Overview: Xtreme Fade EA is a rule-based mean-reversion Expert Advisor for MetaTrader 5. The EA identifies extreme price extensions beyond a 20-period Bollinger Band at 3 standard deviations and waits for a confirmed return through the corresponding 2-standard-deviation band. A Wilder ADX(14) filter is used to restrict entries to conditions where ADX is below the configured threshold. The EA processes signals from closed candles and is designed for deterministic Strategy Tester operation. Strategy Concept: The strategy is designed for markets and periods where price can revert after an extreme short-term move. The default configuration uses a 20-period Bollinger Band with a 2-standard-deviation inner band and a 3-standard-deviation outer band, along with a 14-period ADX filtered below 30 on a recommended M15 timeframe. Entry Logic: For long setups, a closed candle below the lower 3-standard-deviation band activates the setup. A subsequent close above the lower 2-standard-deviation band, while ADX is below 30 and the trading session is active with no open EA positions, triggers a market buy order. Short setups follow the inverse logic for the upper bands. Signals are evaluated once per new strategy-timeframe bar. Exit Logic: The default configuration uses a 20-pip Stop Loss and a 1:1 risk-to-reward Take Profit with no partial exits, no break-even mechanism, and no pending orders. Risk Management: The default position-sizing model risks approximately 1 percent of account equity based on the actual stop distance and the symbol's tick size and tick value. Volume is normalized to the broker's minimum, maximum, and volume-step requirements. Supported Symbols and Markets: The EA can be attached to broker-supported MT5 symbols, subject to trading specifications, liquidity, and minimum volume requirements. Trading Session: The original strategy specifies an active window of 03:00 to 14:00 Eastern time. Users should configure the session hours in broker and server time to correspond to the intended New York-time window. Important Settings: Primary inputs include Strategy timeframe, Bollinger Band period and deviations, ADX period and threshold, Risk percentage, Stop-loss distance, Risk-to-reward ratio, Session limits, Maximum spread, Maximum execution deviation, and Magic number. Installation and Use: Install the EA source file in the MetaTrader 5 Experts directory, compile with MetaEditor, attach to the desired chart, and review inputs before enabling automated trading. Test on a demo account and MT5 Strategy Tester using realistic broker-quality historical data. Limitations and Risks: Trading involves substantial risk. Historical testing does not guarantee future results. Actual execution can differ because of spread, liquidity, slippage, and market gaps. Risk Disclaimer: This software is an automated trading tool that does not guarantee profits or prevent losses. Users are responsible for determining suitability and managing risk. Backtest results are historical simulations and not live trading results.

By purchasing from ChartBasic, you agree that our digital tools are designed strictly for technical analysis and do not constitute financial, investment, or trading advice. Your purchase grants a single-user, non-transferable license with instant digital delivery, meaning the provided indicator files and underlying code cannot be resold, shared, decompiled, or reverse-engineered under any circumstances. Because these downloadable scripts are irrevocable, all sales are final under a strict no-refund policy. Additionally, while we provide technical support for installation and basic configuration, our scope does not cover custom code modifications, strategy development, or personalized trading recommendations.