MonsterFX Reliable Trader executes a dual-timeframe strategy using EMA crossovers, a 200-period trend filter, RSI, and VWAP on the M5 and M15 charts. The EA manages trades with ATR-based stop loss and take profit levels, along with a trailing stop. It includes rigorous risk controls such as maximum daily loss limits, drawdown protection, news filters, and session filters. While Forex pairs like EURUSD are traded automatically, gold signals are broadcast to Discord for manual execution.
Dual timeframe EMA crossover strategy
Integrated Discord notification system via Python webhook
Read from MonsterFX_AutoTrader.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
ServerURL
string
http://127.0.0.1:5000
SecretKey
string
Jx9B!p4t_92LmXz
DefaultLotSize
double
0.01
MaxDrawdownPercent
double
20.0
MaxDailyLossPercent
double
10.0
MaxForexTradesPerDay
int
7
MaxConcurrentTrades
int
2
UseATRBasedSLTP
bool
true
ATRMultiplierSL
double
1.5
ATRMultiplierTP
double
3.0
ATRPeriod
int
14
StopLossPips
int
50
Show all 40 inputs
Name
Type
Default
Description
TakeProfitPips
int
150
UseTrailingStop
bool
true
TrailingStopPips
int
30
TrailingStepPips
int
10
SendGoldSignals
bool
true
MaxGoldSignalsPerDay
int
5
GoldStopLossPips
int
300
GoldTP1Pips
int
300
GoldTP2Pips
int
500
GoldTP3Pips
int
800
TrendTF
ENUM_TIMEFRAMES
PERIOD_M15
EntryTF
ENUM_TIMEFRAMES
PERIOD_M5
FastEMA
int
21
SlowEMA
int
50
TrendEMA
int
200
UseTrendFilter
bool
true
UseRSIFilter
bool
true
UseVWAPFilter
bool
true
RSIPeriod
int
14
RSIOverbought
int
70
RSIOversold
int
30
UseSessionFilter
bool
true
LondonStartHour
int
8
LondonEndHour
int
16
NewYorkStartHour
int
13
NewYorkEndHour
int
21
TradeOnFriday
bool
true
FridayStopHour
int
20
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone NadirAliOfficial/monsterfx-reliable-trader 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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