This MetaTrader 5 expert advisor combines technical indicators with machine learning forecasts to trade the Forex market. It uses a trend-following approach based on Exponential Moving Average crossovers, filtered by the Average Directional Index and volume confirmations. A unique feature is its integration with extern
Trading robot · MT5
Echo State Network Tester
This MetaTrader 5 expert advisor utilizes an Echo State Network, which is a type of recurrent neural network, to analyze price action and execute trades.
High risk
GitHub stars2
Forks1
Last update2 years ago7 Aug 2024
LicenceNone stated
Overview
The system computes various statistical inputs, including price volatility, mean values, and Hurst exponent metrics, to feed its reservoir computing model. Risk is managed via traditional stop loss and take profit parameters. The code contains logic for martingale lot scaling following losses. Since the repository lacks a README, documentation is limited to the input parameters such as neuron count, spectral radius, and network sparsity.
- Echo State Network reservoir computing
- Statistical volatility and mean calculations
- Adjustable neural network sparsity and noise
- Hurst exponent and Kappa depth analysis
Details
Author
jaydindg on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
AI / machine learning, Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from ESN_Indicator_Tester.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lot | double | 1.05 | |
TPinPips | int | 5000 | |
SLinPips | int | 5000 | |
MagicNumberBUY | int | 66691 | |
MagicNumberSELL | int | 66692 | |
Verbose_ | int | false | |
Size_of_Esn | int | 1 | |
Neurons_ | int | 500 | |
spartsity_ | int | 0 | |
noise_ | double | .001 | |
spectral_radius_ | double | 2.8 | |
HurstAndKappaDepth | int | 10 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone jaydindg/NeuralNetworks-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, 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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