EA31337 Libre is an open-source, multi-strategy trading robot for MetaTrader 4 and MetaTrader 5. It functions as a simplified implementation of the EA31337 framework, providing a collection of over 35 built-in strategies based on technical indicators. The expert advisor performs independent market analysis across vario
Trading robot ยท MT5
Doji Reversal Strategy
This MetaTrader 5 expert advisor implements an automated reversal strategy centered on the Doji candlestick pattern.
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Last update2 years ago28 Feb 2024
LicenceNone stated
Overview
Doji Reversal Strategy utilizes a 200-period Exponential Moving Average to filter trend direction and the Relative Strength Index to identify overbought or oversold conditions for entry confirmation. The EA manages risk through ATR-based stop losses and offers two trade management modes: a fixed risk-to-reward ratio or a trailing stop approach that moves to break-even after initial targets are reached. Users can configure compounding lot sizes, Doji sensitivity parameters, and specific RSI thresholds to refine strategy performance.
- Doji candlestick detection with configurable body-to-wick ratios
- Trend filtering using a 200-period Exponential Moving Average
- ATR-based dynamic stop loss and take profit calculation
- Dual-order management with break-even and trailing stop logic
- Risk management tool for fixed or compounding lot sizing
Details
Author
jokwok1 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Trend following
Markets
Forex
Timeframes
M15-H1, H4 and above
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from doji_reversal.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpMagicNumber | int | 2000002 | Unique identifier for this expert advisor |
InpTradeComment | string | __FILE__ | Optional comment for trades |
InpAppliedPrice | ENUM_APPLIED_PRICE | PRICE_CLOSE | Applied price for indicators |
MinDelay | int | 4 | Delay in minutes of trade open and candle open |
TslCheck | bool | true | Use Trailing Stop Loss? |
RiskCompounding | bool | false | Use Compounded Risk Method? |
MaxLossPrc | double | 0.02 | Percent Risk Per Trade |
AtrProfitMulti | double | 1.5 | ATR Profit Multiple |
AtrLossMulti | double | 1.0 | ATR Loss Multiple |
C1_Check_Conf | bool | true | Doji Candle Check |
ATR_Doji_Multi | double | 1.2 | ATR multiple required for wicks distance |
Percent_Doji_Body | double | 20 | Percent body size of wicks |
Show all 18 inputs
| Name | Type | Default | Description |
|---|---|---|---|
C2_Check_Conf | bool | true | C2 CHECK |
EmaPeriod | int | 200 | |
C3_Check_Conf | bool | true | C3 RSI CHECK |
RsiPeriod | int | 14 | |
RsiOverbought | double | 70.0 | Overbought levels for RSI |
RsiOversold | double | 30.0 | Oversold levels for RSI |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone jokwok1/doji_reversal_mql5 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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