This collection of MetaTrader 5 expert advisors focuses on mean-reversion and breakout strategies for gold (XAUUSD) on the M1 timeframe. The primary logic identifies statistical extremes using Z-Score calculations to trade price snap-backs. It includes a TickRobust variant designed to filter execution noise and a dual-
Collection · MT5
Boom and Crash Smart Trader
This collection of MetaTrader 5 expert advisors is designed to trade Boom and Crash synthetic indices.
GitHub stars1
Forks0
Last update5 years ago5 Aug 2021
LicenceNone stated
Overview
The robots utilize RSI indicator logic and basic price action candle checks to identify and capture rapid price spikes. The tools feature automated trade execution with a focus on capturing momentum. Risk management is facilitated through adjustable maximum loss and take profit parameters, along with hardcoded lot sizes. The repository includes multiple versions of the bot, providing a framework for spike-based trading strategies on high-volatility synthetic markets.
- RSI entry signal logic
- Specific spike detection for synthetic indices
- Global account maximum loss protection
- Automated order cleanup functions
Details
Author
Jaytru1997 on GitHub
Type
Collection
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout, Mean reversion
Markets
Indices
Timeframes
M1-M5
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 Smart Trader 3.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
max_loss | double | 10 | |
period | int | 6 | |
take_profit | double | 100 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Jaytru1997/FOREX-BOTS-FOR-BOOM-AND-CRASH- 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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