High Frequency Grid EA is an automated trading robot for MetaTrader 5 that implements a mean-reversion strategy through a grid of pending orders. It places buy and sell stop orders at calculated distances, using dynamic spread monitoring to ensure execution only during favorable conditions. The EA includes a trailing s
Trading robot · MT5
Make Money EA
This MetaTrader 5 expert advisor implements a mean-reversion strategy primarily designed for the EUR/USD pair.
GitHub stars4
Forks2
Last update7 years ago21 Jun 2019
LicenceNone stated
Overview
Make Money EA utilizes a 25-period Moving Average to identify price deviations, operating on the theory that hourly prices will eventually return to the mean. The code facilitates a dual-position approach, managing simultaneous buy and sell orders to capture fluctuations. Risk controls include fixed lot sizing and a basic position limit, though the provided code lacks explicit stop loss or take profit logic in its primary initialization.
- 25-period Moving Average comparison
- Dual-position hedging logic
- Automated EURUSD mean reversion
- Position count management
Details
Author
lukeewu on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Hedging
Markets
Forex
Timeframes
M15-H1
Risk profile
- Holds opposite positions at once
- Trades without a fixed stop loss
EA files
Source
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone lukeewu/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, 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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