This MetaTrader 5 utility is a comprehensive manual trading panel and risk management suite. It simplifies order execution by calculating lot sizes based on a defined risk percentage of account equity. Users can manage trades via automated break-even points, multi-mode trailing stops including Fractals, Moving Averages
Utility · MT5
Ema Stochastic Expert Advisor
This MetaTrader 5 expert advisor monitors price action using a combination of Exponential Moving Averages and the Stochastic oscillator.
GitHub stars1
Forks1
Last update6 years ago22 Aug 2020
LicenceNone stated
Overview
Ema Stochastic Expert Advisor identifies potential market entries based on crossover logic and momentum. The system is designed to send real-time trade alerts to a configured Telegram channel, providing details such as symbol, price, and timeframe. It includes an internal balance calculator to simulate or track trade performance. The provided code focuses on notifications rather than brokerage execution, and it lacks standard stop loss or take profit parameters. The README is minimal and offers no setup instructions.
- Telegram notification integration
- EMA crossover strategy logic
- Stochastic oscillator signals
- Internal virtual profit tracking
Details
Author
ayalma on GitHub
Type
Platform
Strategy
Indicator crossover
Markets
Any symbol
Timeframes
Any timeframe
Risk Profile
- Trades without a fixed stop loss
EA Files
Input Parameters
Read from EmaStochastic.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
kPeriod | int | 5 | |
dPeriod | int | 3 | |
slowing | int | 3 | |
slowEmaPeriod | int | 4 | |
fastEmaPeriod | int | 2 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone ayalma/ema_stochostic_expert_edvisor 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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