This MetaTrader 5 expert advisor automates the 9.1 trading setup popularized by Larry Williams, utilizing an exponential moving average to detect trend shifts.
Larry Williams 9.1 Strategy enters trades based on price action relative to the moving average slope. The system includes built-in trade management features like partial profit taking, break-even adjustments, and a fixed take profit. Risk control is managed via daily financial profit and loss limits, as well as strict time-based trading windows and mandatory end-of-day closure.
Read from 9_1_v2.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
TimeFrame
ENUM_TIMEFRAMES
PERIOD_M5
TimeFrame
Media
int
9
Média
TP
double
1000
Take Profit em pontos
Volume
int
5
Quantidade Inicial de Contratos
HoraInicial
string
09:00
Horário de Início para novas operações
HoraFinal
string
16:00
Horário de Término para novas operações
HoraFechamento
string
17:30
Horário de Fechamento para posições abertas
LimiteGain
double
1000
Limite de Gain diário financeiro
LimiteLoss
double
500
Limite de Loss diário financeiro
BE
double
500
Variação em pontos para ativar o break even da operação
RP
double
500
Variação em pontos para fazer realização parcial
VolumeRP
int
3
Quantidade de contratos para realização parcial
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone kaiovalente/mql5 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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