OB 200 edge x

A 200 EMA channel + Order Block expert advisor with a built-in signal-indicator mode, strong/weak block filtering, and a live on-chart dashboard.

Overview

OB200 Edge X reads market structure through a dual 200 EMA channel — one EMA plotted on the highs and one on the lows — and locates institutional order blocks inside that channel. It then trades or signals from those zones according to the channel's direction, with full control over risk, stops, and execution style.

The same product works two ways. Run it as a fully automated Expert Advisor, or flip a single on-chart button to turn it into a Signal Indicator that draws clean BUY / SELL arrows and sends alerts without placing any trades. No second purchase, no second chart.

How it works

• Two 200-period EMAs (on High and on Low) form a dynamic channel that defines trend and structure.
• The EA scans for order blocks — the last opposing candle before a strong displacement move.
• Each block is graded by strength: a block is considered strong only when it is validated by the 200 EMA channel line. Thin, easily-pierced blocks that float away from the channel are tagged weak and can be filtered out.
• Entries can fire instantly when a qualifying block forms, or wait for a retest of the zone before triggering.

Key features

• EA mode and Indicator mode in one product — switch live from an on-chart button.
• Order block strength filter — trade Strong only, Weak only, or Both (toggle on the chart or in inputs).
• Order blocks drawn on the chart — strong blocks solid and bold, weak blocks dotted, each clearly labelled.
• Four position-sizing modes — Fixed Lot, % of Balance, % of Equity, or Fixed Money risk.
• Two SL/TP modes — fixed pips, or structure-based (SL on the swing high/low, TP at the previous high/low).
• Trailing stop (optional), plus auto-close management and optional hidden (broker-invisible) SL/TP.
• Robust order handling — broker stop-level and freeze-level aware, spread-buffered stops, trading-session checks, and free-margin checks so orders are not sent when they cannot be filled.
• Professional live dashboard — market data (spread, ATR, daily range, trend, active session), EA statistics (open positions, floating and closed P/L, win rate, last signal), and an economic-calendar news panel colour-coded by impact.
• Clean dark theme — dark navy chart, near-invisible grid, dark green / dark red candles, and a session watermark.

Recommended use

• Symbols: any liquid FX pair, metals, or indices. Tune stop sizes per symbol.
• Timeframe: designed around H1; works on other timeframes — backtest your settings first.
• Account: hedging or netting; ECN/low-spread accounts preferred.
• VPS recommended for uninterrupted automated operation.

Main parameters

• Mode: EA / Indicator (also switchable on-chart)
• Order Block filter: Strong only / Weak only / Both
• EMA channel: period, trend slope lookback
• Order block detection: impulse (ATR multiple or fixed points), lookback, entry mode (Instant / Retest)
• Risk: Fixed Lot / Balance % / Equity % / Fixed Money
• Stop Loss & Take Profit: Pips mode or Strategy (structure) mode
• Trailing stop, auto-close, hidden SL/TP
• Graphics: theme colours, watermark, dashboard, news importance filter

Requirements

• MetaTrader 5
• An active connection for the news panel (the economic calendar does not populate in the Strategy Tester)

Important

This expert advisor is a trading tool, not a guarantee of profit. Past performance and backtest results do not predict future returns. Trading carries substantial risk of loss. Always test thoroughly on a demo account and use risk settings appropriate to your capital before trading live.