Trading robot · MT5

EA JRB

by Mezzo42

This MetaTrader 5 expert advisor implements a momentum-based trading strategy using the Relative Strength Index (RSI) and Exponential Moving Averages (EMA).

GitHub stars1
Forks0
Last update3 years ago23 Jul 2023
LicenceNone stated

Overview

EA JRB monitors RSI levels against configurable upper and lower thresholds to trigger market entries and exits. The robot manages risk through fixed stop loss and take profit levels defined in points, alongside customizable lot sizing. It automatically closes opposing positions when a new signal is generated. The repository contains multiple versions of the logic, though the documentation is minimal and focuses on basic installation.

Details

Author

Mezzo42 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following

Markets

Forex

Timeframes

Any timeframe

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.

Input parameters

Read from EA-J.R.B#4.0.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
Lotsdouble0.1
SLPointsint300
TPPointsint300
RSIPeriodenint50
SchwelleUntenint50
SchwelleObenint65
EMAint200
Kommentarstring

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone Mezzo42/EA-J.R.B-V.2 from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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.

Similar expert advisors

EA31337

by EA31337
1.3k stars

EA31337 is a comprehensive multi-strategy trading robot and framework for MetaTrader platforms. It features dozens of pre-built strategies utilizing technical indicators like ATR, Moving Averages, and SuperTrend. The system manages entries and exits through a unique filtering system that monitors account metrics, volat

MT5 Trading robot Multi-strategyNewsTrend following
Updated 5 months ago GPL-3.0 GitHub repository of EA31337

EA31337 Libre

by EA31337
252 stars

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

MT5 Trading robot Multi-strategyTrend followingMean reversion
Updated 1 year ago GPL-3.0 GitHub repository of EA31337 Libre

EA Scalper XAUUSD

by francomascareloai
236 stars

EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di

MT5 Trading robot SMC / ICT / price actionIndicator crossoverScalping High risk
Updated 3 months ago Custom licence GitHub repository of EA Scalper XAUUSD

Ladino Bot

by landim32
203 stars

Ladino Bot is an open-source expert advisor for MetaTrader 5 that uses HiLo Activator indicators and moving average crossovers to identify trade entries. It features a triple-timeframe architecture, allowing users to align entries with higher-period trends. Risk controls include daily gain and loss caps, brokerage fee

MT5 Trading robot Indicator crossoverTrend following Archived
Updated 1 year ago GPL-3.0 GitHub repository of Ladino Bot

Nyao Scalper

by elrizwiraswara
173 stars

Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT

MT5 Trading robot ScalpingTrend followingMartingale High risk
Updated 3 months ago BSD-3-Clause GitHub repository of Nyao Scalper

Gold Trader EA

by mehdi-jahani
141 stars

Gold Trader EA is a multi-strategy expert advisor designed for trading XAUUSD on the MetaTrader 5 platform. It employs a fusion engine that combines up to 14 different technical analysis methods, including candlestick patterns, chart patterns, price action, and institutional levels. The system requires a user-defined n

MT5 Trading robot Multi-strategyTrend followingIndicator crossover
Updated 1 year ago None stated GitHub repository of Gold Trader EA

More trading robots

Need a broker for MT5?

Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.

Compare brokers