This MetaTrader 5 expert advisor executes trades based on the Ichimoku Kinko Hyo system, specifically targeting cloud breakouts. It incorporates several technical filters including Average True Range for volatility and Average Directional Index for trend strength to refine entries. Risk management is handled through pe
Trading robot · MT5
GBPJPY Trader
This automated expert advisor for MetaTrader 5 is specifically designed for the GBPJPY currency pair.
GitHub stars1
Forks0
Last update2 years ago22 Jun 2024
LicenceNone stated
Overview
GBPJPY Trader utilizes a breakout strategy based on psychological key price levels, which are adjustable in the settings. The bot filters entries using two Simple Moving Averages and the Average Directional Index to confirm trend direction and strength. Risk controls include percentage-based lot sizing, time-of-day filters, and a trailing stop module. Notably, the default stop loss and take profit inputs are set to zero, requiring manual configuration by the user.
- Psychological key level breakout detection
- Dual SMA trend filtering
- ADX trend strength confirmation
- Time-restricted trading windows
- Percentage-based risk lot sizing
Details
Author
AidanB21 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout, Trend following, Indicator crossover
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from GBPJPY Trader.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
StopLoss | int | 0 | |
TakeProfit | int | 0 | |
percent_risk | double | 0.1 | |
Timeframe | ENUM_TIMEFRAMES | 1 | |
StartHour | int | 1 | |
EndHour | int | 23 | |
StartMinute | int | 0 | |
EndMinute | int | 0 | |
NumTradeAllowed | int | 1 | |
RunTrailing | bool | true | |
TrailingStart | double | 100 | |
TrailingStop | double | 50 |
Show all 24 inputs
| Name | Type | Default | Description |
|---|---|---|---|
SMA_Period_short | int | 50 | |
SMA_Period_long | int | 200 | |
SMA_Buffer | double | 0.2 | |
SMA_Timeframe | ENUM_TIMEFRAMES | 1 | |
Key_Level_1 | double | 0.000 | |
Key_Level_2 | double | 0.200 | |
Key_Level_3 | double | 0.500 | |
Key_Level_4 | double | 0.800 | |
Price_Range | double | 0.00 | |
adx_period | int | 9 | |
adx_middle_value | int | 25 | |
ADX_Timeframe | ENUM_TIMEFRAMES | 1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone AidanB21/Algorithmic-Trading-Bot 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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