Currency Strength EA: Free MT5 Expert Advisor

Overview

Currency Strength EA calculates strength based on a configurable lookback period, typically using H4 data, and includes triangular weighting and smoothing options. The robot manages exits using either fixed point values or ATR-based calculations for stop loss and take profit. It incorporates a martingale lot scaling system for position averaging. Risk management features include automated lot sizing based on account balance and a daily target profit percentage limit.

Multicurrency relative strength calculation

ATR or fixed point SL/TP calculation

Martingale-style position averaging system

Daily profit target management

Details

Author

drdz9876 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Martingale, Multi-strategy, Grid

Markets

Forex

Timeframes

M15-H1, H4 and above

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Trades without a fixed stop loss

EA files

Currency Strength EA 3.0.mq5

Source

github.com/drdz9876/Currency-Strength-EA-MT5

Input parameters

Read from Currency Strength EA 3.0.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Timer`	`const string`	`//---------------- Time Settings ----------------//`
`TimeMode`	`timer`	`Server`	Time Mode
`StartTime`	`string`	`10:00`	Opening Time
`EndTime`	`string`	`16:00`	End Time
`CStrength`	`const string`	`//---------------- Currency Strength Settings --------------`
`tmf`	`ENUM_TIMEFRAMES`	`PERIOD_H4`	Strength Period Calculation
`NumberOfCandles`	`int`	`55`	Number of Candle to Calculate
`ApplySmoothing`	`bool`	`true`	Apply Smoothing
`TriangularWeighting`	`bool`	`true`	Triangular Weighting
`HistoricalShift`	`int`	`0`	Shift
`UpperLimit`	`double`	`7.2`	Upper Limit Value
`LowerLimit`	`double`	`3.3`	Lower Limit Value

Show all 40 inputs

Name	Type	Default	Description
`Indi`	`const string`	`//---------------- Indicator Settings ----------------//`
`ATRTF`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`	ATR Timeframe
`ATRPeriod`	`int`	`14`	ATR Period
`SLTP`	`StepMode`	`inATR`	SLTP Type
`Stoploss`	`double`	`0.0`	Stoploss
`Takeprofit`	`double`	`1.0`	Takeprofit
`TrailingStop`	`int`	`30`	Trailing Stop (in Points)
`TrailingStep`	`int`	`5`	Trailing Step (in Points)
`Martingale`	`const string`	`//---------------- Martingale Settings ----------------//`
`EnableAveraging`	`bool`	`true`	Enable Martingale
`Multiplier`	`double`	`1.3`	Lot Multiplier
`PipStepMode`	`StepMode`	`inATR`	PipStep Type
`PipStep`	`double`	`0.8`	Pip Step
`TPPlus`	`int`	`20`	TP Average in Pips
`MM`	`const string`	`//---------------- Money Management Settings ---------------`
`Autolot`	`bool`	`true`	Enable AutoLot
`Lot`	`double`	`0.01`	Constant Lot
`RiskPercent`	`double`	`0.1`	Risk in Percent
`UseTargetPercent`	`bool`	`true`	Use Daily Target Percent
`ProfitType`	`PType`	`inPercent`	Profit Close Type
`DailyProfit`	`double`	`0.05`	Daily Target Profit Percentage
`Other`	`const string`	`//---------------- Other Settings ----------------//`
`iMagicNumber`	`int`	`227`	Magic Number
`iSlippage`	`int`	`3`	Slippage
`Commentary`	`string`	`Currency Strength EA`	Order Comment
`prefix`	`string`		If have Prefix, else leave Blank
`postfix`	`string`		If have Postfix, else leave Blank
`maxTradedSymbols`	`int`	`2`	Max Simultaneous Traded Symbols

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone drdz9876/Currency-Strength-EA-MT5 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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