Trading robot · MT5

FxChartAI OpenEA

by abiodunaremu

FxChartAI OpenEA is an automated trading solution for MetaTrader 5 that executes trades based on signals retrieved from the FxChartAI platform.

GitHub stars49
Forks9
Last update1 year ago11 Mar 2025
LicenceGPL-3.0
Latest releasev1.0.01 year ago

Overview

The system operates in two modes, allowing for live API integration or historical testing using CSV datasets. It utilizes multi-timeframe analysis across M10 and H1 intervals, requiring a specific confidence level of consecutive signals before entering positions. Risk management is handled through configurable fixed stop loss and take profit levels, supplemented by a trailing stop. The logic further incorporates candle tail and trendline analysis to refine entries and manage dynamic orders.

Details

Author

abiodunaremu on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

AI / machine learning, Trend following

Markets

Forex

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.

Topics

ai-agent-customai-agent-frameworkai-agentsai-modelalgorithmic-tradingexpert-advisorfinancial-analysisfinancial-tradingforex-tradingforex-trading-software

Input parameters

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

NameTypeDefaultDescription
LotSizedouble1Risk management: Position size
StopLossPipsint400Stop loss in pips
TakeProfitPipsint500Take profit in pips
ConfidenceLevelint5Minimum confidence level required (1-5)
MaxDataSizeint7Maximum dataset size for analysis
OperationModeint00 = Test (CSV), 1 = Live (API)
MaxRetryAttemptsint9Maximum data loading retry attempts
MagicNumberint12345
TrailingPipsint50

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone abiodunaremu/openea 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, and any .mqh files into the Include folder the code expects.
  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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