The BB AO EMA is an automated trading Expert advisor (EA) for MetaTrader 5 that combines multiple indicators — Bollinger Bands (BB), Awesome Oscillator (AO), and Exponential Moving Averages (EMA) — to identify entry and exit points with trend confirmation.
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🧩General Parameters
- EA Name:
BB AO EMA V2.6.1
The version of the Expert Advisor being used.
🧩Bollinger Bands (BB) Settings
- BB Period:
20.0
Standard period used to calculate Bollinger Bands — suitable for most market conditions. - BB Shift:
0.0
No shift applied; bands are calculated on the current bar. - BB Deviation:
2.0
Standard deviation multiplier — typical for standard BB setups, capturing ~95% of price action. - BB Timeframes:
current
Uses the current chart timeframe, making it flexible for multi-timeframe setups.
🧩Candle and AO Settings
- Candle SL Timeframes:
current
Stop Loss based on the current timeframe candles. - Candle SL Period:
10.0
Likely measures recent candle movement for dynamic SL calculation. - AO Timeframes:
current
The Awesome Oscillator is calculated using the same timeframe as the chart.
🧩EMA (Exponential Moving Average) Filters
- Use Trend Filter:
false
Trend filtering is disabled — EA trades both directions based on signals rather than overall trend. - Bias EMA Timeframes:
current
EMA trend bias aligns with the current chart timeframe. - Trigger EMA:
9.0
Short-term EMA for entry signal trigger. - Fast EMA:
20.0
Medium-term EMA for momentum detection. - Midfast EMA:
50.0
Used to identify mid-range trends. - Slow EMA:
100.0
Long-term trend indicator. - Trend EMA:
200.0
Represents the overall market trend direction.
This EMA layering structure (9/20/50/100/200) provides both short-term and long-term trend confluence.
🧩Risk Management Settings
- Risk % of Balance per Trade:
1.0
Each trade risks 1% of the total balance — a conservative and sustainable risk level. - Risk Reward Ratio:
2.0
Targets twice the potential reward compared to risk — standard for professional systems. - Use Pip Multiplier:
true
Adjusts pip calculations dynamically based on symbol specifications. - Max SL in Pips:
10000.0
Extremely high limit; effectively disables strict SL cap to allow EA to manage SL dynamically. - Min SL in Pips:
1.0
Ensures a minimal SL exists on all trades.
🧩Trading Session Controls
- Time Start:
1.0, Time End:24.0
The EA trades almost 24 hours per day, starting just after midnight. - Monday–Friday:
true
EA trades all weekdays — a full-week strategy.
🧩Drawdown and Trade Limits
- Use DD Control:
false
Drawdown control is disabled, meaning EA won’t stop trading under DD conditions. - Max Trade:
10.0
Maximum number of open trades allowed at once. - Max Trade per Day:
2.0
Limits to two trades per day — avoids overtrading. - Max Daily Win:
2.0and Max Daily Loss:2.0
EA stops after reaching 2% profit or 2% loss in a single day. - Max Consecutive Loss:
5.0
Prevents continuous losing streaks beyond five trades.
🧩Breakeven and Trailing Settings
- Use Breakeven:
false
Breakeven not enabled — EA does not automatically move SL to entry after profit. - % of Profit to Breakeven:
75.0
If enabled, 75% profit level triggers breakeven move. - Pips Offset:
50.0
SL is moved 50 pips beyond breakeven once activated. - Pipstep:
10.0
Distance between grid trades or scaling levels. - Starting % of Profit to Trail:
20.0
Trailing stop activates once 20% of the profit target is achieved.
🧩Magic Number
- Magic Number:
1217
Unique trade identifier to separate this EA’s orders from others on the same account.
🧩Conclusion
The BB AO EMA EA configuration shown in the image is a balanced trend-following system combining Bollinger Bands, EMAs, and AO for multi-confirmation trading. The risk management is moderately conservative (1% per trade, 2:1 R/R) and the daily limits prevent overtrading. However, disabling the trend filter and breakeven may lead to higher drawdowns in volatile markets.
✅ Recommended Enhancements:
- Enable
Use Trend Filter = truefor better directional accuracy. - Activate
Use Breakevento protect profits during reversals. - Consider lowering
Max SLto avoid excessive exposure.
✅ Summary:
- Strategy Type: Trend-following & Momentum confirmation
- Risk Level: Moderate (1% per trade)
- Trade Frequency: Low (Max 2 trades/day)
- Recommended Timeframes: M15–H1
- Best Use: Swing or intraday trading with medium risk tolerance
