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Blue Marlin RSI Breakout x Envelopes

This EA combines two built-in combined indicators (RSI breakout and Envelopes) to check the trends before performing any trading action. It's engine is provided with:

  1. trailing Stop Loss;
  2. bad time to trade filter for each day of the week;
  3. define in minutes the profitable orders duration;
  4. enable and disable martingale mode;
  5. define the maximum spread value to trade;
  6. define the minimum equity percentage to allow trading;
  7. the input values are already optimized for EURUSD at timeframe M1.
The Strategy
  • This Expert Advisor uses built-in RSI Breakouts and Envelopes indicators where you can set optimized input values for best results;
  • Once you have profitable pending positions it will be pending for the time you define by input in minutes for long and short trades if you decide to use this functionality;
  • It is also provided by Trailing Stop Loss technology;
  • You may define the time you do not want the EA to trade on each day of the week. This way, you may avoid the impact news release time and avoid false signals;
  • You may avoid high spread values by defining by input the maximum spread value allowed for trading operations.

General Inputs

  • Take profit (order profit ceiling): traditional take profit. Orders will automatically be opened with this take profit value.
  • Stop loss (loss limit): traditional stop loss. Orders will automatically be opened with this stop loss value.
  • Lots volume to trade: defines the volume of the orders of this currency pair;
  • Trailing stop loss: this parameter is the traditional trailing stop loss. If you do not want to use it, fill it out with 0 (zero);
  • Maximum number of simultaneous orders: the maximum number of simultaneous open orders of the current symbol. If you do not want to use it, fill it out with 0;
  • Minimum equity percentage to allow opening new orders: used to define the minimum equity required to open new orders in order to protect your equity;
  • Maximum Spread allowed for operations: defines the maximum SPREAD value allowed to your trading operations. Set it to ZERO if you won't use it;
  • Magic Number: this parameter identifies the orders the EA is working with;
  • Double lots volume on gain limit (disabled if = 0): sets martingale volume limit. Set to Zero to disable;
  • Close profitable long orders after N minutes: defines time in mininutes to close all profitalble long orders after N minutes;
  • Close profitable short orders after N minutes: Closes all profitalble long orders after N minutes;

Bad time to trade (MARKET WATCH TIME) 

  • The Starting hour the EA will not trade on Mondays (0..23h): this input defines the starting bad hour the EA will not trade. Disabled if = -1;
  • The Ending hour the EA will not trade on Mondays (0..23h): this input defines the ending bad hour the EA will not trade. Disabled if = -1;
  • The Starting hour the EA will not trade on Tuesdays (0..23h): this input defines the starting bad hour the EA will not trade. Disabled if = -1;
  • The Ending hour the EA will not trade on Tuesdays(0..23h): this input defines the ending bad hour the EA will not trade. Disabled if = -1;
  • The Starting hour the EA will not trade on Wednesdays (0..23h): this input defines the starting bad hour the EA will not trade. Disabled if = -1;
  • The Ending hour the EA will not trade on Wednesdays(0..23h): this input defines the ending bad hour the EA will not trade. Disabled if = -1;
  • The Starting hour the EA will not trade on Thursdays(0..23h): this input defines the starting bad hour the EA will not trade. Disabled if = -1;
  • The Ending hour the EA will not trade on Thursdays(0..23h): this input defines the ending bad hour the EA will not trade. Disabled if = -1;
  • The Starting hour the EA will not trade on Fridays(0..23h): this input defines the starting bad hour the EA will not trade. Disabled if = -1;
  • The Ending hour the EA will not trade on Fridays(0..23h): this input defines the ending bad hour the EA will not trade. Disabled if = -1;
  • Applied price for Indicatorsindicators;

The Internal Envelope Indicators' Inputs:

  • Envelope Mode;
  • Envelopes Time Frame;
  • Envelope Period 1;
  • Envelope Period 2;
  • Envelopes Deviation;
  • Envelope Shift; 
The Internal RSI Indicators' Inputs:
  • RSI Mode;
  • RSI Time Frame 1;
  • RSI Time Frame 2;
  • RSI Period 1;
  • RSI Period 2;
  • RSI Shift;
  • The Signal Shift.

The default input values are already optimized for EURUSD at time frame M1, spread at 14 and hedged account mode.


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