Project Description
MQL5 Expert Advisor
This project features an automated trading algorithm designed for the MetaTrader 5 (MT5) platform. The strategy combines Bollinger Bands (BB) and Relative Strength Index (RSI) indicators for precise market entries, while the Average True Range (ATR) is used to dynamically set stop-loss (SL) and take-profit (TP) levels. The algorithm identifies potential overbought and oversold market conditions, executing trades with optimized risk-reward ratios. By using ATR-based SL and TP adjustments, the strategy adapts to changing market volatility, making it suitable for various trading environments.
Project Details
This project addresses key challenges in financial trading, such as emotional decision-making, poor trade timing, and ineffective risk management. By automating trading decisions using Bollinger Bands for volatility analysis and RSI for momentum detection, the strategy eliminates emotional bias and ensures precise entry and exit points. It dynamically adjusts stop-loss and take-profit levels based on the Average True Range (ATR), allowing the strategy to adapt to changing market conditions and optimize the risk-reward ratio. The Expert Advisor runs continuously without human intervention, ensuring consistent application of the trading strategy. This approach helps traders maximize profits, minimize risks, and capitalize on market opportunities with greater accuracy and discipline. Here's how I implemented the solution:
- Platform: Metatrader 5
- Programming Language: MQL5
- Strategy Components: MetaTrader 5
- Risk Management: Adjustable lot size, stop-loss, and take-profit factors based on ATR to suit individual trading preferences.
- Bollinger Bands: Identifies price breakouts and volatility levels.
- RSI (Relative Strength Index):Detects overbought and oversold conditions.
- ATR (Average True Range):Dynamically calculates stop-loss and take-profit distances.
How to Use
Follow these simple steps to start using the solution(October V1.00):
- Download the file
- copy file to the .exe file into the MQL5/Experts directory of your MT5 terminal.
- Refresh the Metatrader 5
- Drag and drop the EA onto a preferred chart
- Input Access key, contact me for access key
- Adjust parameters such as LotSize, BBPeriod, BBDeviation, RSIPeriod, ATRPeriod, TPFactor, and SLFactor based on your trading strategy and risk appetite.
- Enable auto trading to activate the EA
- The EA will now monitor the market, execute trades, and manage risk automatically based on the defined logic.
October V1.00
A powerful, automated trading solution that combines Bollinger Bands, RSI, and ATR indicators for precise market entries and exits. Designed for efficient risk management with optimized take profit and stop loss levels, this EA executes trades based on dynamic price action and momentum signals. Ideal for traders seeking a reliable and adaptive trading assistant.
Download EAOctober V1.1
Introducing the new and improved version of our automated trading bot, now more powerful and adaptive than ever! In addition to combining Bollinger Bands, RSI, and ATR for precise market entries and exits, the latest version features multi-timeframe analysis for enhanced signal accuracy, trailing stop-loss functionality to maximize profits while minimizing risks, dynamic lot sizing based on account equity for smarter risk management, and event filtering to avoid high-volatility trades during critical market events. Experience a smarter, more reliable trading assistant designed to elevate your trading performance.
Coming Soon!!EA Test Screenshots
