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Envelopes EA

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  • 3.8/5
  • 44 ratings
44 ratingsX
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9.1% 6.8% 18.2% 27.3% 38.6%

About this Expert Advisor

The Envelopes EA uses the Envelopes indicator to enter a trade. If the close of the last bar is above the upper Envelope it enters a Sell Order if the close of the last bar is under the lower Envelope a Buy order is generated.

Versions overview

Functions Basic Advanced Pro
Money Management
Trade on new Bar
Inverse Strategy
Trailing Stop
Break Even
Spread Filter
MA Trend Filter
Trade max. once per Bar
Martingale
Candle Trail
ATR Trail
Day/Time Filter
Reverse on Opposite Signal
Trade Direction

More about this Expert Advisor

  • You can install this Metatrader Expert Advisor on limitless demo and live accounts.
  • Note that this Expert Advisor does not draw any indicator on the chart.
  • You do not understand all the functions? Take a look at our function glossary.
  • The license of every Expert Advisor you download is time limited, but you can re-download newer versions any time in your purchase history.
  • MT4 Basic v1.03
  • MT4 Advanced v1.03
  • MT4 Pro v1.03
  • Nov 11, 2016

  • Added: ReverseOnOppositeSignal to MT4 Pro version
  • Aug 22, 2016

  • Fixed: The CandleTrail and ATR Trail did not work correctly in the MT4 Pro version
  • Jan 13, 2016

  • Minor updates and fixes in all MT4 versions
  • Sep 24, 2015

  • Initial release MT4 Pro
  • Apr 11, 2015

  • Some improvements in all MT4 versions
  • Added “Max once per Bar” function to all MT4 Advanced and Pro versions
  • Feb 07, 2015

  • Initial release MT4 Basic and MT4 Advanced

11 thoughts on “Envelopes EA

  1. dannyen says:

    Hi,

    Is that possible to run the logic as below:
    – I have a buy order open and a sell signal is generated,
    the EA will REMAIN the buy order and open a sell order.
    So i will have both buy and sell order at that time.
    Possible to run that in this Envelopes EA?

    Thanks.

    1. Yannick says:

      This is not possible with the EA by default. A function like “MaxOpenOrders” would be needed.

  2. Ahmed says:

    Hi Yannick,
    There is no “Reverse on opposite signal” on the Envelopes EA Pro.
    Could you please add and upload the new version. I need to buy your Pro EA.
    Thanks

    1. Yannick says:

      Yes, I will make the update this week.

  3. Gurmeetsingh Mehtab says:

    How does one use two Envelopes of different time frames and use the larger one as a direction filter for trades. Which product of yours would enable this ?

    For ex: buy if close > upper band of smaller enveloper & upper band of larger envelope.

    1. Yannick says:

      Currently the Enveloper EA does not do this. Please use the programming service to get a free quote for a custom modification.

  4. Nandarani says:

    What approach would allow for trades in only one direction to be open at the same time? One of my brokers is a US broker. Thank you.

    1. Yannick says:

      The EA does only open one trade at the time. So you can use this EA on an US broker.

  5. mbi72 says:

    Alright, thank you. I’ll be waiting for the update. It’s very important for this strategy to close the open position right away when the opposite signal appear and to not wait to be closed by the stoploss.

  6. mbi72 says:

    Hi: Why didn’t you add the “ReverseOnSignal” option to the Envelope EA? I was testing the free EA and because this function is missing I can’t buy the advance version. If you decide to add it later on, please let me know.

    Thanks

    1. Yannick says:

      I can’t remember why I haven’t included it yet. But I will. You will receive a product update mail when I have added it.

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