# Bands 2

Placing Buy Stop and Sell Stop orders based on Bollinger Bands and custom take profits.

Canonical: https://prismaticalgos.com/compendium/algo/2758-bands-2
Record ID: 2758
Catalog rank: 1387 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://www.mql5.com/en/code/20752
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: any
- timeframes: any
- sessions: Hour start to Hour end
- market_regime: any

## Indicators

- iBands: {"deviations": 2, "period": 20}; applied to: close
- Moving Average: {"period": 14, "price_type": "close", "shift": 0, "smoothing_type": "simple"}; applied to: close

## Recorded long-entry rules

- Close price of bar #0 within iBands and no pending orders

## Recorded short-entry rules

- Close price of bar #0 within iBands and no pending orders

## Recorded exit rules

- Not explicitly stated in the source

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: by iBands or Moving Average - parameter Stop loss type
- Take profit: First Take Profit, Second Take Profit, Third Take Profit
- Position sizing: Lots - pending order volume