Box Of Consolidation: Free MT5 Expert Advisor

Overview

The robot calculates a box area using a specified number of candles and enters positions when price moves outside these boundaries. It includes comprehensive trade management features such as fixed stop loss and take profit targets in ticks, trailing stops, and break-even triggers. Additionally, the EA supports three levels of partial profit closing and enforces daily financial limits for account protection. Trading is restricted to specific time windows defined by the user.

Breakout logic based on price accumulation boxes

Three-level partial exit management

Daily profit and loss financial protections

Automated trailing stop and break-even functions

Previous candle high or low stop loss option

Details

Author

erlonfs on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout

Markets

Indices, Forex

Timeframes

M15-H1

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

box_of_consolidation.mq5

Topics

metatradermetatrader5robottrading-bottrading-strategiestrading-algorithmstrading

Source

github.com/erlonfs/box.bad-robot

Input parameters

Read from box_of_consolidation.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Secao1`	`string`	`###############`	### Definições Básicas ###
`HoraInicio`	`string`	`00:00`	Hora de início de execução da estratégia
`HoraFim`	`string`	`00:00`	Hora de término de execução da estratégia
`HoraInicioIntervalo`	`string`	`00:00`	Hora de início intervalo de execução da estratégia
`HoraFimIntervalo`	`string`	`00:00`	Hora de término intervalo de execução da estratégia
`FecharPosition`	`ENUM_LOGIC`	`0`	Fechar posições ao término de horario de execução?
`Volume`	`double`	`0`	Volume
`TipoUltimoPreco`	`ENUM_LAST_PRICE_TYPE`	`0`	Tipo de referência do ultimo preço
`Spread`	`int`	`0`	Spread para entrada na operação em ticks
`Secao2`	`string`	`###############`	### Alvos ###
`StopGainEmTicks`	`int`	`0`	Stop Gain em ticks
`StopLossEmTicks`	`int`	`0`	Stop Loss em ticks

Show all 40 inputs

Name	Type	Default	Description
`Secao3`	`string`	`###############`	### Gerenciamento de Stop ###
`IsStopNoCandleAnterior`	`ENUM_LOGIC`	`0`	Stop na máxima/ mínima do candle anterior?
`SpreadStopNoCandleAnterior`	`int`	`0`	Spread utilizado no ajuste em ticks
`WaitBreakEvenExecuted`	`ENUM_LOGIC`	`0`	Aguardar execução do break even?
`IsPeridoPersonalizadoStopNoCandleAnterior`	`ENUM_LOGIC`	`0`	Utilizar período personalizado?
`PeridoStopNoCandleAnterior`	`ENUM_TIMEFRAMES`	`0`	Período personalizado
`Secao4`	`string`	`###############`	### Trailing Stop ###
`IsTrailingStop`	`ENUM_LOGIC`	`0`	Ativar Trailing Stop?
`TrailingStopInicio`	`int`	`0`	Valor de inicio em ticks
`TrailingStop`	`int`	`0`	Valor de Ajuste do Trailing Stop em ticks
`Secao5`	`string`	`###############`	### Break-Even ###
`IsBreakEven`	`ENUM_LOGIC`	`0`	Ativar Break-Even?
`BreakEven`	`int`	`0`	Valor do break-even, zero é o ponto inicial em ticks
`BreakEvenInicio`	`int`	`0`	Valor de inicio em ticks
`Secao6`	`string`	`###############`	### Financeiro ###
`IsGerenciamentoFinanceiro`	`ENUM_LOGIC`	`0`	Ativar Gerenciamento Financeiro?
`MaximoLucroDiario`	`double`	`0`	Lucro máximo no dia
`MaximoPrejuizoDiario`	`double`	`0`	Prejuízo máximo no dia
`Secao7`	`string`	`###############`	### Realização de Parcial ###
`IsParcial`	`ENUM_LOGIC`	`0`	Ativar saída parcial?
`PrimeiraParcialVolume`	`double`	`0`	Volume da 1ª saída parcial
`PrimeiraParcialInicio`	`int`	`0`	Valor de inicio da 1ª saída parcial em ticks
`SegundaParcialVolume`	`double`	`0`	Volume da 2ª saída parcial
`SegundaParcialInicio`	`int`	`0`	Valor de inicio da 2ª saída parcial em ticks
`TerceiraParcialVolume`	`double`	`0`	Volume da 3ª saída parcial
`TerceiraParcialInicio`	`int`	`0`	Valor de inicio da 3ª saída parcial em ticks
`Secao8`	`string`	`###############`	### Expert Control ###
`NumeroMagico`	`int`	`0`	O número mágico é utilizado para diferenciar ordens de outros robôs

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone erlonfs/box.bad-robot from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .mq5 file into Experts, and any .mqh files into the Include folder the code expects.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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