Forex Trading Robot: Free MT5 Expert Advisor

Forex Trading Robot

Forex Trading Robot is a collection of MetaTrader 5 expert advisors that implement various technical strategies, including trend-following and hedging approaches.

High risk

Overview

The core logic utilizes Exponential Moving Averages and the Average True Range indicator to identify market volatility. It employs a martingale lot scaling system where position sizes are multiplied to recover from drawdown. Trade management is handled through a basket take profit mechanism that dynamically adjusts targets based on the number of active positions. The EA includes time-based restrictions and specific point distances for layering trades. The repository lacks documentation and a README file.

Martingale lot scaling system

EMA and ATR indicator integration

Dynamic basket take profit logic

Time-based trading constraints

Details

Author

HosseinAssaran on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Martingale, Hedging, Grid, Indicator crossover

Markets

Forex

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once
Trades without a fixed stop loss

EA files

Source

github.com/HosseinAssaran/ForexTradingRobot

Input parameters

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

Name	Type	Default
`Lots`	`double`	`0.01`
`DistancePoints`	`int`	`100`
`StepDistancePoints`	`int`	`50`
`TpPointsOddPosition`	`int`	`800`
`TpPointsEvenPosition`	`int`	`400`
`TimeStartHour`	`int`	`8`
`TimeStartMin`	`int`	`0`
`LotsMultiplier`	`int`	`2`
`MovingAverageCount`	`int`	`4`
`AtrAverageCount`	`int`	`14`
`AtrUp`	`double`	`0.00090`
`AtrDown`	`double`	`0.00050`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone HosseinAssaran/ForexTradingRobot 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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