MADR Brothers: Free MT5 Expert Advisor

Overview

MADR Brothers filters market trends using a long-period MADR on higher timeframes while entering trades based on overbought or oversold levels of a shorter-period MADR. The system includes risk management features such as equity-based lot sizing, optional percentage-based stop loss and take profit, and a volume ratio momentum filter. It offers optional grid and martingale modes for recovery, alongside customizable trend-following or mean-reversion configurations.

Multi-timeframe MADR signal analysis

Optional grid and martingale recovery modes

Equity-based dynamic lot calculation

Volume Ratio momentum filter

Customizable MADR exit thresholds

Details

Author

mitsuaki-41 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Mean reversion, Grid, Martingale

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Trades without a fixed stop loss

EA files

MADR_Brothers.mq5

Source

github.com/mitsuaki-41/MADR_Brothers

Input parameters

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

Name	Type	Default	Description
`MagicNumber`	`ulong`	`123456`	Magic Number
`TrendFollowing`	`bool`	`true`	Trend Following (Long MADR)
`InitialTrend`	`Trend1`	`0`	Initial Trend Signal
`InitializeSignal`	`bool`	`false`	Off Trend Signal at Range Area
`FixTrend`	`Trend2`	`0`	Fix Trend Signal
`longMaTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_D1`	Long MADR Timeframe
`InpLongMaPeriod`	`int`	`5`	Long MADR Period
`InpLongMaDevThresholdBull`	`double`	`0.31`	Bullish Signal Threshold by Long MADR
`InpLongMaDevThresholdBear`	`double`	`-0.31`	Bearish Signal Threshold by Long MADR
`ignoreLongMaDevSig`	`bool`	`false`	Ignore Trend Signal
`InpMaPeriod`	`int`	`12`	MADR period
`InpMaDevThresholdBought`	`double`	`0.31`	MADR OverBought Threshold

Show all 37 inputs

Name	Type	Default	Description
`InpMaDevThresholdSold`	`double`	`-0.31`	MADR OverSold Threshold
`InpPeriodVR`	`int`	`144`	Volume Ratio Period
`InpThresholdVR`	`double`	`1.618`	Required Volume Ratio Threshold (0: Off)
`InpRequiredBars`	`int`	`0`	Required Consecutive Bar Count (0: Off)
`InpIdioticalMode`	`bool`	`false`	Idiotical Mode (Reverse Order Side)
`idioticalAlternation`	`bool`	`false`	Turn on Idiotical Mode by Odd Loss Count
`DontOpenAfter_SLTP`	`bool`	`true`	Don't Open After SL/TP until Next Bar
`LotCoefficient`	`double`	`0.0001`	Lot Coefficient Value (Based on Equity)
`MaxLossCount`	`int`	`2`	Max Loss Count (0: Disable Lot Multiplier)
`initialLossCount`	`int`	`1`	Initial Loss Count
`LotMultiplier`	`double`	`0.786`	Lot Multiplier after Loss Trading
`MaxLotDenominator`	`int`	`1`	Denominator Max First Lot
`GridSwitch`	`bool`	`false`	Enable Grid
`GridDistance`	`double`	`0.31`	Grid Distance Percentage
`GridMultiplier`	`double`	`1.618`	Multiplier Each Grid Distance
`GridLotMultiplier`	`double`	`0.618`	Grid Order Lot Multiplier (0: Off)
`TakeProfitPercentage`	`double`	`0`	Take Profit Percentage (0: Off)
`StopLossPercentage`	`double`	`0`	Stop Loss Percentage (0: Off)
`LossToRangeFactor`	`double`	`1.0`	Loss to SL/TP Range Factor (1.0: Off)
`CloseWithMaDev`	`bool`	`true`	Close with Current MADR
`closeMaDevThresholdBought`	`double`	`-0.2`	Current MADR Close Bought Threshold
`closeMaDevThresholdSold`	`double`	`0.2`	Current MADR Close Sold Threshold
`DebugMode`	`bool`	`false`	Debug Mode
`StopEA_MarginLevel`	`double`	`25`	Debug Mode EA Stop Margin Level Percentage
`CommentSwitch`	`bool`	`true`	Comment On / Off

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone mitsuaki-41/MADR_Brothers 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.

Similar expert advisors

IchiDCA CCBSN PropFirm EA

by magicniuniu

IchiDCA CCBSN PropFirm EA is an automated trend-following robot for MetaTrader 5, optimized for gold and forex markets. It triggers trades based on Ichimoku Cloud breaks, filtered by dual Exponential Moving Averages and MACD indicators. The strategy manages positions through a Dollar Cost Averaging system that layers u

MT5 Trading robot Trend followingGridMean reversion High risk

Updated 6 months ago MIT GitHub

Se-0303

by se333

Se-0303 is an automated trading robot for MetaTrader 4 and 5 that employs a grid-based approach with Martingale lot scaling. It determines entries through trend analysis and M1 fractals, using coefficients to calculate order distances and take profit targets relative to price height. The EA includes specific risk contr

MT4MT5 Trading robot GridMartingaleTrend following High risk

Updated 6 years ago None stated GitHub

XAUUSD Adaptive Mean Reversion EA

by BlamzKunG

This Expert Advisor for MetaTrader 5 focuses on gold trading through a combination of mean-reversion signals and a grid management system. It uses multi-timeframe filters, including exponential moving averages and ADX on the H1 timeframe, to identify trend direction while executing entries on M15 based on RSI and Bolli

MT5 Trading robot Mean reversionGridMartingale High risk

Updated 3 weeks ago MIT GitHub

RSI Martingale EA

by peefpee

This Expert Advisor for MetaTrader 5 implements a martingale trading strategy triggered by the Relative Strength Index (RSI). It opens an initial position when RSI reaches overbought or oversold thresholds. If price continues to move against the initial trade, the EA layers additional orders at set point intervals, mul

MT5 Trading robot MartingaleMean reversionGrid High risk

Updated 1 year ago MIT GitHub

Smart Grid Martingale EA

by chenhengyi53-design

This MetaTrader 5 expert advisor executes a grid trading strategy enhanced with martingale lot scaling. The system identifies market direction through multi-timeframe analysis using Exponential Moving Averages and the Average Directional Index. It features dynamic grid spacing that adjusts based on market volatility an

MT5 Trading robot GridMartingaleTrend following High risk

Updated 7 months ago None stated GitHub

Mean Reversion Trading Algorithm

by PatchOnTheEdge

This MetaTrader 5 expert advisor executes a mean reversion strategy based on price deviation from a Simple Moving Average. It enters short positions when prices rise above the average and long positions when prices fall below. The algorithm utilizes an aggressive grid-based recovery system where both the entry distance

MT5 Trading robot Mean reversionMartingaleGrid High risk

Updated 3 years ago MIT GitHub