Bollinger Bands Strategy with TradingConnector Alerts

Add It to Your TradingView Chart

1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

28 lines of Pine Script v5 from BollingerBands Strat + pending order alerts via TradingConnector.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

//@version=5
strategy("Bollinger Bands Strategy with alerts (incl. pending orders) via TradingConnector to Forex", overlay=true, default_qty_value=1000)
source = close
length = input.int(20, minval=1)
mult = input.float(2.0, minval=0.001, maxval=50)
basis = ta.sma(source, length)
dev = mult * ta.stdev(source, length)
upper = basis + dev
lower = basis - dev
buyEntry = ta.crossover(source, lower)
sellEntry = ta.crossunder(source, upper)
if (ta.crossover(source, lower))
    strategy.entry("BBandLE", strategy.long, stop=lower, oca_name="BollingerBands", oca_type=strategy.oca.cancel, comment="BBandLE")
    alert(message='long price='+str.tostring(lower), freq=alert.freq_once_per_bar_close)
else
    strategy.cancel(id="BBandLE")
    alert(message='cancel long', freq=alert.freq_once_per_bar_close)
if (ta.crossunder(source, upper))
    strategy.entry("BBandSE", strategy.short, stop=upper, oca_name="BollingerBands", oca_type=strategy.oca.cancel, comment="BBandSE")
    alert(message='short price='+str.tostring(upper), freq=alert.freq_once_per_bar_close)
else
    strategy.cancel(id="BBandSE")
    alert(message='cancel short', freq=alert.freq_once_per_bar_close)
//plot(strategy.equity, title="equity", color=color.red, linewidth=2, style=plot.style_areabr)
//Lines of code added to the original built-in script: 14, 17, 20 and 23 only.
//They trigger alerts ready to be executed on real markets through TradingConnector
//available for Forex, indices, crypto, stocks - anything your broker offers for trading via MetaTrader4/5
Expand (29 lines)

Overview

Bollinger Bands Strategy with TradingConnector Alerts triggers pending stop orders and outputs formatted alert messages compatible with TradingConnector for automated execution on MetaTrader platforms. Long orders are placed when price crosses above the lower band, while short orders trigger on crossovers below the upper band. Unfilled pending orders are canceled on non-triggering bars. Drawn directly on the price chart, the strategy lacks explicit stop loss and take profit exit rules.

• Standard Bollinger Band calculations
• Pending stop order entries
• TradingConnector alert formatting
• Automatic order cancellation rules

Details

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

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