The robot evaluates volatility, trend, and range data to calculate confidence scores for strategy and risk before opening positions. It manages trades using either fixed point targets or dynamic range-based exit logic. Risk management features include mandatory stop loss and take profit levels, spread filters, and limits on the number of open positions per symbol. While the code is highly structured, the documentation is minimal.
Read from GaRXY_FeNX.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpExecutionEnabled
bool
false
InpExecutionSymbol
string
USDJPY
InpExecutionMagicNumber
long
93095
InpExecutionFixedLot
double
0.01
InpExecutionMaximumSpreadPoints
double
20.0
InpExecutionEntryBoundaryDistancePoints
double
20.0
InpExecutionEntryBoundaryDistanceAtrRatio
double
0.15
InpExecutionExitMode
string
RANGE_BASED
InpExecutionFixedTakeProfitPoints
double
30.0
InpExecutionFixedStopLossPoints
double
30.0
InpExecutionRangeStopBufferPoints
double
10.0
InpExecutionMinimumRangeScore
double
70.0
Show all 22 inputs
Name
Type
Default
Description
InpExecutionMinimumStrategyConfidence
double
65.0
InpExecutionMinimumRiskConfidence
double
60.0
InpExecutionOrderCooldownSeconds
int
60
InpExecutionOneOrderPerBar
bool
true
InpExecutionMaximumOpenPositionsPerSymbol
int
1
InpExecutionAllowBuy
bool
true
InpExecutionAllowSell
bool
true
InpExecutionMaximumSlippagePoints
int
10
InpExecutionTransientRetryLimit
int
1
InpExecutionTradeComment
string
GaRXY_FeNX_Core_v1
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone VelSepia/GaRXY-FeNX-Lite 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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