New free code from MQL5: indicators, EAs, and scripts for traders.
BlueMoon EA is an Expert Advisor for MetaTrader 5 that uses EMA Envelope signals to identify potential market reversals and automatically manages trades using adaptive basket recovery techniques.
Main Features
✔ EMA Envelope signal detection
✔ Automatic BUY and SELL entries
✔ Adaptive basket management
Capture price channel breakouts with the Price Channel Expert Advisor. Precise entries and exits. Explore now.
✔ Progressive lot sizing
✔ Configurable grid distance
✔ Single trade take-profit
✔ Basket profit target
✔ Spread protection
✔ Drawdown protection
✔ Automatic recovery after terminal restart
✔ Real-time monitoring dashboard
✔ Supports broker symbol suffixes (example: AUDCAD.c)
✔ Designed for MT5 Hedging accounts
Trading Logic
BlueMoon monitors the market using an Exponential Moving Average (EMA) Envelope.
When price reaches the configured envelope boundaries, the EA can open a position according to the selected settings.
If the market continues moving against the initial position, additional trades may be opened using configurable grid spacing and progressive lot sizing.
Once the basket reaches the configured profit target, the EA closes the basket automatically.
Risk Management
The EA includes several configurable protection mechanisms:
• Maximum spread filter
• Maximum basket size
• Maximum lot size
• Total drawdown protection
• Optional trading lock after emergency drawdown
• Automatic basket reconstruction after platform restart
Dashboard
BlueMoon includes an information dashboard displaying:
• Current EA status
• Spread
• EMA values
• Envelope levels
• Basket statistics
• Current drawdown
• Next expected action
• Last trading activity
• Account information
Inputs
The EA allows configuration of:
- EMA period
- Envelope deviation
- Initial lot
- Lot increment
- Maximum lot
- Grid distance
- Basket profit target
- Single trade take-profit
- Maximum spread
- Maximum positions
- Drawdown protection
- Dashboard options
Recommended Usage
- MetaTrader 5
- Hedging account
- Low spread broker
- VPS recommended for uninterrupted operation
- Test settings on a demo account before using on a live account
Important
Trading involves risk.
This Expert Advisor does not guarantee profits and past performance does not guarantee future results.
Users are encouraged to understand the strategy and perform their own testing before live trading.
Category
Expert Advisor
Platform
MetaTrader 5
Version
3.3
Language
English
This wording follows the tone typically accepted for the MQL5 Market by describing features and behavior without making unsupported performance claims.
Thanks for reading. Discover premium MetaTrader solutions at RobotFX.
75264
