Charaba MQL5 Collection: Free MT5 Expert Advisor

Charaba MQL5 Collection

This collection for MetaTrader 5 features several expert advisors designed for automated trading using time-of-day filters and technical indicators like the Hilo Activator.

High risk

Overview

The primary strategies focus on executing trades during specific market sessions and incorporate a lot-scaling recovery mechanism that increases position sizes after consecutive losses. The tools include standard risk management features such as fixed stop loss and take profit levels, along with a global profit target for closing all positions. Developed for educational purposes, the repository is primarily tested on the Brazilian index.

Time-based execution filters

Martingale lot scaling recovery

Hilo Activator trend integration

Global profit target auto-close

Customizable stop loss and take profit

Details

Author

rcharaba on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Martingale

Markets

Indices, Forex

Timeframes

M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

Topics

trademql5trade-strategy

Source

github.com/rcharaba/MQL5_Charaba

Input parameters

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

Name	Type	Default	Description
`Lote`	`int`	`5`
`InpMA_Hilo`	`int`	`4`	Hilo Period
`InpMA_ma_method`	`ENUM_MA_METHOD`	`MODE_SMA`	MA Method
`InpStopLoss`	`ushort`	`300`	Stop Loss (in pips)
`InpTakeProfit`	`ushort`	`100`	Take Profit (in pips)
`InpProfit`	`double`	`1000`	Close all if Profit
`Consecutive_Loss`	`int`	`5`
`Buy_Sell`	`eAllowedTrades`	`SELL`
`Consecutive_Loss_Revert`	`int`	`4`
`Revert_Rate`	`double`	`3`
`InpStartHour`	`uchar`	`09`	Start time (hour)
`InpStartMin`	`uchar`	`00`	Start time (minute)

Show all 14 inputs

Name	Type	Default	Description
`InpEndHour`	`uchar`	`16`	End time (hour)
`InpEndtMin`	`uchar`	`30`	End time (hour)

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone rcharaba/MQL5_Charaba 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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