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.
Read from fxchartai_openea.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
LotSize
double
1
Risk management: Position size
StopLossPips
int
400
Stop loss in pips
TakeProfitPips
int
500
Take profit in pips
ConfidenceLevel
int
5
Minimum confidence level required (1-5)
MaxDataSize
int
7
Maximum dataset size for analysis
OperationMode
int
0
0 = Test (CSV), 1 = Live (API)
MaxRetryAttempts
int
9
Maximum data loading retry attempts
MagicNumber
int
12345
TrailingPips
int
50
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone abiodunaremu/openea 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, and any .mqh files into the Include folder the code expects.
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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