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ECN Bot

149 USD

Demo downloaded: 8

Published: 23 May 2025

Current version: 1.1

ECN Bot

Experts
Vitaly But
Vitaly But
PLIP.PRO

Ukraine

435
2 comments
Version: 1.1
Activations: 6

Pefect timeframe : 5 m

ECN Smart / Bot is an automated trading advisor for the MetaTrader 4 platform, based on a price channel strategy combined with signal filtering using the RSI indicator.

🔍 Strategy: Price Channel Pattern

The robot defines channel boundaries using Bollinger Bands:

Upper channel boundary (resistance) is the Upper Band .
Lower channel boundary (support) is the Lower Band .

The robot opens trades when the price reaches the channel boundaries and is confirmed by the RSI value:

Buy if:
- Price breaks or touches the lower channel boundary.
- RSI is below the oversold level.
Sell if:
- Price touches the upper channel boundary.
- RSI is above the overbought level.

Trade Management Logic:

✅ RSI is used as a filter for channel signals.
✅ Trades are closed when the price exits the opposite channel boundary or upon an inverse RSI signal.
✅ Dynamic lot: averages out in case of a losing trade for potential loss recovery.
✅ Lot is adjusted considering MINLOT , LOTSTEP , and MAXLOT .

🛡️ ECN-Compatibility:

The Expert Advisor does not use SL/TP when opening trades, making it compatible with ECN brokers. SL/TP can be added separately via OrderModify() if needed.

✅ Advantages:

Operates within a channel — clear entry and exit levels.
Minimizes risk with RSI filter.
Adaptive lot management with restrictions.
ECN support and order error control.

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ECN Bot

Vitaly But

Pefect timeframe : 5 m

🔍 Strategy: Price Channel Pattern

Trade Management Logic:

🛡️ ECN-Compatibility:

✅ Advantages: