IJESHA Algo EA utilizes Stochastic, Commodity Channel Index (CCI), Parabolic SAR, and Exponential Moving Averages (EMA) to identify entries, specifically targeting bullish and bearish divergence patterns. Risk management includes fixed lot sizing, maximum daily trade limits, and concurrent position caps. Trade protection is handled via automated break-even points, trailing stops, and stop loss levels calculated from either fixed points or SAR values.
Read from IJESHA_ALGO_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpLotSize
double
0.02
Lot Size (Fixed)
InpMagicNumber
int
123456
Magic Number
InpAutoSpread
bool
true
Auto-Adaptive Spread Limit
InpMaxSpread
int
300
Maximum Spread (Points, 300 for Gold)
InpMaxTradesDay
int
10
Max Trades Per Day
InpMaxConcurrent
int
3
Max Concurrent Open Positions
InpStochK
int
14
Stochastic %K Period
InpStochD
int
3
Stochastic %D Period
InpStochSlowing
int
3
Stochastic Slowing
InpCCIPeriod
int
14
CCI Period
InpSLPoints
int
200
Stop Loss (Points, 0 = use SAR)
InpTPRatio
double
2.0
Take Profit Ratio (TP = SL x Ratio)
Show all 37 inputs
Name
Type
Default
Description
InpUseSARFilter
bool
true
Use Parabolic SAR Filter
InpSARStep
double
0.02
SAR Step
InpSARMax
double
0.2
SAR Maximum
InpUseEMAFilter
bool
true
Use EMA Trend Filter
InpEMAMode
ENUM_EMA_MODE
EMA_MODE_PRICE_ONLY
EMA Trend Filter Mode
InpEMAPeriod
int
50
EMA Period (Slow)
InpEMAFastPeriod
int
21
EMA Fast Period
InpDivSwingLookback
int
50
Swing Detection Lookback Bars
InpDivMinBars
int
5
Min Bars Between Swings
InpRequireBothDiv
bool
false
Require Both CCI + Stoch Divergence
InpUseSessionFilter
bool
false
Use Session Filter (false = 24/5 Trading)
InpSessionStartHour
int
7
Session Start Hour (Server Time)
InpSessionEndHour
int
20
Session End Hour (Server Time)
InpUseBreakEven
bool
true
Use Break-Even
InpBEPoints
int
60
Break-Even Activation (Points - 6 pips)
InpBEPlusPoints
int
5
Break-Even Plus (Points - 0.5 pip above entry)
InpUseTrailing
bool
true
Use Trailing Stop
InpTrailActivate
int
100
Trailing Activation (Points - 10 pips)
InpTrailStep
int
30
Trailing Step (Points - 3 pips)
InpShowDashboard
bool
true
Show On-Chart HUD Dashboard
InpDrawDivergence
bool
true
Draw Divergence Lines
InpBuyDivColor
color
clrLime
Buy Divergence Line Color
InpSellDivColor
color
clrRed
Sell Divergence Line Color
InpDivLineWidth
int
2
Divergence Line Width
InpDivLookback
int
30
Divergence Lookback Bars
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone Shifrozy/IJESHA-MT5-EA 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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