This development framework provides a comprehensive MQL library for building Expert Advisors, indicators, and scripts across MetaTrader 4 and 5 platforms. It facilitates cross-platform compatibility by offering a unified API that allows developers to port MQL4 code to MQL5 with minimal modifications. The library includ
Framework & template · MT5
Integrated Risk Manager Template
This MetaTrader 5 expert advisor serves as a modular template designed for integrated risk management.
GitHub stars1
Forks2
Last update2 years ago5 Aug 2024
LicenceNone stated
Overview
Integrated Risk Manager Template functions as a framework rather than a standalone trading robot, focusing primarily on capital protection parameters. The tool allows users to define the percentage of the account balance to risk per position and set a fixed risk-to-reward ratio. It includes an on-chart information panel to display current settings and incorporates time-based filters to restrict activity to specific session hours. The repository lacks a README.
- Customizable percentage-based risk management
- User-defined risk-to-reward ratio settings
- Integrated on-chart information panel
- Configurable session start and end times
Details
Author
gmakhobe on GitHub
Type
Framework & template
Platform
MetaTrader 5 (MQL5)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from app.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
PercentageToRisk | double | 1 | Percentage to Risk |
RiskToRewardRatio | double | 2 | Risk to reward |
RiseStart | int | 8 | Start of the session 8 = 8:00 |
SetStart | int | 22 | End of the session 22 = 22:00 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone gmakhobe/MQL5_Integrated_RiskManager_EA_Template 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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