Mean Reversion Trading Algorithm: Free MT5 Expert Advisor

Overview

Mean Reversion Trading Algorithm 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 and the position volume double for every subsequent trade in a series. Risk management is based on a percentage of free margin, though the scaling logic necessitates a substantial account balance to withstand trending markets.

Simple Moving Average entry logic

Exponential lot size doubling

Adjustable trade distance factor

Time-restricted trading sessions

Details

Author

PatchOnTheEdge on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Martingale, Grid

Markets

Indices, Forex

Timeframes

M15-H1

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

MeanReversion.mq5

Topics

mean-reversionmetatradermql5tradingtrading-algorithmstrading-bottrading-strategies

Source

github.com/PatchOnTheEdge/Mean-Reversion-Trading-Algorithm

Input Parameters

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

Name	Type	Default	Description
`MaximumRisk`	`double`	`0.001`	Maximum Risk in percentage
`MovingPeriodLongOpen`	`int`	`90`	Moving Average period long open
`MovingShiftLongOpen`	`int`	`0`	Moving Average shift long open
`HourStart`	`int`	`0`	start hour Nas: 0/1 - 18/19
`HourStop`	`int`	`24`	stop hour Dax 8 - 22
`TradeDistanceStart`	`int`	`10`	Distance between Trades
`TradeDistanceIncFactor`	`int`	`2`	Multiplier for Trade Distance

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone PatchOnTheEdge/Mean-Reversion-Trading-Algorithm 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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