ATR Rider
- Experts
- Rudi Rupian
- Version: 1.20
- Activations: 9
ATR Rider is an automated Expert Advisor (EA) for MetaTrader 5, designed for trading XAUUSD (Gold) and other volatile instruments. It uses ATR (Average True Range) Volatility Breakout signals to detect high-momentum market moves, entering trades only after a candle fully closes — ensuring confirmation before execution.
The EA features a smart averaging system that adds positions when the market moves against the initial entry, using ATR-based distance rather than fixed pips — making it adaptive to current market volatility. A built-in loss recovery mechanism automatically extends Take Profit after a Stop Loss event to cover accumulated losses.
Key principle: One direction only per cycle — no hedging, no conflicting positions.
Entry Signal — ATR Volatility Breakout
Signals are confirmed only on candle close. No trade is opened mid-candle.
BUY Signal: Close[1] > High[2] + (ATR[2] × Signal_ATR_Mult) → Last closed candle breaks above the previous candle's High extended by ATR distance.
SELL Signal: Close[1] < Low[2] − (ATR[2] × Signal_ATR_Mult) → Last closed candle breaks below the previous candle's Low extended by ATR distance.
Where:
- Close[1] = Closing price of the most recently completed candle
- High[2] / Low[2] = High and Low of the candle before that
- ATR[2] = ATR value of that reference candle
- Signal_ATR_Mult = configurable multiplier (default: 1.0)
