Coil EA is a free, fully automated Expert Advisor for MetaTrader 5, built around Bollinger Bands with RSI confirmation. It protects every position with a fixed Stop Loss and Take Profit.
Recommended setup:
- Platform: MetaTrader 5 (MT5)
- Strategy: Bollinger Bands + RSI
- Best pair: XAUUSD and major FX pairs
- Timeframe: M15 to H1
- Account type: ECN / Raw spread
- Price: FREE download
Coil fades Bollinger Band extremes confirmed by RSI, entering as price snaps back from overstretched levels.
Download Coil EA for free below. The package includes the ready-to-run .ex5 plus the full MQL5 source code so you can study or customize it.
Updated in June 2026
Coil EA
Free Download - .zip file
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