Enhanced EA is an automated trading robot for MetaTrader 5 that combines Relative Strength Index, Bollinger Bands, and Moving Average Convergence Divergence indicators to generate signals.
The expert advisor includes an optional trend filter based on a 200-period moving average to align entries with the long-term market direction. It manages risk through a percentage-based lot sizing calculation and utilizes the Average True Range for volatility measurement. The repository contains multiple experimental files and lacks documentation, indicating it may be a collection of development scripts or practice code.
Read from practice.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
TimeFrame
ENUM_TIMEFRAMES
PERIOD_CURRENT
Chart timeframe
risk
double
1.0
Risk percentage per trade
MagicNum
int
1234
Magic Number
RSIPeriod
int
14
RSI period
OverboughtLevel
double
70
RSI overbought level
OversoldLevel
double
30
RSI oversold level
BBPeriod
int
20
Bollinger Bands period
BBDeviation
double
2.0
Bollinger Bands deviation
FastEMA
int
12
MACD fast EMA
SlowEMA
int
26
MACD slow EMA
SignalSMA
int
9
MACD signal SMA
ATRPeriod
int
14
ATR period for volatility
Show all 14 inputs
Name
Type
Default
Description
EnableTrendFilter
bool
true
Enable trend filtering
TrendMAPeriod
int
200
Trend MA period
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone Yareda21/Data-Structures 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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