AI Forex Istoch BB CounterTrend: Free MT5 Expert Advisor

Overview

Developed as part of academic research into deep learning and technical analysis, the robot incorporates Heiken Ashi filtering to identify market extensions and doji candles. It manages risk through automated money management with percentage-based lot sizing, dynamic stop losses calculated from historical price bars, and a trailing stop mechanism. The system includes a daily Bollinger Band breakout filter and can be restricted to trade only at the start of new bars.

Bollinger Bands and Stochastic counter-trend logic

Heiken Ashi trend and doji candle filtering

Risk-based lot sizing and fixed volume options

Trailing stop and break-even management

Historical bar-based stop loss calculation

Details

Author

marco82ger on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, AI / machine learning

Markets

Forex

Timeframes

M15-H1, H4 and above

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

Code/MQL5_2020_06_15/Experts/Advisors/EA_istoch_BB_v08.mq5

Source

github.com/marco82ger/AI_forex_fisichella_garolla

Input parameters

Read from EA_istoch_BB_v08.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`CANDLEandMARKET`	`string`	`—`	BAR & MARKET
`Slippage`	`ulong`	`3`	Deviation
`MagicNumber`	`ulong`	`573`	Magic Number
`TradeOnNewBar`	`bool`	`true`	Trade on new Bar settings
`MaxBarExtension`	`int`	`1400`	Definition of Bar too extended
`MinBarExtension`	`int`	`250`	Definition of doji bar
`MarketMovingHoriz`	`int`	`400`	Definition of Market moving orizzontally
`MinConsDoji`	`int`	`10`	Min consecutive doji
`CandleHA`	`string`	`—`	Heiken Ashi
`UseHA`	`bool`	`true`
`MinHAExtension`	`int`	`200`	Definition of HA doji bar
`MM`	`string`	`—`	Money Management. Max Risk can be 10%, set in MoneyManagement

Show all 40 inputs

Name	Type	Default	Description
`UseMoneyManagement`	`bool`	`true`
`BigRiskPercent`	`double`	`4`
`RiskPercent`	`double`	`2`
`FixedVolume`	`double`	`0.1`
`SL`	`string`	`—`	Stop Loss & Take Profit
`IntervalSL`	`int`	`5`	Num of Bars to look in the past to take the min/max for SL
`StopLoss`	`int`	`400`	SL: Initial fixed SL
`MaxSL`	`int`	`600`	SL: Max fixed SL
`TP_XSL`	`double`	`2`	TP: it is X times the SL. If 0 is not taken
`TS`	`string`	`—`	Trailing Stop. If used almost cancel TP
`UseTrailingStop`	`bool`	`true`
`UseDynamicTS`	`bool`	`false`	UseDynamicTS: only checked if UseTS is True
`TrailingStop`	`int`	`600`
`MinimumProfit`	`int`	`700`
`Step`	`int`	`10`	Step, if it is <10, it is set to 10 in TrailingStop
`BE`	`string`	`—`	Break Even
`UseBreakEven`	`bool`	`false`
`BreakEvenProfit`	`int`	`0`
`LockProfit`	`int`	`0`
`BB`	`string`	`—`	Bollinger Bands
`UseBB`	`bool`	`false`
`BandsPeriod`	`int`	`5`
`BandsShift`	`int`	`0`
`BandsDeviation`	`double`	`1.8`
`BandsPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`
`BBBreakout`	`string`	`—`	Bollinger Bands for Breakout, only on daily!
`UseDailyBBBreakout`	`bool`	`true`
`IntervalBBBreakout`	`int`	`20`	Number of Bars to look ahead in the past to take the min for bandwidth in BB

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone marco82ger/AI_forex_fisichella_garolla 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, and any .mqh files into the Include folder the code expects.

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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