One robot implements tape reading logic by monitoring market book volume imbalances, while another executes trades based on moving average crossovers. Each system incorporates risk management parameters including trade-specific stop losses, daily profit targets, and daily loss limits. The expert advisors are designed for intraday operation, featuring time-based filters to manage session windows. The README notes these are for educational and showcase purposes rather than live trading recommendations.
Read from tape_reading_bot_01.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
TimeFrame
ENUM_TIMEFRAMES
PERIOD_M5
Volume
double
1.0
HoraInicial
string
9:15
HoraFechamento
string
18:00
HoraFinal
string
17:55
stop_gain_operacao
double
5.0
stop_loss_operacao
double
5.0
stop_loss_diario
int
-100
take_profit_diario
int
50
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone felipelutfi/algotrading 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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