Blue Moon EA: Advanced EMA Envelope Trading for MT5

Related: Blue Stochastic Oscillator Trading System MT5 - another powerful expert for MetaTrader 5 traders.

Blue Moon EA is an Expert Advisor for MetaTrader 5 that utilizes EMA Envelope signals for potential market reversal identification and employs adaptive basket recovery techniques for automatic trade management.

Also recommended: exp color zerolag jc c x - similar expert with strong performance on MetaTrader 5.

This system is designed for traders who prefer a structured approach to basket management with configurable risk controls.

Unlike many basic grid systems, Blue Moon integrates technical signal generation with controlled basket management and built-in account protection.



Main Features



- EMA Envelope signal detection
- Automatic BUY and SELL entries
- Adaptive basket management
- 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 (e.g., AUDCAD.c)
- Designed for MT5 Hedging accounts



Trading Logic



Blue Moon monitors the market using an Exponential Moving Average (EMA) Envelope.

When price reaches the configured envelope boundaries, the EA can open a position based on the selected settings.

If the market moves 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 automatically closes the basket.



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



Blue Moon 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 Information



Trading involves risk.

This Expert Advisor does not guarantee profits, and past performance does not ensure future results.

Users are advised to understand the strategy and conduct their own testing before live trading.



Category



Expert Advisor

Platform

MetaTrader 5

Version

3.3

Language

English

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#property strict
#property version   "3.40"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#include <Trade/Trade.mqh>
CTrade trade;
input string InpEAName = "BlueMoon EA";
input ulong  InpMagicNumber = 31072026;
input ENUM_TIMEFRAMES InpSignalTimeframe = PERIOD_M5;
input int    InpMAPeriod = 14;
input ENUM_MA_METHOD InpMAMethod = MODE_EMA;

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.