Bakome Hash EA: Free MT5 Expert Advisor

Overview

Bakome Hash EA initiates trades based on the interaction between fast and slow EMAs while confirming momentum through RSI levels. The robot utilizes Average True Range for calculated stop loss and take profit distances. Risk management includes position sizing based on account percentage, trailing stops, and break-even triggers. Additionally, the EA features safety controls such as daily loss limits, news filters, and session-based trading restrictions.

EMA crossover and RSI momentum strategy

ATR-based dynamic stop loss and take profit

Daily account loss and profit limits

Integrated news and session filters

Trailing stop and break-even functionality

Details

Author

Bakomebandias on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Indicator crossover, Martingale

Markets

Any symbol

Timeframes

M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

bakome_hash_ea.mq5

Source

github.com/Bakomebandias/BAKOME_HASH_EA

Input parameters

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

Name	Type	Default	Description
`RiskPercent`	`double`	`1.0`	Risk per trade (%)
`MaxDailyLossPercent`	`double`	`5.0`	Max daily loss (%)
`MaxDailyProfitPercent`	`double`	`8.0`	Daily profit target (%)
`MaxPositions`	`int`	`1`	Max concurrent positions
`MaxDailyTrades`	`int`	`5`	Max trades per day
`FastEMA`	`int`	`50`
`SlowEMA`	`int`	`200`
`RSI_Period`	`int`	`14`
`RSI_Buy_Level`	`double`	`55.0`
`RSI_Sell_Level`	`double`	`45.0`
`EnableBuy`	`bool`	`true`
`EnableSell`	`bool`	`true`

Show all 31 inputs

Name	Type	Default	Description
`UseATRStops`	`bool`	`true`	Use ATR-based SL/TP instead of fixed points
`ATR_SL_Multiplier`	`double`	`1.5`
`ATR_TP_Multiplier`	`double`	`3.0`
`UseTrailingStop`	`bool`	`true`
`Trail_StartATR`	`double`	`1.0`
`Trail_StepATR`	`double`	`0.5`
`UseBreakEven`	`bool`	`true`
`BE_TriggerATR`	`double`	`0.8`
`UseSessionFilter`	`bool`	`true`
`StartHour`	`int`	`8`
`EndHour`	`int`	`20`
`UseNewsFilter`	`bool`	`true`
`NewsBlockMinutesBefore`	`int`	`30`
`NewsBlockMinutesAfter`	`int`	`20`
`MaxSpreadPoints`	`double`	`50.0`
`SlippagePoints`	`int`	`10`
`OrderRetryCount`	`int`	`3`
`OrderRetryDelayMs`	`int`	`500`
`MagicNumber`	`int`	`20240517`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Bakomebandias/BAKOME_HASH_EA 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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