EA31337 Libre is an open-source, multi-strategy trading robot for MetaTrader 4 and MetaTrader 5. It functions as a simplified implementation of the EA31337 framework, providing a collection of over 35 built-in strategies based on technical indicators. The expert advisor performs independent market analysis across vario
Trading robot · MT5
Basic Expert Advisor
This MetaTrader 5 robot executes trades based on quantitative risk indicators, including Value at Risk (VaR) and Expected Shortfall (ES).
GitHub stars1
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Last update3 years ago7 Mar 2023
LicenceNone stated
Overview
Basic Expert Advisor uses statistical calculations like standard deviation and confidence levels to determine entry signals based on price returns. The system is designed for intraday trading, featuring specific inputs for session start, end, and forced position closure times. Risk management features include point-based stop loss and take profit, a daily trade limit, and optional trailing stops or breakeven triggers to protect open positions.
- Quantitative VaR and ES risk triggers
- Time-restricted daily trading windows
- Point-based stop loss and take profit
- Automated breakeven and trailing stop management
Details
Author
angelohomen on GitHub
Type
Trading robot
Platform
Strategy
Markets
Any symbol
Timeframes
M15-H1
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
Input Parameters
Read from BasicEA3.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
input_magic_number | ulong | 1 | EA Magic number |
input_risk_indicator | ENUM_RISK_USING | RISK_VAR | Risk indicator calculation |
input_returns_timeframe | ENUM_TIMEFRAMES | PERIOD_M1 | Returns timeframe |
input_average_period | uint | 20 | Risk indicator MA period |
input_confidence_level | ENUM_CONFIDENCE_LEVELS | LEVEL_95 | Risk indicator confidence level |
input_risk_std_dev | double | 2 | Risk indicator Standard Deviation |
input_close_pos_on_avg | bool | false | Close position on risk indicator average? |
input_init_trade_time | string | 09:05 | Time to initialize trades |
input_end_trade_time | string | 13:00 | Time to end trades |
input_close_positions | string | 17:00 | Time to close positions |
input_use_risk_mgmt | bool | false | Use Risk Management? |
input_take_profit_pts | double | 50 | Take profit threshold (pts - entry) |
Show all 21 inputs
| Name | Type | Default | Description |
|---|---|---|---|
input_stop_loss_pts | double | 10 | Stop loss threshold (entry - pts) |
input_use_trades_limit | bool | false | Use trades limit? |
input_number_of_trades | int | 1 | Number of trades per day |
input_use_breakeven | bool | false | Use breakeven? |
input_break_even | double | 10 | Breakeven trigger |
input_break_even_pts | double | 5 | Breakeven points |
input_use_trailing_stop | bool | false | Use trailing stop? |
input_trigger_ts | double | 20 | Trailing stop trigger |
input_step_ts | double | 1 | Trailing stop step |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone angelohomen/BasicExpertAdvisor 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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