Jamesmaria EA employs an H1 entry strategy based on the EMA 21/50 crossover and RSI confirmation, using H4 trend filtering for higher-probability setups. The EA includes dynamic lot sizing scaled to account equity, ATR-based take profits, and a trailing stop. Risk management features include a daily percentage loss limit, a maximum spread filter, and a session filter for London and New York hours. While documentation suggests conservative settings, the code defaults to a high equity-based stop loss.
Read from JamesmariaEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
TradeEURUSD
bool
true
TradeEURGBP
bool
true
TradeXAUUSD
bool
true
LotPer100
double
0.10
Lot per $100 equity (EURUSD, EURGBP) — scales with balance
GoldLotPer100
double
0.01
Lot per $100 equity (XAUUSD) — scales with balance
SL_Pct
double
50.0
Stop Loss = X% of current equity (50 = risk half equity)
MaxLot
double
5.0
Maximum lot size (safety cap)
MinLot
double
0.01
Minimum lot size
FastEMA
int
21
Fast EMA period
SlowEMA
int
50
Slow EMA period
RSI_Period
int
14
RSI period
RSI_OB
double
65.0
RSI overbought (sell zone)
Show all 25 inputs
Name
Type
Default
Description
RSI_OS
double
35.0
RSI oversold (buy zone)
ATR_Period
int
14
ATR period for SL/TP
ATR_TP_Multi
double
2.5
TP = ATR x this multiplier (RR ~1:1.7)
RiskReward
double
1.7
Risk:Reward ratio (TP = SL x this)
MaxSpreadPts
int
30
Max allowed spread in points (skip if wider)
LondonOpen
int
8
London session open hour (GMT)
NYClose
int
21
New York session close hour (GMT)
UseSessionFilter
bool
true
Enable session filter
MagicNumber
int
20260524
Unique EA identifier
MaxTradesTotal
int
3
Max open trades across all pairs
DailyLossLimit
double
5.0
Stop trading if daily loss > X% of balance
UseTrailingStop
bool
true
Enable trailing stop
TrailATRMulti
double
1.0
Trail stop distance in ATR multiples
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone King-jamesmaria/JamesmariaEA 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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