This expert advisor for MetaTrader 5 automates trade entries using a combination of Relative Strength Index (RSI), Money Flow Index (MFI), and multiple Moving Average periods.
Emreguven Forex Trading Bot identifies potential entry points based on overbought and oversold thresholds, specifically looking for RSI values below 30 or MFI values below 20. The system handles trade execution via a custom class structure but does not specify default stop loss or take profit settings in its market orders. The repository lacks a descriptive README and does not expose external input parameters for user optimization.
1Download the sourceUse "Download source (.zip)" above, or clone emreguven72/Forex-Trading-Bot 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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