Trading robot · MT5

BB MMFFD Mini Indice

by HidaiSilva

This MetaTrader 5 expert advisor is designed specifically for trading the Brazilian Mini Index.

GitHub stars1
Forks0
Last update5 years ago17 Jun 2021
LicenceNone stated

Overview

BB MMFFD Mini Indice utilizes a strategy based on Bollinger Bands and the Stochastic oscillator to identify potential market entries. The robot manages risk through predefined stop loss and take profit parameters. It features a specific compensation mode that adjusts the profit target for subsequent trades following a loss, along with a daily loss limit to prevent excessive drawdowns. The code also includes filters for signal candle size to refine entry conditions.

Details

Author

HidaiSilva on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion

Markets

Indices

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.

Input parameters

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

NameTypeDefaultDescription
lotedouble1Quantidade de Lote
gainint100Gain
lossint250Loss
enable_compensation_after_lossboolfalseHabilitar compensassão após loss
second_gainint200Gain após um loss
limit_lossint2Limite de loss permitido

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone HidaiSilva/ea-bb-mmffd-miniindice from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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