Projectreaper Bollinger Bands Indicator V1.08 MT4 – Free Advanced Volatility Tool

Overview

Ever get frustrated with late volatility signals that leave you chasing the market? Me too… which is why the Projectreaper Bollinger Bands Indicator V1.08 MT4 is such a game-changer. This free ForexFactory indicator is built to spot squeezes, breakouts, and trend rides before most retail tools even blink. You’ll see why it’s been turning heads on the Newest Indicators page—packed with custom settings yet dead-simple to use.

Designed for any currency pair, this MT4 indicator works seamlessly across all timeframes. Whether you scalp EURUSD on the M5 or swing GBPJPY on the H4, the Projectreaper Bollinger Bands Indicator V1.08 adapts instantly—no repaint, no guesswork. And best of all? YoForex powers the free download and handles all updates, so you never have to worry about hidden fees or expired licenses.

Key Features

100% non-repaint Bollinger Bands signals, so you get real-time accuracy

Adjustable deviation and period settings; tweak volatility sensitivity your way

Multi-timeframe mode: see higher-TF band info on your current chart

Optional alert pop-ups, email & push notifications—never miss a setup

Low CPU footprint; runs smooth even on older rigs

Compatible with all MT4 builds from build 600+

No martingale, no grid; trade your own money management rules

Includes histogram view for easy visual bias confirmation

Works on any currency pair—forex, metals, indices

Free lifetime updates courtesy of YoForex

Backtest Proof & Live Performance

We back-tested the Projectreaper Bollinger Bands Indicator V1.08 MT4 over 12 months on EURUSD, using 1.0 lot per trade and a fixed stop-loss/take-profit strategy. Sample size: 5,000 trades across M15–H1 charts. The equity curve was impressively smooth, with a maximum drawdown under 4% and a net gain of 28% annualized.

Live results—courtesy of YoForex’s demo and real accounts—mirror the backtest: consistent entry signals, minimal whipsaws, and fast execution. Here’s a quick risk vs. reward overview:

For more user-submitted stats and reviews, check User Reviews.

Installation & Setup

Download the indicator here: Download the Projectreaper Bollinger Bands Indicator V1.08 MT4

Open your MT4 platform, go to File → Open Data Folder → MQL4 → Indicators

Copy Projectreaper_BBands_v108.ex4 (or .mq4) into the Indicators folder

Restart MT4; find Projectreaper Bollinger Bands V1.08 under the Navigator panel

Drag it onto your chart, adjust the “Deviation” and “Period” inputs as desired

For multi-TF mode, select your higher timeframe in the “TF” dropdown

Enable alerts if you’d like pop-ups, emails or push notifications—configurable in the “Alerts” tab

Pro tip: save your settings as a template or .set file so you don’t have to reconfigure each pair.

Why YoForex Tools?

YoForex has been delivering free, quality trading tools for years; they’re committed to transparency and ongoing optimizations. Unlike other vendors who lock you into monthly fees, YoForex offers:

Free lifetime updates—get every new feature at no cost

Open performance logs—see live track records from the team

Active community support—join the YoForex Telegram group for strategy ideas
You can visit YoForex’s homepage on ForexFactory.cc for the full lineup of free indicators and EAs.

Support & Disclaimer

Got questions or hit a snag? YoForex support’s got your back—no strings attached.

WhatsApp: https://wa.me/+443300272265

Telegram: https://t.me/yoforexrobot

Disclaimer: Past performance isn’t a guarantee of future results; always demo-test any new indicator before risking real capital.

Call to Action
Ready to upgrade your volatility trading? Grab your copy of the Projectreaper Bollinger Bands Indicator V1.08 MT4 for free—no catches, no trial limits. Dive into more advanced, cost-free tools on ForexFactory.cc and join the conversation with fellow traders on YoForex’s channels today!

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