BandRider
- Experts
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Rudi Rupian
I started my trading journey in 2008 — not chasing quick profits, but building the discipline to understand how markets truly work. Over the years, I have developed a calm, long-term approach to trading: focused, systematic, and always probability-driven. - Version: 1.0
- Activations: 5
BandRider EA
BandRider EA is an automated Expert Advisor for MetaTrader 5 based on Bollinger Bands and an ATR volatility filter. The EA is designed to identify potential price reversal opportunities while incorporating configurable position management and risk control features.
Overview
The Expert Advisor monitors price interaction with the Bollinger Bands and evaluates market volatility using the Average True Range (ATR) indicator. Trading decisions are executed automatically according to the configured parameters.
Entry Logic
A BUY signal is generated when price closes below the lower Bollinger Band and subsequently closes back inside the band while the ATR filter confirms sufficient market activity.
A SELL signal is generated when price closes above the upper Bollinger Band and subsequently closes back inside the band while the ATR filter confirms sufficient market activity.
Both Bollinger Band conditions and ATR requirements must be satisfied before a position can be opened.
ATR Volatility Filter
The ATR filter is used to avoid opening positions during periods of low market activity. New positions are allowed only when the ATR value exceeds the user-defined minimum threshold.
Position Management
The EA includes a configurable averaging mechanism that may add positions when market conditions meet the specified criteria.
Key features include:
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Adjustable initial lot size
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Configurable lot multiplier
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Maximum position limit
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Distance control between averaging levels
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Automatic recalculation of the average entry price
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Automatic take profit adjustment for managed positions
Risk Management
BandRider EA provides several risk management options:
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Individual Take Profit
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Individual Stop Loss
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Maximum position limit
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Global floating loss protection based on a user-defined USD value
When the total floating loss reaches the configured threshold, all managed positions are closed automatically.
Input Parameters
Signal_Mode
Selects the operating mode:
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Normal
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Reverse
Bollinger Bands Settings
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BB_Period
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BB_Deviation
ATR Settings
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ATR_Period
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ATR_Min_Pips
Position Settings
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Lot_First
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Lot_Multiply
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Max_Positions
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Grid_Pips
Profit and Loss Settings
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TP_Pips
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SL_Pips
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Global_SL_USD
Additional Settings
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One_Cycle_Day
Recommended Usage
The Expert Advisor can be used on various symbols and timeframes. Users are encouraged to perform testing and optimization before using the EA in a live trading environment.
Support
Product support is available through the MQL5 messaging system and the product discussion section.
Risk Disclaimer
Trading financial instruments involves risk and may not be suitable for all investors. Market conditions can change at any time and may affect trading performance. This Expert Advisor is a trading automation tool and does not guarantee any specific result. Users are fully responsible for all trading decisions, parameter configuration, and risk management.
