Krsna Daily EA: Free MT5 Expert Advisor

Overview

Users can set a specific starting hour for the trading day, and the EA plots visual candle overlays on the chart. It places buy or sell limit orders at specific retracement levels when higher highs or lower lows are detected relative to the previous custom candle. Risk management features include fixed lot sizing, a configurable risk-to-reward ratio for take profits, and stop loss placement relative to candle extremes.

Custom daily candle plotting

Limit orders at retracement levels

Visual tooltips with candle data

Automatic daily order management

Details

Author

rahuldhangar on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Mean reversion

Markets

Any symbol

Timeframes

H4 and above

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

KrsnaDailyEA.mq5

Source

github.com/rahuldhangar/KrsnaDailyEA

Input parameters

Read from KrsnaDailyEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`LotSize`	`double`	`0.1`	Lot size, default is 0.1 lot
`tpMultiplier`	`double`	`1.25`	Risk : Reward ratio
`slAboveHighOrBelowLow`	`double`	`6.0`	Place SL above high / below low
`retracementInPer`	`double`	`0.5`	Retracement level for placing order
`StartHour`	`int`	`7`	Starting hour of the custom daily candle
`CandleBodyWidth`	`int`	`3`	Width of the candle body
`HighLowLineWidth`	`int`	`1`	Width of the high-low line
`CandleShift`	`int`	`1`	Shift amount for the custom candles
`rectGreenColor`	`color`	`clrNONE`	Rectangle color for green candle
`rectRedColor`	`color`	`clrNONE`	Rectangle color for red candle
`rectAlpha`	`int`	`255`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone rahuldhangar/KrsnaDailyEA 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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