NEXA Bb Keltner Squeeze
- Experts
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Park Seongcheon
Hello,
My name is Park Sung Chan, a developer specializing in MetaTrader 5 algorithmic trading systems.
I design and research long-term, reliable automated trading models based on the structural characteristics and statistical patterns of financial markets. - Version: 1.0
- Activations: 5
Expert Advisor for MetaTrader 5
I. Product Overview
NEXA BB Keltner Squeeze is an automated trading Expert Advisor designed for the MetaTrader 5 platform.
The system evaluates market conditions using the relationship between Bollinger Bands and Keltner Channels in order to identify volatility expansion phases.
The Expert Advisor operates on the H1 timeframe and executes trades only when predefined technical conditions are met on closed candles.
This product is intended to assist traders by automating rule-based trade execution.
It does not guarantee profits and does not replace independent market analysis.
II. Trading Logic Description
The trading logic is based on the following principles:
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Volatility Compression Detection
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The system evaluates periods when Bollinger Bands contract inside the Keltner Channel, indicating reduced volatility.
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Breakout Confirmation
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Trade signals are generated only when a fully closed H1 candle confirms a breakout beyond the defined band levels.
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Incomplete candles and tick-based signals are not used.
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Momentum Filtering (Optional)
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A MACD histogram filter can be enabled to confirm directional momentum.
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Risk Management
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Stop Loss levels are calculated using the Average True Range (ATR).
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Take Profit levels are derived from a fixed Risk-to-Reward ratio.
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III. Trading Environment
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Platform: MetaTrader 5
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Account Type: Hedging accounts supported
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Recommended Timeframe: H1
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Recommended Symbol: GOLD / XAUUSD
(Symbol naming may vary depending on broker)
IV. Input Parameters
▶ General Settings
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Trading Symbol
Defines the symbol used for trading. -
Fixed Lot Size
Sets a fixed trading volume per position. -
Magic Number
Unique identifier for EA positions. -
One Position Only
Limits trading to one open position per symbol.
▶ Trading Time Filter
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Use Trading Time Filter
Enables or disables trading time restrictions. -
Trade Start / End Hour
Defines allowed trading hours based on server time. -
Allow Monday to Friday
Enables or disables trading on specific weekdays.
▶ Indicators: BB / Keltner / MACD
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Bollinger Bands Settings
Period and deviation used for Bollinger Bands calculation. -
Keltner Channel Settings
EMA and ATR parameters used for channel construction. -
MACD Parameters
Settings used for MACD histogram calculation.
▶ Squeeze & Breakout Rules
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Minimum Squeeze Bars
Minimum number of consecutive squeeze candles required. -
Require Squeeze Exit
Allows entry only after a squeeze release. -
Outer Break Reference
Uses outer band levels as breakout reference points.
▶ Risk Management
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ATR Period
ATR calculation period for Stop Loss. -
Stop Loss ATR Multiplier
Multiplier applied to ATR for Stop Loss distance. -
Risk Reward Ratio
Fixed ratio used for Take Profit calculation. -
Minimum Stop Points
Safety buffer for broker stop level requirements.
V. Trade Execution Rules
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Trade conditions are evaluated only once per new H1 bar.
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If entry conditions are not met, no trade is placed.
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Manual intervention during active trades is not recommended.
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Execution results may vary depending on broker conditions and server latency.
VI. Important Notes
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This product does not guarantee profits.
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Past performance or historical behavior does not ensure future results.
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Users are responsible for testing and evaluating the product before using it on live accounts.
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Trading outcomes depend on user settings, broker conditions, and market behavior.
VII. Support Policy
Product support is provided exclusively through the MQL5.com comments section or internal MQL5 messaging system.
External messengers, email support, or third-party platforms are not used.
VIII. Technical Restrictions
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The product is distributed only as a compiled EX5 file.
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No DLL calls, external libraries, or WebRequest functionality are used.
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The product does not collect, transmit, or store personal user data.
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No third-party licensing, payment, or update systems are integrated.
