About the Order Blocks Expert Advisor
The Order Blocks automated EA for Metatrader 4 is a profitable trading tool designed around Forex order blocks and the regression channel indicator.
It opens and closes trades once it finds the best trade entry and exit conditions based on a mix of order blocks and the regression channel.
The Order Blocks EA is specifically optimized for the 15-minute and 1-hour trading charts, but should work across all time frames.
Each trade position is protected by a stop-loss order and take-profit target, which can be customized to suit your individual preferences and trading style.
The EA has gained +105.71% return on the account up to date, maintaining a low 8.73% drawdown.
Before using the Order Blocks robot in live trading, we strongly advise testing it on a demo account for at least 60 days.
This trial phase will provide you with a comprehensive understanding of its functionality and performance over an extended period, before using it with real funds.
Free Download
Download the “Order Blocks EA.ex4” expert advisor
Key Features
Order Block Detection
The EA identifies key order blocks, which are areas where significant buying or selling has occurred, indicating potential reversal points in the market.
Regression Channel Integration
By incorporating regression channels, the EA assesses price trends and volatility, aiding in determining optimal entry and exit points.
Automated Trade Execution
Once the EA identifies a valid setup, it automatically places trades, including setting stop-loss and take-profit levels, to manage risk and lock in profits.
Customizable Risk Management
Users can adjust parameters such as lot size, risk percentage, and drawdown limits to align with their individual risk tolerance and trading preferences.
Multi-Timeframe Analysis
The EA analyzes multiple timeframes to confirm trade setups, increasing the reliability of its signals and reducing the likelihood of false entries.
MyFXBook Trading Results
Find below the detailed Order Blocks EA track record. Please click on the image to view it in full size.
Key Points
- Algo trading: 100%
- Gain: +105.50%
- Daily gain: 0.58%
- Monthly gain: 19.21%
- Drawdown: 8.73%
The Order Blocks Forex Robot has demonstrated consistent performance in live market conditions, with verified MyFXBook results showing steady monthly returns and low drawdown.
This indicates that the EA effectively identifies and capitalizes on profitable trade opportunities while managing risk appropriately.
Trading Chart
The picture below shows the Order Blocks Forex robot attached to the Euro/U.S. Dollar 1-hour trading chart.
How the EA Works
- Scans multiple timeframes for order block formations.
- Analyzes price action within regression channels.
- Validates trade setups based on predefined criteria.
- Automatically places trades with appropriate risk management settings.
- Monitors open trades and adjusts stop-loss and take-profit levels as needed.
Download Now
Download the “Order Blocks EA.ex4” EA
Parameters & Settings
- Lot Size: Fixed or percentage of account equity.
- Risk Percentage: Defines the risk per trade.
- Max Drawdown: Maximum allowable drawdown before halting trading.
- Time Filter: Specifies trading hours to avoid low liquidity periods.
- Order Block Confirmation: Enables or disables confirmation of order block setups.
- Regression Channel Period: Sets the period for the regression channel analysis.
- Trade Direction: Allows trading in both directions or only in the prevailing trend.
Recommended Trading Setup
- Timeframe: 15-minute or higher.
- Currency Pairs: Major pairs like EUR/USD, GBP/USD, USD/JPY.
- Broker: Low spread and fast execution.
- Account Type: ECN or STP for optimal performance.
- Minimum Account Balance: $200 or equivalent.
FAQ
Can I use the Order Blocks EA on timeframes other than 15-minute?
Yes, the EA can be used on other timeframes. However, performance may vary, and it’s recommended to test on a demo account before live trading.
Does the EA require a specific broker?
While the EA can work with most brokers, it’s advisable to use one with low spreads and fast execution to optimize performance.
Summary
The Order Blocks Forex Robot for MT4 is a powerful tool for traders seeking to automate their trading strategies based on order block and regression channel analysis.
With its customizable settings, automated trade execution, and proven performance, it offers a reliable solution for enhancing trading efficiency and profitability.
