Williams R Bollinger Bands Breakout: Automated MT5 Trading with Verified Results

Williams R Bollinger Bands Breakout appears in this review as a focused 2026 performance analysis of a hybrid momentum indicator designed for MT5. The review examines signal logic, live results, and robustness metrics while noting that Huan Huan Wang is the author and active developer on the MQL5 marketplace. This review assesses the algorithmic rules, execution requirements, and documented results across multiple currency pairs. What makes Williams R Bollinger Bands Breakout unique is its application of Bollinger Bands to a smoothed Williams %R oscillator rather than raw price. By smoothing raw WPR data before calculating standard deviation bands, the indicator filters market noise and highlights significant momentum shifts. The algorithm generates entries when the smoothed WPR breaks above or below the adaptive bands, and it pairs band breakout signals with optional multi-timeframe confirmation to reduce whipsaws. The EA can manage trades with fixed stops, volatility-adjusted stops, and trailing stops while allowing user-defined risk per trade. The indicator handles trending markets and early trend reversals best; it is less effective in prolonged low-volatility chop without additional filters. Backtests and verified results show consistent signal density on H1 and H4 with moderate trade frequency. Expected performance characteristics include a balanced win rate and controlled drawdowns when position sizing rules are applied. Williams R Bollinger Bands Breakout integrates cleanly into MT5 workflows and supports both manual and automated execution styles.