ex s r
Info
The ex s r is a Expert Advisor for MetaTrader 5 that description:exsr is a counter‑trend expert advisor that hunts for market reversals at points of extreme exhaustion. it combines a high‑threshold rsi (oversold < 20 or overbought > 80) with price breakouts beyond bollinger bands (20, ±2) and confirms entry on a reversal candlestick pattern.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ex s r
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
description:exsr is a counter‑trend expert advisor that hunts for market reversals at points of extreme exhaustion.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
description:
exsr is a counter‑trend expert advisor that hunts for market reversals at points of extreme exhaustion. it combines a high‑threshold rsi (oversold < 20 or overbought > 80) with price breakouts beyond bollinger bands (20, ±2) and confirms entry on a reversal candlestick pattern.
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
key features:dual‑indicator filter:
rsi(14):
detects extreme overbought/oversold conditions.
bollinger bands:
validates that price has pierced the outer band.
reversal confirmation:
long only if the previous candle closes bullish after an oversold band‑break.
short only if the previous candle closes bearish after an overbought band‑break.
fixed sl/tp:
user‑defined stop loss (default 150 pips) and take profit (300 pips) set at order entry.
single‐position logic:
only one trade per symbol at a time to avoid conflicting positions.
clean oop code:
uses ctrade for order placement, buffer arrays for indicator data, and modular functions ( copydata , checkbuysignal , checksellsignal ).
input parameters:
magicnumber (ulong):
unique ea id
lots (double):
fixed position size
stoploss_pips / takeprofit_pips (int):
sl/tp in pips
bb_period / bb_deviation (int/double):
bollinger bands settings
rsi_period / rsi_overbought / rsi_oversold (int/double):
rsi settings
ideal for traders seeking systematic counter‑trend entries with clear over‑extension filters and strict risk controls.
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.0"
#property description "Educational code - RobotFX www.robotfx.org"
#include <Trade\Trade.mqh>
CTrade trade;
input string g_section_risk = "#### Risk Management ####";
input double Risk_Percent = 1.0; // Risk per trade as a percentage of account equity
input string g_section_trade = "#### Trade Settings ####";.......
⚠ Limitations & Risk Warning
- 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.