Collection · MT5

MetaTrader 5 Indicator Strategy Collection

by tHeStRyNg

This repository contains a collection of MetaTrader 5 expert advisors based on popular technical indicators.

GitHub stars15
Forks7
Last update3 years ago23 Feb 2023
LicenceNone stated

Overview

The primary EA uses the Relative Strength Index to identify overbought and oversold conditions for trade entry. It manages risk through fixed stop loss and take profit settings, alongside a maximum position limit to control exposure. Other strategies in the collection include MACD crossovers, Bollinger Band breakouts, and multi-indicator scalping setups. The repository lacks a README file, so users must rely on the source code for strategy parameters and operational logic.

Details

Author

tHeStRyNg on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Indicator crossover, Scalping

Markets

Any symbol

Timeframes

Any timeframe

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.

Input parameters

Read from RSI_V5.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
InpVolumeLotOrRiskdouble0.01The value for "Money management"
InpStopLossuint200Stop Loss (SL)
InpTakeProfituint200Take Profit (TP)
InpMaxPositionsuchar10Maximum number of positions ('0' -> OFF)
InpShiftuchar2Shift in bars (from 1 to 255)
InpMagiculong270656969magic number
Inp_RSI_ma_periodint30RSI: averaging period
Inp_RSI_applied_priceENUM_APPLIED_PRICEPRICE_WEIGHTEDRSI: type of price
Inp_RSI_LevelUPdouble80RSI Fast and Slow: Level UP
Inp_RSI_LevelDOWNdouble20RSI Fast and Slow: Level DOWN
Inp_RSI_stringUPstringSignal SellRSI Fast and Slow: Level UP label
Inp_RSI_stringDOWNstringSignal BuyRSI Fast and Slow: Level DOWN label

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone tHeStRyNg/mt5_mql5_eas from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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