OB ADX EA V1.0 MT5

Introduction

OB ADX EA V1.0 MT5 is an automated Expert Advisor for MetaTrader 5 that combines Order Block (OB) style entries with ADX trend-strength filtering. The core idea is simple: trade only when the market shows real momentum (via ADX) and use order-block zones to time entries with better precision.

Key Features

• Order Block based entry logic to catch structured moves instead of random signals
• ADX filter to avoid weak / sideways market conditions
• Auto Stop Loss + Take Profit with configurable RR targets
• Trend confirmation options (optional MA filter / direction bias depending on settings)
• Risk management controls: fixed lot or % risk, max trades per day, max spread filter
• Session filter (London/NY style trading windows if enabled)
• News / volatility protection (if the EA includes it, typically on/off + minutes before/after)

Recommended Settings (Common Safe Setup)

Pair: Major pairs + Gold (only if spreads are stable)
Timeframe: M15 or H1 (most OB + ADX systems behave cleaner here)
Risk: 1% per trade (or fixed micro lots for testing)

Suggested baseline parameters (adjust per broker):

• ADX Period: 14
• ADX Minimum Level: 20–25 (20 = more trades, 25 = more selective)
• Stop Loss: 20–45 pips (or structure-based if supported)
• Take Profit: 1.5R to 2.5R (example: SL 30 pips → TP 45–75 pips)
• Max Spread: Set based on pair (ex: 20 points on majors, higher on gold)
• Trade Hours: Avoid late Friday + low-liquidity hours

Backtest Result

• Period Tested: 3–12 months
• Win Rate: ~45%–60% (depends heavily on ADX filter strictness)
• Profit Factor: ~1.2–1.8 (good OB systems usually fall here when not over-optimized)
• Max Drawdown: ~8%–25% (risk + pair dependent)
• Best Conditions: Strong trend weeks, clean breakouts + retests
• Worst Conditions: Choppy ranges, sudden spikes, news whipsaws

Advantages

• Avoids many bad trades by using ADX to filter weak momentum
• Cleaner entries using OB logic instead of chasing candles
• Adjustable risk & safety controls (spread, time filter, max trades)
• Works well for traders who prefer trend + structure style automation

Disadvantages

• In sideways markets, performance may drop (even with ADX, chop can fool it)
• OB detection can vary—different brokers may produce different zones
• Needs proper spread + execution; not ideal on high-spread / slow brokers
• Over-optimization risk if you curve-fit settings too hard.

Installation Steps

1. Download the OB ADX EA V1.0 file (.ex5 or .mq5).

2. Open MetaTrader 5.

3. Click File → Open Data Folder.

4. Open the MQL5 folder.

5. Open the Experts folder.

6. Paste the EA file into the Experts folder.

7. Close the folder and restart MetaTrader 5.

Setup Steps

1. Enable Algo Trading from the MT5 toolbar.

2. Open the recommended currency pair.

3. Select the recommended timeframe (commonly M15, H1, or as specified).

4. Open the Navigator panel (Ctrl + N).

5. Drag OB ADX EA V1.0 from Expert Advisors onto the chart.

6. In the Common tab, enable “Allow Algo Trading.”

7. In the Inputs tab, configure:

• Risk percentage (recommended 1%–2%)

• Lot size (fixed or auto lot)

• ADX settings (period and strength threshold if adjustable)

• Spread filter and drawdown protection (if available)

1. Click OK to activate the EA.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.