Advanced Signal Generator identifies entry signals by combining MACD crossovers and Relative Strength Index levels, using a 200-period Exponential Moving Average as a primary trend filter. The system integrates a fundamental news filter that fetches external calendar data via WebRequest to restrict activity during high-impact events. It also utilizes the Average True Range to evaluate market volatility thresholds. While the code provides logic for signal detection, it lacks visible risk management settings, lot sizing, or automated exit parameters in the provided input configuration.
Read from techfundsent.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
fast_ma_period
int
12
MACD Fast EMA period
slow_ma_period
int
26
MACD Slow EMA period
signal_ma_period
int
9
MACD Signal Line SMA period
trend_ma_period
int
200
Period for the main Trend Filter MA
rsi_period
int
14
RSI Period
rsi_overbought
int
70
RSI Overbought level
rsi_oversold
int
30
RSI Oversold level
atr_period
int
14
ATR period for volatility filter
atr_min_threshold
double
0.0005
Minimum ATR value to consider a signal (adjust for EURUSD)
minutes_before_news
int
120
Avoid signals X minutes before high-impact news
minutes_after_news
int
120
Avoid signals X minutes after high-impact news
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone Tosin5S/mql5 from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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