MH EA Collection: Free MT5 Expert Advisor

Overview

The robot utilizes a combination of the Relative Strength Index, Average True Range, and Average Directional Index alongside three simple moving averages to identify trends. It incorporates risk controls including percentage-based lot sizing, break-even adjustments, and a specified risk-to-reward ratio. Additionally, it features account-level safeguards with monthly profit and loss limits. The repository contains over seventy files but lacks a README or documentation explaining the various individual strategies.

Monthly equity-based profit and loss targets

Triple moving average trend filtering

Configurable risk-to-reward and position sizing

Daily trade limits per symbol

Automated break-even functionality

Details

Author

mhizterkeyz on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Indicator crossover, Mean reversion

Markets

Gold, Forex

Timeframes

M15-H1

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.

EA files

About 77 expert advisors in this repository. See them all on GitHub.

Source

github.com/mhizterkeyz/EAS

Input parameters

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

Name	Type	Default	Description
`RiskAmount`	`double`	`2.0`	Risk Per Trade
`RR`	`double`	`0.0`	Risk to reward per trade.
`UsePercent`	`bool`	`true`	Treat risk amount as percent of account balance instead of amount
`TradeCount`	`int`	`3`	Trades per symbol per day
`BreakEven`	`bool`	`true`	Break even trades
`PercentagePerMonth`	`double`	`10.0`	Profit target per month (percent)
`PercentageLossPerMonth`	`double`	`10.0`	Loss target per month (percent)

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone mhizterkeyz/EAS 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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