Storm Wave Breakout EA – User Guide
1. Overview
The Storm Wave Breakout EA is an automated trading system for MetaTrader 5 that combines
three techniques:
• Bollinger Bands Breakout – Detects when price closes outside the upper/lower band.
• Momentum Indicator – Confirms breakout strength (above/below the 100 line).
• RSI Filter – Filters trades based on trend strength and avoids weak signals.
It also includes money management, spread filter, cooldown between trades, and optional trailing
stop.
2. Entry Logic
• Buy Entry
o Candle closes above the Upper Bollinger Band.
o Momentum > BuyMin (default 100.5).
o RSI ≥ BuyMin (default 55).
• Sell Entry
o Candle closes below the Lower Bollinger Band.
o Momentum < SellMax (default 99.5).
o RSI ≤ SellMax (default 45).
• Close on Reverse (optional): If enabled, the EA closes open trades when the opposite
signal appears.
3. Exit Logic
• Stop Loss / Take Profit
o Fixed in points (default SL = 300, TP = 600).
o Or dynamic: based on Bollinger Band width × multipliers.
• Trailing Stop (optional)o Activates once trade profit ≥ TrailStartPoints.
o SL moves by TrailStepPoints.
4. Inputs & Settings
General
• EA Name → For labeling trades.
• Magic Number → Unique ID for EA trades.
• Allow Long / Allow Short → Enable/disable buy or sell.
Indicators
• Bollinger Bands: Period, Deviation, Applied Price.
• Momentum: Period, thresholds for BuyMin/SellMax.
• RSI: Period, thresholds for BuyMin/SellMax.
Money Management
• Use Risk Percent → true/false.
• Risk Percent → % of balance per trade (if enabled).
• Fixed Lots → lot size if % risk is disabled.
SL/TP
• Use BandWidth SLTP → true/false.
• SL/TP Multipliers → dynamic based on BB width.
• SL Points / TP Points → static mode.
Filters
• Max Spread Points → avoids high spread conditions.
• Cooldown Bars → number of bars before next trade.
• Close on Reverse → exit when opposite signal occurs.
Trailing Stop
• Use Trailing → true/false.
• Trail Start Points → when trailing begins.• Trail Step Points → step size for SL movement.
5. Recommended Settings (Example)
• Symbol: EURUSD
• Timeframe: M5 or M15
• Spread Filter: ≤ 30 points (default).
• Risk Mode: Start with FixedLots = 0.10 for testing.
• SL/TP: 300 / 600 points (or use BandWidth multipliers in volatile markets).
• Trailing Stop: Disabled for backtest, can enable live.
6. Usage Notes
• Best for breakout conditions (after consolidation).
• Avoid high-spread sessions (e.g., rollover times).
• Always forward-test on demo account before live trading.
• Optimize RSI, Momentum, and BB settings per symbol/timeframe.
7. Example Trade
• EURUSD M5.
• Candle closes above Upper BB.
• Momentum = 101.2 (> 100.5).
• RSI = 61 (> 55).
EA enters Buy, sets SL/TP automatically.