This MetaTrader 5 expert advisor implements an open range breakout strategy specifically designed for gold trading on the hourly timeframe. It identifies the high and low of the initial trading hour and establishes a definitive range after a user-defined consolidation period. Trades are triggered when price breaks thro
Trading robot · MT5
Fimathe Trading Robot
This MetaTrader 5 expert advisor automates the Fimathe price action strategy, which relies on channel breakouts and expansions.
GitHub stars1
Forks3
Last update1 year ago13 Jan 2025
LicenceNone stated
Overview
The user manually defines reference price levels to establish trading channels. The robot executes orders based on these price boundaries and manages positions using configurable take-profit targets, breakeven offsets, and stop-loss protections. It includes risk management filters such as weekly loss and gain limits to control total exposure. While the repository lacks documentation, the input parameters provide controls for lot sizing and directional filters.
- Fimathe channel expansion logic
- Customizable take profit levels
- Automated breakeven and stop offsets
- Weekly loss and profit limits
Details
Author
x1tz on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout
Markets
Any symbol
Timeframes
M15-H1
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 Trading Robot v1.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
lot_size | double | 0.01 | Lote |
inp_timeframe | MY_TIMEFRAME | M15 | Timeframe - Padrao |
CANAL1 | double | — | Linha de referencia (Linha1) |
CANAL2 | double | — | Linha Media (Linha2) |
kid_bengala | int | — | Tamanho do Kid Bengala |
inp_taketype | MY_GERENCIAMENTO | G1 | |
take_posanto | int | — | Deixar quanto po santo? |
TP_compra | double | — | Take Posicionado para Compra |
TP_venda | double | — | Take Posicionado para Venda |
zaz_offset | int | — | Dedinho no Zero a Zero (Offset) |
stp_offset | int | — | Dedinho no Stop (Offset) |
inp_operacao | MY_OPERACAO | O0 | Filtro de Operacao |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
allow_buys | double | 0.0 | Permitir compras a partir de: |
allow_sells | double | 0.0 | Permitir vendas a partir de: |
stops_semana | int | — | Parar apos quantos stops na semana? |
takes_semana | int | — | Parar apos quantos takes na semana? |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone x1tz/Automated-Strategy-Trading-Robot 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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