Bear Treading: Free MT5 Expert Advisor

Overview

Bear Treading primarily executes trades based on Relative Strength Index (RSI) signals, incorporating Moving Average parameters for trend identification. The system employs traditional risk controls, including hard stop loss and take profit levels for every position. Users can configure lot sizing through fixed volumes or a risk-per-trade percentage. The repository contains no documentation, indicating this is a basic implementation of standard signal and money management modules for educational purposes.

RSI indicator signal integration

Moving Average trend filtering

Hard stop loss and take profit

Configurable risk-per-trade percentage

Details

Author

Polobear9 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Indicator crossover

Markets

Any symbol

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

MQL5/BearTreading.mq5

Source

github.com/Polobear9/AutoTreadingStudy

Input parameters

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

Name	Type	Default	Description
`Expert_Title`	`string`	`BearTreading`	Document name
`MaximumRisk`	`double`	`0.03`	Maximum Risk in percentage
`DecreaseFactor`	`double`	`3`	Descrease factor
`MovingPeriod`	`int`	`12`	Moving Average period
`MovingShift`	`int`	`6`	Moving Average shift
`Signal_ThresholdOpen`	`int`	`10`	Signal threshold value to open [0...100]
`Signal_ThresholdClose`	`int`	`10`	Signal threshold value to close [0...100]
`Signal_PriceLevel`	`double`	`0.0`	Price level to execute a deal
`Signal_StopLevel`	`int`	`30`	Stop Loss level (in points)
`Signal_TakeLevel`	`int`	`100`	Take Profit level (in points)
`Signal_Expiration`	`int`	`4`	Expiration of pending orders (in bars)
`Signal_RSI_PeriodRSI`	`int`	`9`	Relative Strength Index(9,...) Period of calculation

Show all 16 inputs

Name	Type	Default	Description
`Signal_RSI_Applied`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`	Relative Strength Index(9,...) Prices series
`Signal_RSI_Weight`	`double`	`1.0`	Relative Strength Index(9,...) Weight [0...1.0]
`Money_FixLot_Percent`	`double`	`10.0`	Percent
`Money_FixLot_Lots`	`double`	`100.0`	Fixed volume

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Polobear9/AutoTreadingStudy 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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