DBasket EA: Free MT5 Expert Advisor

Overview

DBasket EA identifies price divergences between related currency pairs using Z-score analysis and enters hedged three-leg positions expecting mean reversion. The system incorporates advanced statistical modules including an Augmented Dickey-Fuller cointegration filter and Ornstein-Uhlenbeck half-life calculations for exit timing. Risk controls feature fixed or ATR-weighted lot sizing, basket-level stop losses and take profits, maximum drawdown protection, and daily loss limits. It requires a hedging-enabled account and specific symbol sets like AUDNZD, AUDCAD, and NZDCAD.

Z-score based statistical signals

ADF cointegration filtering

Ornstein-Uhlenbeck half-life exit timing

ATR-based volatility balancing

Circuit breaker risk management

Details

Author

dinethlive on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Hedging

Markets

Forex

Timeframes

M15-H1

Risk profile

Holds opposite positions at once

EA files

Topics

basket-triangleexpert-advisorsmetatrader5mt5

Source

github.com/dinethlive/dbasket-EA

Input parameters

Read from DBasketEA_v2.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpSymbolSuffix`	`string`		Symbol suffix (e.g., ".m", "_sb")
`InpLookbackPeriod`	`int`	`250`	Lookback period (bars)
`InpCacheUpdateSec`	`int`	`30`	Cache update interval (seconds)
`InpZScoreEntry`	`double`	`2.5`	Entry Z-Score threshold
`InpZScoreExit`	`double`	`0.5`	Exit Z-Score threshold
`InpMinCorrelation`	`double`	`0.75`	Minimum correlation threshold
`InpMaxSpreadPips`	`double`	`3.0`	Maximum spread (pips per symbol)
`InpFixedLotSize`	`double`	`0.01`	Fixed lot size per leg
`InpRiskPercent`	`double`	`1.0`	Risk % per basket (if dynamic sizing)
`InpUseFixedLots`	`bool`	`true`	Use fixed lot size
`InpMaxDrawdownPct`	`double`	`15.0`	Max drawdown % before halt
`InpDailyLossLimit`	`double`	`100.0`	Daily loss limit ($)

Show all 39 inputs

Name	Type	Default	Description
`InpDailyLossPct`	`double`	`5.0`	Daily loss limit (%)
`InpMaxHoldingHours`	`int`	`24`	Maximum basket holding hours
`InpTakeProfitAmount`	`double`	`10.0`	Take profit per basket ($)
`InpStopLossAmount`	`double`	`15.0`	Stop loss per basket ($)
`InpCointEnabled`	`bool`	`true`	Enable Cointegration Filter?
`InpCointPValue`	`double`	`0.05`	P-Value Threshold (0.01-0.10)
`InpCointUpdateBars`	`int`	`50`	Update Interval (bars)
`InpCointADFLags`	`int`	`1`	ADF Regression Lags
`InpHLEnabled`	`bool`	`true`	Enable Half-Life Exits?
`InpHLUpdateBars`	`int`	`20`	Update Interval (bars)
`InpHLMinValue`	`int`	`10`	Minimum Half-Life (bars)
`InpHLMaxValue`	`int`	`500`	Maximum Half-Life (bars)
`InpHLExitMultiplier`	`double`	`2.0`	Max Hold = Multiplier × HalfLife
`InpHLStopLossSigma`	`double`	`1.5`	Stop-Loss Distance (sigma)
`InpATREnabled`	`bool`	`true`	Enable ATR Sizing?
`InpATRPeriod`	`int`	`14`	ATR Period
`InpATRMinWeight`	`double`	`0.15`	Minimum Weight per Symbol
`InpATRMaxWeight`	`double`	`0.50`	Maximum Weight per Symbol
`InpTradingStartHour`	`int`	`0`	Trading start hour (broker time)
`InpTradingStartMin`	`int`	`0`	Trading start minute
`InpTradingEndHour`	`int`	`23`	Trading end hour (broker time)
`InpTradingEndMin`	`int`	`59`	Trading end minute
`InpAvoidRollover`	`bool`	`true`	Avoid rollover period
`InpMagicNumber`	`int`	`200000`	Magic number (v2.0)
`InpSlippagePoints`	`int`	`10`	Maximum slippage (points)
`InpLogLevel`	`ENUM_LOG_LEVEL`	`LOG_LEVEL_INFO`	Log level
`InpLogToFile`	`bool`	`false`	Log to file

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone dinethlive/dbasket-EA 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, and any .mqh files into the Include folder the code expects.

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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