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 Signal Trading Bot
This MetaTrader 5 expert advisor serves as a template for automated indicator-based trading.
GitHub stars4
Forks0
Last update2 years ago1 Mar 2024
LicenceNone stated
Overview
Basic Signal Trading Bot combines multiple technical tools, including RSI, MACD, Parabolic SAR, and Bollinger Bands, to identify market entry and exit points. The system features a dynamic risk management module that adjusts position sizing based on account balance fluctuations between a defined floor and cap. Trade protection is handled via fixed pip-based stop loss and take profit levels, while the code provides a modular framework for further development.
- Multi-indicator signal generation
- Dynamic risk management module
- Bollinger Bands and RSI filters
- Integrated Forex market session check
Details
Author
altaiiiir on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Indicator crossover, Mean reversion, Trend following
Markets
Forex
Timeframes
Any timeframe
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 Main.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
riskCap | double | 5.0 | |
riskFloor | double | 0.1 | |
stopLossPips | int | 50 | |
takeProfitPips | int | 60 | |
rsiPeriod | int | 10 | |
upperRsi | int | 70 | |
lowerRsi | int | 30 | |
atrPeriod | int | 7 | |
volumeThreshold | int | 1000 | |
sarMax | double | 0.2 | |
sarStep | double | 0.01 | |
bbPeriod | int | 20 |
Show all 13 inputs
| Name | Type | Default | Description |
|---|---|---|---|
bbDeviation | double | 2 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone altaiiiir/Basic-Signal-Trading-Bot 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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