Night Owl v2

🦉 Night Owl v2.0 [XAUSD] - Smart Automated Trading

Night Owl is a fully automated Expert Advisor  enhanced with modern risk management features and trend filters.

Core Strategy:

• Donchian Channel Breakout

• Entry on breakout of recent highs/lows

• Exit on reverse breakout

Key Features:

📊 ADX Trend Filter

• Optional ADX filter (default 25 threshold)

• Only trades in trending conditions

• Configurable period and threshold

💰 Advanced Risk Management

• ATR-based dynamic stop loss

• Fixed stop loss option

• Risk/Reward ratio based take profit

• Fixed take profit option

• Auto lot sizing based on account risk %

• Manual lot size option

📈 Position Management

• Pyramiding support (multiple units)

• Opposite signal position closing

• Configurable magic number

• Slippage control

🛡️ Safety Features

• 350-day filter option

• Separate long/short trade toggles

• Minimum stop distance validation

• FOK order filling policy

📁 Data Export

• CSV export functionality

• Exports: OHLC, ADX, ATR, MAs, signals

• Configurable export frequency

Input Parameters:

• Entry Breakout: 20 periods

• Filter Breakout: 55 periods

• Exit Breakout: 10 periods

• ADX Period: 14 (threshold 25)

• ATR Period: 20 (multiplier 2.0)

• Risk: 2% per trade

• Max Pyramiding Units: 1-10

Technical Requirements:

• Platform: MetaTrader 5

• Language: MQL5

• Any timeframe (recommended: Daily)

• Any forex pair, indices, or commodities

Installation:

1. Copy .ex5 file to MQL5/Experts folder

2. Attach to chart

3. Configure parameters

4. Enable AutoTrading