Montero Trading Bots Collection: Free MT5 Expert Advisor

Overview

The repository features Mecha Godzilla, a grid trading system using ATR-based spacing and bidirectional orders, alongside specialized bots for Asian session breakouts and H4 trend following. Risk management features across the tools include daily loss limits, balance targets, and trailing stops. While some EAs are optimized for proprietary trading challenges, certain strategies utilize grid layering, martingale lot multipliers, or lack a default stop loss, requiring careful supervision.

Grid trading with ATR-based dynamic spacing

Multi-symbol support for indices and gold

Hurst exponent filter for market regime detection

Automated lot scaling based on account balance

Integrated daily loss limits for account protection

Details

Input parameters

Read from MECHA_GODZILLA 31 v01.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Timeframe`	`ENUM_TIMEFRAMES`	`PERIOD_H1`
`FixedContractSize`	`double`	`0.01`	Lote del grid. Si UseAutoScaling=true, es solo el valor
`UseStopLoss`	`bool`	`false`
`StopLossATRMultiplier`	`double`	`5.0`
`MinProfitToClose`	`double`	`0.30`
`UseBalanceTarget`	`bool`	`false`
`BalanceTarget`	`double`	`605.0`
`MinOperatingBalance`	`double`	`1.0`
`MaxDailyLoss`	`double`	`350.0`	Base; escala con el lote efectivo (ver UnwindFastTrackRefLot)
`SafetyBeltFactor`	`double`	`1.0`
`UseAutoScaling`	`bool`	`false`	true: FixedContractSize/UnwindLotSize/MaxGridPositions se
`CenterLookbackBars`	`int`	`500`

Show all 40 inputs

Name	Type	Default	Description
`CenterNumBuckets`	`int`	`50`
`CenterMinQualityScore`	`double`	`1.2`
`RecalcIntervalDays`	`int`	`7`
`RecalcATRDistance`	`double`	`3.0`
`AtrPeriod`	`int`	`14`
`AtrStepMultiplier`	`double`	`1.5`
`MaxGridLevels`	`int`	`20`
`MaxPositionsPerLevel`	`int`	`2`
`LimitGridPositions`	`bool`	`true`
`MaxGridPositions`	`int`	`12`	Techo manual. Si UseAutoScaling=true, es solo el valor
`PauseMultiplier`	`double`	`12.0`	Grid pausa solo ante movimientos muy grandes
`ResumeMultiplier`	`double`	`2.0`
`MinBarsInState`	`int`	`24`
`GridDirection`	`int`	`0`	0=Bidireccional \| 1=Solo BUYs \| 2=Solo SELLs
`UseHurstFilter`	`bool`	`false`	Activar filtro de régimen por exponente de Hurst
`HurstPeriod`	`int`	`100`	Barras para calcular el exponente de Hurst
`HurstThreshold`	`double`	`0.65`	H > umbral → tendencia → grid no abre posiciones
`UseFIFOTimeLimit`	`bool`	`false`	Activa el cierre forzado de la posición más antigua
`FIFOMaxDaysOpen`	`int`	`30`	Días abierta antes de ser candidata a cierre forzado
`FIFOCloseIntervalDays`	`int`	`2`	Días mínimos entre dos cierres FIFO consecutivos
`UnwindLotSize`	`double`	`0.04`	Si UseAutoScaling=true, valor de partida — se recalcula solo
`UnwindMinBarsBeforeActivation`	`int`	`48`
`UnwindCooldownBars`	`int`	`48`
`UnwindMinPairProfit`	`double`	`0.10`
`UnwindTrailATR`	`double`	`8.0`	Trailing de fase 1 (grid aún abierto)
`UnwindPhase2TrailATR`	`double`	`2.0`	Trailing de fase 2 (TF corriendo sola), mínimo
`UnwindPhase2TrailATRMax`	`double`	`5.0`	Trailing de fase 2, máximo
`UnwindPhase2TrailScaleUSD`	`double`	`20.0`	Beneficio extra para llegar del mínimo al máximo

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Sitodine99/Trading_Bots 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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Montero Trading Bots Collection

Overview

Details

Author

Type

Platform

Strategy

Markets

Timeframes

Risk profile

EA files

Source