollinger Bands is a paid product listed at $30 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-11-27. It is sold and downloaded through the developer's (Alexander Nikolaev) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Master Bollinger Bands?
FxRobotEasy has not traded Master Bollinger Bands 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 Master Bollinger Bands 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.