This MetaTrader 5 collection features two primary components: a manual risk management panel and an automated confluence robot. The TyAlgo advisor executes trades using the No Nonsense Forex method, aggregating signals from various technical indicators via global variables. Risk is managed through the TyphooN tool, whi
Collection · MT5
Compound Effect EA
This MetaTrader 5 collection provides several automated trading scripts, including a core robot that executes trades based on random entries or basic indicators.
GitHub stars5
Forks0
Last update5 years ago27 Jan 2021
LicenceNone stated
Overview
Compound Effect EA manages positions using percentage-based stop loss and take profit targets rather than fixed pips. The expert advisors include risk controls like equity allocation limits and trailing stops. Notable features include a time-based hedging function designed to manage aging losing positions and various utility versions for trailing stops and ATR-based exits. The README provides minimal technical documentation.
- Percentage-based exit targets
- Automated time-based hedging
- Trailing stop loss management
- Equity allocation limits
Details
Author
forexist on GitHub
Type
Collection
Platform
MetaTrader 5 (MQL5)
Strategy
Hedging, Multi-strategy
Markets
Forex, Crypto
Timeframes
Any timeframe
Risk profile
- Holds opposite positions at once
EA files
- basic-close-if-positive.mq5
- basic-hedging.mq5
- basic.mq5
- basic-plus-ATR-indicator.mq5
- basic-trailing.mq5
- Simplest Hedging EA ever.mq5
- basic-robot.mq5
- small_expert.mq5
- amoo-shahi-random-trader.mq5
- tester.mq5
About 15 expert advisors in this repository. See them all on GitHub.
Topics
forextradingalgorithmrandommetatradermql5profitbitcoinalgo-tradingchart-indicator
Input parameters
Read from basic-close-if-positive.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TP_percent_for_OPT | double | 30 | Take profit percentage |
SL_percent_for_OPT | double | 10 | Stop lose percentage |
maximum_equity_allowed | double | 0.9 | Equity alocator Maximum = 1 & Minimum = 0 |
VOL_percent_for_OPT | double | 0.01 | Size of orders |
retrospective_reform_days | int | 7 | Hedge after how many days |
hedge_profit_percentage_close | double | 0 | Hedge function closes position upon this amount of profit |
trailing_SL | int | 5 | Trailing Stop Percentage |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone forexist/compound-effect 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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