Trading robot · MT5

Fimather

by leandro-pzk

This MetaTrader 5 expert advisor automates trading based on the Fimathe methodology, a price action technique centered on channel expansions.

GitHub stars4
Forks1
Last update3 years ago21 Jun 2023
LicenceNone stated

Overview

The software allows users to define a macro channel using specific high and low price points, which it then fractionates into sub-levels for entry and exit signals. It features adjustable risk management including automated stop loss and take profit levels, a breakeven function referred to as safe operation, and filters to ignore trades during large market gaps or excessive candle volatility. Trading is restricted to user-defined time windows.

Details

Author

leandro-pzk on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, SMC / ICT / price action

Markets

Forex, Gold

Timeframes

Any timeframe

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.

EA files

Input parameters

Read from Fimether9.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
HighChannelPricedouble1877.74Price High Channel
LowChannelPricedouble1761.37Price Low Channel
CHFractionateFractionateF3Fractionate Macro Channel
MChannelMarkChannelACMarkations Channel
TTrendTypeTrendUPTrend Type
TFENUM_TIMEFRAMESPERIOD_CURRENTTrade Time Frame
STGSStrategiesS1Trade Strategy
Lotedouble0.01Trade Lote
OptionZerobooltrueAuto Safe Operation
OptionZeroPointsdouble360.0Safe Operation Points
TPTypeProfitT_JUSTake Profit
SLTypeStopS_AUTOStop Loss
Show all 21 inputs
NameTypeDefaultDescription
BigBarSizeLimitdouble500.0Ignore Big Bar Size
GapSizeLimitdouble500.0Ignore Open Market GAP Size
WaitCandlesAfterTradeint1Wait New Candles
TradeStartstring01:06Trade Start Time
TradeEndstring23:59Trade End Time
TPManualdouble360.0Manual Take Profit
SLManualdouble360.0Manual Stop Loss
TPPostiondouble0.0Price Take Profit
SLPostiondouble0.0Price Stop Loss

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone leandro-pzk/fimather from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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