Keltener Channels EA

Keltner Channels EA
Expert Advisor that fully automates trading based on the logic of the "Keltner Channels Buy Sell Alerts" indicator.

Added Tom Basso Mode (now default in version 1.10) as a second trading mode alongside the original Closed Candles Mode. See what's new section for details.


Trading logic
The EA opens, manages and closes trades using exactly the same signal and exit rules as the Keltner Channels Buy Sell Alerts indicator:

Entry
Buy signal: previous bar close > upper Keltner band
Sell signal: previous bar close < lower Keltner band

Exit (configurable via input parameter Exit_Mode)
Opposite band cross (default in indicator)
Mid-line (EMA) cross is selected as default in this EA
Return inside the channel (price returns between upper and lower bands)


Every trade uses ATR based stop loss placed at entry price ± (SL_ATR_Mult × ATR value).
Only one position is allowed at a time (no pyramiding). No take profit is used. Exit is performed only by one of the configured conditions or stop loss.
The EA does not draw any objects, channels or arrows on the chart and does not generate alerts. It is designed purely for automatic trading.

Input parameters (configurable when attaching to chart)
MA_Period (default 20) — period of the central moving average
MA_Type (default EMA) — type of moving average (EMA, SMA, SMMA, LWMA)
ATR_Period (default 20) — period for ATR calculation used in bands and stop loss
ATR_Multiplier (default 2.0) — multiplier for channel width (upper/lower bands)
RiskPercent (default 1.0) — percentage of current account balance risked per trade
SL_ATR_Mult (default 3.0) — multiplier for ATR based stop loss distance
Exit_Mode (default EXIT_MID_LINE) — position closing rule: opposite band, midline cross or return inside channel
MaxAllowedLot (default 5.0) — maximum allowed lot size (additional safety limit), but you can change it
MagicNumber (base 30000) — unique identifier for positions opened by this EA
EnableCriticalLogging — false but can be enabled if you want to see more messages in the experts tab
HistoryScanBars — when attached to a chart the EA analyzes the last 500 bars to identify a virtually open trade and if yes it won't place a trade until a fresh breakout signal occurs.

Important notes
The EA is designed to be attached to multiple charts / symbols simultaneously (XAUUSD, forex pairs, commodities, indices, etc.). Each instance uses a unique MagicNumber to avoid interference.
Risk management is balance based and recalculated before every trade.
No martingale, grid or other high risk methods are used.
Before using on a live account, test thoroughly in the Strategy Tester and on a demo account.

Trading involves risk of loss. Past performance is not indicative of future results.

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UPDATE - FEW COPIES LEFT AT CURRENT PRICE! Not For Traders Who Want To Flip An Account In One Month No Martingale / No Grid / No AI Professional Breakout System For XAUUSD, USDJPY, BTCUSD, US30, and DE40 Live Results:  Live Signal  |  Main Portfolio  |  FTMO Results  |  Public Community Prop Firm Ready! The Range Breakout EA Range Breakout EA is based on a well-known market behaviour: changes in volatility between trading sessions. Volatility is usually low during the Asian session, creating a
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Turtles indicator
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This all-in-one trading indicator brings together breakout signals, high and low levels, and a trailing stop with alerts into a single, powerful tool. If you've ever felt overwhelmed by layering too many indicators on your chart, this one simplifies everything while giving you a sharp edge in the markets. It combines three essential elements into a clean, straightforward display that helps you spot entry opportunities, handle risk, and grasp the overall market flow right away. It's especially ha
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Keltner Channels Buy Sell Alerts Keltner Channels are a popular technical analysis tool developed by Chester Keltner in the 1960s, often used by traders to gauge market volatility and identify potential breakout or reversal points. They consist of a central moving average line flanked by upper and lower bands based on the Average True Range (ATR), which helps spot overbought or oversold conditions. Traders typically use them for trend following, where a price breakout above the upper band sign
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Triple Moving Average Buy Sell Alerts This indicator uses a three moving average system to identify trend-following entries and exits. Signals are generated on closed candles and delivered via desktop and mobile push notifications. Triple Moving average fully automated MT5 version here . Trading Logic A buy signal (green diamond) appears when price closes above all three moving averages, the 20-period MA is above the 50-period MA, the 50-period MA is above the 200-period MA, and price is above t
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Overview The Triple Moving Average EA is a trend-following Expert Advisor designed for MetaTrader 5. It uses three moving averages (default periods: 20, 50, 200) to identify trend direction, alignment, and entry triggers. Trades are opened only when strict conditions are met on closed candles, ensuring no repainting or hindsight bias. The EA incorporates ATR-based stop loss for dynamic risk control and balance-based position sizing to risk a user-defined percentage per trade (default 1%). Key f
Turtles 3xATR EA
Daniel-gheorghe Muresan
1 (1)
TURTLES 3XATR EA: A MODERN TREND-FOLLOWING SYSTEM FOR METATRADER 5 The Turtles 3xATR Expert Advisor is a sophisticated automated trading system for MetaTrader 5, engineered to capture significant market trends. Inspired by the principles of the classic Turtle Traders, it employs a disciplined, volatility adjusted breakout methodology combined with robust, rules based risk management. TRADING STRATEGY & LOGIC The EA operates on a pure trendfollowing philosophy. It identifies potential new trends
Turtles EA
Daniel-gheorghe Muresan
Turtles EA - Dual System Breakout This Expert Advisor implements a breakout based trendfollowing trading system using two independent sets of rules. It is designed for hedging accounts and operates on daily timeframe and any symbol. The system includes two separate entry and exit logic. The first set uses a 20 period high/low for entries (buy above the 20 bar high, sell below the 20 bar low) and a 10 period low/high for exits (close longs below the 10 bar low, close shorts above the 10 bar high)
Donchian Channels EA
Daniel-gheorghe Muresan
Donchian Channels EA Expert Advisor that fully automates trading based on the Donchian Channel breakout methodology as described by Tom Basso. Trading logic The EA opens, manages and closes trades using live price action relative to the Donchian Channel bands, calculated exclusively from closed bars. Entry — Buy signal: ask price crosses above the upper Donchian band by at least 1 pip. Sell signal: bid price crosses below the lower Donchian band by at least 1 pip. Stop loss and exit — The oppo
Dual Channel EA DK
Daniel-gheorghe Muresan
Dual Channel EA Expert Advisor that fully automates trading based on a combined Donchian Channel and Keltner Channel breakout methodology, inspired by Tom Basso's approach to trend following. Trading logic The EA opens, manages and closes trades using live price action relative to two channel indicators calculated simultaneously, a Donchian Channel (highest high / lowest low over the lookback period) and a Keltner Channel (EMA ± ATR multiplier). Both indicators share the same period, creating
ATR Trade Manager MT5
Daniel-gheorghe Muresan
Product Description Tired of manually calculating risk for every order or dealing with interfaces that disrupt your workflow? The ATR Trade Manager MT5 is your ultimate MetaTrader 5 solution for placing smart, risk controlled market or pending orders (Buy Stop/Sell Stop) with dynamic, volatility based stop losses. This EA automates the heavy lifting of position sizing and stop loss calculation, allowing you to focus on market analysis and entry decisions. Everything is managed through an intu
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