MA Envelopes - MetaTrader 5 Expert | Grid EA Download - MT4/MT5 Resources

The author of the idea - the screenwriter

mq5 code author - Bara Bashkakon

Note: EA only works on hedging accounts! Dragnets are strictly prohibited!

The Expert Advisor sets pending buy limit orders and stop loss limit orders. The robot uses data from the iMA (Moving Average, MA) and iEnvelopes (envelopes) indicators. The EA only works when a new bar appears, and the working time range is limited: from the start time to the end time.

It is possible to set up to three pending limit orders in each direction forming a grid: each order is assigned a separate magic number. Magic number allocation rules:

If there are inactive pending orders and the server time exceeds the end time , all pending orders will be deleted.

Default parameters, EURUSD M5:

Attachment download

📎 ma_envelopes.mq5 (44.33 KB)

Source: MQL5 #22353