Break The Bands EA v4.0 for MT5 (XAUUSD, 1H)

MQL5 Experts

Specification

I need an Expert Advisor (EA) coded for MetaTrader 5 based on the following specifications:

  • Objective: Autonomous trading on Bollinger Band breakouts, robust across trending and consolidating years.

  • Architecture:

    • Max 1 open trade at a time

    • Ignore opposite signals if a trade is open

    • Spread filter: always execute

  • Indicators (Custom):

    • Bollinger Bands (WMA, length 20, deviation 1.5, source: close)

    • ATR (WMA, length 14)

    • Tick Volume (MA length 20)

  • Money Management:

    • Risk % of equity

    • Dynamic lot size calculation

    • SL = Entry ± (2 × ATR), TP = none initially

  • Entry Rules:

    • Long: bullish candle covers MA and closes above it

    • Short: bearish candle covers MA and closes below it

  • Stop Loss / Take Profit Management:

    • Adaptive SL/TP based on band hits and swing highs/lows (details provided above)

      Deliverables:

      • Source code (.mq5) with clean compilation

      • Adjustable parameters (risk %, ATR multiplier, Bollinger deviation, etc.)

      • Short usage guide


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Project information

Budget
150 - 200 USD
Deadline
from 1 to 3 day(s)

Customer

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