This MetaTrader 5 repository provides a diverse collection of automated trading systems, including tools for supply and demand, news fetching, and price action strategies. The primary expert advisor utilizes moving average crossovers and momentum filters to identify market pullbacks. It incorporates trade management fe
Collection · MT4 · MT5
Monster MQ5 Black Box Collection
This collection of expert advisors for MetaTrader 4 and 5 provides various automated strategies based on price action and technical indicators.
High risk
GitHub stars12
Forks6
Last update2 years ago15 Jan 2024
LicenceNone stated
Overview
The primary EA utilizes a moving average crossover system with switchable modes for different market conditions. It features a martingale lot-scaling system for sideways markets and a stacking method for trending markets. Risk controls include drawdown limits and specific profit-based order incrementing logic. The repository includes specialized modules for pin bars, order blocks, and weekly bias strategies.
- Moving average crossover entry signals
- Integrated martingale lot multiplier
- Automatic drawdown limit protection
- Switchable night and day trading modes
- Multi-strategy support for MT4 and MT5
Details
Author
mngz47 on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
Strategy
Indicator crossover, Martingale, Grid, SMC / ICT / price action
Markets
Forex, Gold
Timeframes
M1-M5, M15-H1, H4 and above
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
EA files
Topics
automationeconomicsexpert-advisorfintechforex
Input parameters
Read from Monster_111.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
INFO | string | Click Cancel (Auto magic number will reset) | |
FastMAPeriod | int | 2 | |
SlowMAPeriod | int | 30 | |
INFO1 | string | Used to detect entry. | |
LOT | float | 0.01 | |
LOT_MULTIPLIER | int | 3 | |
INFO3 | string | Used by Martingale to make back loss. | |
draw_down_limit | float | -5 | |
INFO4 | string | The amount of drawdown allowed before placing orders. | |
direction_confirm_profit | float | 100 | |
INFO5 | string | The amount of profit before increasing max_order. | |
MODE | MODEOPTION | MARKET_CONDITION_TP |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone mngz47/mq5_black_box from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .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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