Ighodalo MT5 Strategy Collection: Free MT5 Expert Advisor

Overview

The collection includes strategies based on Bollinger Bands, Relative Strength Index, moving average ribbons, and swing failure patterns. A core focus is the Ighodalo series for gold and CFDs, which utilizes candle range theory and break-and-retest logic. Risk management settings across the files include ATR-based volatility stops, daily drawdown protections, and session-specific trading hours. Some versions employ aggressive risk models such as martingale lot scaling and grid-based dollar-cost averaging.

Multi-timeframe point of interest filters

ATR-based dynamic stop loss multipliers

Daily and global account drawdown protection

Session management for London and New York sessions

Partial take profit and breakeven adjustment logic

Details

Input parameters

Read from Saro Trades V7 G.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`EA_MagicNumber`	`long`	`123456`
`Slippage`	`int`	`3`
`EnableHedge`	`bool`	`true`
`TradeDirection`	`ENUM_TRADE_DIRECTION`	`TradeBoth`
`MaxTotalRiskPct`	`double`	`10.0`
`AtrPeriod`	`int`	`14`
`AtrSlMultiplier`	`double`	`4.0`
`MaxDailyDrawdownPct`	`double`	`1.9`
`MaxGlobalDrawdownPct`	`double`	`20.0`
`ProfitTargetRR`	`double`	`20.0`
`FlipFallbackCandles`	`int`	`60`
`FlipFallbackReward`	`double`	`5.0`	RR multiplier for fallback TP

Show all 40 inputs

Name	Type	Default	Description
`MaxMarginUsagePct`	`double`	`60.0`	Max % of equity allowed in margin for NEW orders
`StartBalance`	`double`	`50000.0`
`TargetBalance`	`double`	`55000.0`
`EnableTargetBalance`	`bool`	`true`
`EnableDynamicRisk`	`bool`	`true`
`EnablePartialTP`	`bool`	`false`
`PartialTP_RR`	`double`	`2.0`
`PartialTP_Percent`	`double`	`50.0`
`SequenceBE_StartR`	`double`	`2.0`
`BreakevenOffsetR`	`double`	`0.0`	offset in R (risk units) for breakeven SL
`TradeExpiryCandles`	`int`	`60`	bars after first fill before BE can be armed by time
`EnablePeakDrawdownExit`	`bool`	`true`
`PeakDrawdownStartR`	`double`	`2.0`
`PeakProfitDrawdownPercent`	`double`	`30.0`
`EnableDiscountPremium`	`bool`	`true`
`FilterTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M15`
`LookbackPeriod`	`int`	`50`
`ZonePercentage`	`double`	`20.0`
`NoTradeStartHour`	`int`	`23`
`NoTradeStartMin`	`int`	`30`
`NoTradeEndHour`	`int`	`0`
`NoTradeEndMin`	`int`	`30`
`CooldownH4Candles`	`int`	`1`
`TradeNewYork`	`bool`	`true`
`TradeLondon`	`bool`	`true`
`TradeTokyo`	`bool`	`true`
`TradeSydney`	`bool`	`true`
`EnableSupportResistance`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Desmath3/MT5-EA-Project 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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Ighodalo MT5 Strategy Collection

Overview

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