by 
Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
Trading robot · MT5
Walking Up The Bands
Walking Up The Bands is a trend-following expert advisor for MetaTrader 5 based on Bollinger Bands volatility breakouts.
GitHub stars1
Forks1
Last update3 years ago23 May 2023
LicenceMIT
Overview
The robot enters long positions when the price moves above the upper band, attempting to capture the duration of an uptrend. Positions are closed when the price exits via the lower band. It includes a specific price limit parameter to prevent buying near historical highs. The EA uses fixed volume for trade sizing and allows customization of indicator periods and deviations. Notably, the strategy lacks a stop loss mechanism by default.
- Bollinger Bands breakout entries
- Historical price ceiling filter
- Customizable moving average and deviation
- Fixed volume position sizing
Details
Author
Andre-Luis-Lopes-da-Silva on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Topics
algotradingbollinger-bandsmetatrader-5metatrader5mql5setup-trader
Input parameters
Read from Walking up the bands.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Magic | ulong | 123456 | Magic Number |
Volume | double | 100 | Volume |
Limite | float | 38.46 | Limite de preço para evitar o topo histórico |
Periodo | int | 20 | Período |
Desvio | double | 2 | Desvio |
Deslocamento | int | 0 | Deslocar |
Preco | ENUM_APPLIED_PRICE | PRICE_CLOSE | Preço Aplicado |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Andre-Luis-Lopes-da-Silva/Expert-Advisor-for-Setup-Walking-up-the-Bands 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.
- 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.
Similar expert advisors
This MetaTrader 5 expert advisor specializes in trading Gold (XAUUSD) by targeting volatility during the New York session. It utilizes an Average True Range (ATR) indicator to identify market trends and determine entry levels for limit orders. Risk management includes fixed stop loss parameters and dynamic trailing sto
Black XAU is an automated trading robot for MetaTrader 5, specifically designed for gold. It utilizes a multi-timeframe breakout and retest strategy, identifying trading zones based on initial H4 market structure. Entries are triggered on the M5 timeframe when price retests a confirmed breakout level. The expert adviso
This MetaTrader 5 expert advisor implements a box breakout strategy designed for the foreign exchange market. The robot identifies price ranges during specific time windows and enters trades upon a breakout. It features a trend filter using fast and slow moving averages to align entries with broader market direction. R
Binario is a breakout expert advisor for MetaTrader 4 and 5 that utilizes a price channel constructed from two moving averages of the same period. By default, it uses a 144-period exponential moving average applied to both highs and lows. It enters trades when the price moves outside this band by a predefined pip dista
Prop Firm EA Fleet is a collection of MetaTrader 5 robots designed for passing prop firm evaluations and managing funded accounts. The suite utilizes various strategies including market structure analysis, session range breakouts for London and New York sessions, and high-frequency scalping. It features strict risk man
Need a broker for MT5?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers