Brayan Rivas Campero
5.0 KiB
Order Blocks Expert Advisor — EURUSD M30 (MetaTrader 5)
Pine Script v6 → MQL5 cross-platform conversion with full mathematical indicator parity. Validated on 12 years of EURUSD M30 historical data (~3,300 operations).
Overview
This Expert Advisor detects bullish Order Blocks (OB) on EURUSD M30 and executes long entries when price returns to a valid OB zone, with dynamic risk management and an optional dynamic Take Profit based on opposing bearish Order Blocks.
The project was originally written in Pine Script v6 for TradingView and fully converted to MQL5 native for MetaTrader 5, with custom-coded indicators to guarantee mathematical parity across platforms — a non-trivial problem that breaks most naïve conversions.
Key technical features
Cross-platform mathematical parity
- Custom
PineATR()implementing Wilder's RMA (Running Moving Average) — matchesta.atr()of Pine Script bit-by-bit, instead of relying on MT5'siATR()which differs in initial seed - Custom
PineStoch()with SMA-smoothed %K — matchesta.sma(ta.stoch(...), 3)of Pine - Manual Choppiness Index implementation (no MT5 native equivalent)
Modular filter architecture
Each filter block can be independently enabled/disabled for clean optimization:
- Oscillators (RSI + ADX + CHOP, range-bound)
- Candle confirmation (wicks, body solidity, volume, size vs ATR)
- Premium/Discount filter with persistent impulse tracking
- Stochastic confirmation (separate buy/sell thresholds)
- Dead-hour session filter (configurable GMT offset)
Risk management
- Dynamic position sizing based on equity % risk per trade
- Configurable max simultaneous positions
- Daily drawdown circuit-breaker
- Fixed SL at OB bottom − ATR offset
- Dynamic TP: nearest opposing bearish OB level (with fallback ratio)
OnTester custom optimization criteria
Custom max function rejects optimization runs that fail any of:
- Minimum trades threshold
- Maximum equity drawdown
- Minimum Profit Factor
- Minimum net profit
- Minimum Sharpe Ratio
- Minimum Recovery Factor
When all thresholds pass, the optimizer maximizes profit / equity_DD$ (recovery factor) — explicit reward for return-per-unit-of-pain.
Visual auditing
- Live OB boxes (green/red) that extend in time while active
- Boxes are frozen on retirement (not deleted):
- Aqua solid border = OB that triggered an entry
- Gray dotted border = OB invalidated without entry
- This allows post-test forensic review of every signal
Validation methodology
This EA was tested with rigor that is uncommon in retail trading code:
- Calibration period: 2025 (in-sample)
- Out-of-sample 1: 2026 H1 (same parameters)
- Out-of-sample 2: 2014–2024 (full multi-régime test, never seen during calibration)
- Cross-timeframe validation: same parameters applied to H1 and H4 without re-tuning
Honest results — full 12-year backtest
The system shows clear positive performance during periods that match its design regime (trend / range-rotation on bullish EURUSD) and degrades during sustained bearish regimes (2015, 2017, 2019, 2021, 2024). The system is long-only, which is structurally insufficient for forex without a macro-regime filter.
Full 12-year backtest summary:
- Total trades: 3,347
- Profit Factor: 0.97
- Win Rate: 50.9%
- Net result: negative on full period
- Best year: 2025 (PF 1.92)
- Worst year: 2015 (bearish EURUSD)
Conclusion documented in the validation: the EA's logic is sound, its risk management produced no catastrophic individual losses (largest loss < 0.5R), but a directional system without macro-regime filter cannot be deployed live in forex as-is. A planned v2 will add a daily-SMA200 macro filter and optional symmetric short logic.
This README publishes the negative finding intentionally — the work of validating across 12 years and reporting the result honestly is more relevant to engineering quality than cherry-picked single-year results.
File structure
| File | Purpose |
|---|---|
OB_EURUSD_30M_2026_v107.mq5 |
Main EA, V1.07 with modular block toggles |
LICENSE |
MIT |
README.md |
This document |
Tech stack
- MQL5 (MetaTrader 5 native)
- Originally Pine Script v6 (TradingView)
- Validation done on broker M1 data and on OANDA feed cross-check
About the author
Brayan Rivas Campero — MQL5 / Pine Script developer based in Cancún, México.
8 years building algorithmic trading systems across multiple instruments (Forex, indices, gold) and timeframes (M5, M30, H1, H4).
Specialized in cross-platform conversion (TradingView ↔ MetaTrader 5), quantitative validation, and out-of-sample multi-régime analysis.
- LinkedIn: linkedin.com/in/brayan-rivas-campero-70373b30b
- Email: brivascampero@gmail.com
Available for freelance projects — MQL5 development, Pine Script → MQL5 conversion, strategy optimization, backtesting and validation reports.
License
MIT — see LICENSE.