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
BB RSI Reversal
This MetaTrader 5 expert advisor identifies market reversal points using a combination of Bollinger Bands and the Relative Strength Index (RSI).
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Last update1 year ago13 Feb 2025
LicenceNone stated
Overview
BB RSI Reversal is designed to trade multiple currency pairs simultaneously, including major pairs like EURUSD and GBPUSD. The system features optional trend filters using dual Moving Averages and Ichimoku Cloud analysis on higher timeframes to confirm entries. Trade management includes a trailing stop loss based on Bollinger Band volatility and flexible lot sizing based on account capital.
- Multi-currency support from a single chart
- Bollinger Band and RSI reversal logic
- Optional Moving Average and Ichimoku trend filters
- Volatility-based trailing stop loss management
- Capital-based automated lot size calculation
Details
Author
umermhr on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion
Markets
Forex
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 BB_RSI_Reversal.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpMagic | ulong | 2024 | |
TradingCurrencies | string | EURUSD,GBPUSD,USDJPY,USDCHF,USDCAD,AUDUSD,NZDUSD | |
TimeFrame | ENUM_TIMEFRAMES | PERIOD_H1 | |
BollingerMAPeriod | int | 200 | |
BollingerStDev | double | 4.0 | |
RSIUpper | int | 80 | |
RSILower | int | 20 | |
RSIPeriod | int | 14 | |
Lot_Type | LotTyp | Lot_per_1K_Capital | |
LotSize | double | 0.01 | |
Lotsizeper1000 | double | 0.01 | |
TPBolStDev | double | 3.0 |
Show all 25 inputs
| Name | Type | Default | Description |
|---|---|---|---|
BarSince | int | 100 | |
MAFilterOn | bool | false | |
MATimeFrame | ENUM_TIMEFRAMES | PERIOD_D1 | |
Slow_MA_Period | int | 200 | |
Fast_MA_Period | int | 50 | |
MA_Mode | ENUM_MA_METHOD | MODE_SMA | |
MA_AppPrice | ENUM_APPLIED_PRICE | PRICE_MEDIAN | |
IchiFilterOn | bool | false | |
IchiFilterType | IcTypes | 0 | |
IchiTimeFrame | ENUM_TIMEFRAMES | PERIOD_D1 | |
tenkan | int | 9 | |
kijun | int | 26 | |
senkou_b | int | 52 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone umermhr/MT5-EA-BB-RSI-Reversal 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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