MA + Envelope Breakouts

Related: exp trend envelopes - another powerful expert for MetaTrader 5 traders.

Here is a brief, technical narration of the core logic driving your Expert Advisor. The architecture relies on an equity-based portfolio management model rather than traditional pip-based static targets.

Also recommended: exp color qe m a envelopes digit system - similar expert with strong performance on MetaTrader 5.

1. Entry Logic (Conditionals)

The EA 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, simply running on an independent magic number and deviation parameter).

2. Take Profit (TP) and Stop Loss (SL) Logic

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

When a cycle initiates its first trade (e.g., Buycount == 0 ), the EA 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 ( MyAccountProfit_Buy / MyAccountProfit_Sell ) 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 EA triggers a routine to close all positions for that cycle and resets the cycle state.

Codebase Anomaly Note: In your 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.

3. Execution & State Management

Bar Lock:
To prevent opening hundreds of trades on a single candle, the EA 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.

You may also like: exp color pe m a envelopes digit system - excellent alternative for expert users on MetaTrader 5.

#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.