MA and Envelope Breakout Strategy

Related: V1N1 LONNY MT5: Asian Range Breakout Day Trader - another powerful expert for MetaTrader 5 traders.

This Expert Advisor employs an equity-based portfolio management model rather than traditional pip-based static targets.

Also recommended: universal breakout study expert advisor for mt4/mt5 - similar expert with strong performance on MetaTrader 5.

Entry Logic:

The Expert Advisor evaluates trading conditions on a per-bar basis, comparing the previous completed candle (Close[1]) and the current developing candle (Open[0]) against indicator buffers.

Cycle 1 (Moving Average): Acts as a basic trend-following module.
Buy: Triggers if Close[1] and Open[0] are both strictly above the MA line.
Sell: Triggers if Close[1] and Open[0] are both strictly below the MA line.

Cycles 2 & 3 (Envelopes): Acts as a breakout or momentum module.
Buy: Triggers if Close[1] and Open[0] are both above the Upper Envelope band.
Sell: Triggers if Close[1] and Open[0] are both below the Lower Envelope band.
(Note: Cycle 3 is a direct clone of Cycle 2 logic, running on an independent magic number and deviation parameter).

Take Profit (TP) and Stop Loss (SL) Logic:

Instead of sending hardcoded SL/TP price levels to the broker, this Expert Advisor manages risk internally by monitoring floating equity.

When a cycle initiates its first trade (e.g., Buycount == 0), the Expert Advisor snapshots the current Account Equity and calculates two monetary thresholds:

Target Price (TP): Initial Equity + (Initial Equity * target_percent / 100)

Risk Price (SL): Initial Equity - (Initial Equity * risk_percent / 100)

Execution:
On every tick, custom functions aggregate the floating profit, swap, and commission for all active positions tied to a specific Cycle's Magic Number. If Initial Equity + Floating Profit hits either the Target (TP) or Risk (SL) threshold, the Expert Advisor triggers a routine to close all positions for that cycle and resets the cycle state.

Codebase Anomaly Note: In the original Cycle 1 Buy logic, the target/risk math divides by 1000 instead of 100, which calculates a 0.1% target instead of 1%. Cycles 2, 3, and Cycle 1 Sells divide by 100.

Execution & State Management:

Bar Lock:
To prevent opening numerous trades on a single candle, the Expert Advisor stores the Open[0] price into open_price. A new trade is only authorized if the current open price differs from the stored variable, ensuring one entry per bar.

Alternation / Grid:
Variables like c1_Buycycle and c1_sellcycle are used to toggle the availability of the opposing signal. For instance, successfully executing a Buy disables further independent Buys but primes the Sell cycle, suggesting a loosely structured hedging or reversal grid.

Updated for 2026.

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#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.02"
#include <Trade\Trade.mqh>
input int risk_percent = 99;
input int target_percent = 1;
input bool cycle1 = true;
input bool cycle2 = false;
input bool cycle3 = false;
input double LotSize = 0.01;

.......

• 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.