Mql5 Book EA Collection: Free MT5 Expert Advisor

Overview

Mql5 Book EA Collection includes several distinct strategies such as RSI and Bollinger Band counter-trend systems, moving average crossovers, and breakout trading with pending orders. Each EA includes standard risk management features such as fixed or percentage lot sizing, trailing stops, and break-even controls. The repository provides versions optimized for both netting and hedging accounts. As an educational resource, the code is modular but lacks documentation or specific market recommendations.

RSI and Bollinger Band counter-trend logic

Moving average crossover and breakout strategies

Integrated trailing stop and break-even functions

Session-based trading via time filters

Details

Input parameters

Read from Bands RSI Countertrend (Hedging).mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Slippage`	`ulong`	`3`
`MagicNumber`	`ulong`	`43`
`TradeOnNewBar`	`bool`	`true`
`MM`	`string`	`—`	Money Management
`UseMoneyManagement`	`bool`	`true`
`RiskPercent`	`double`	`2`
`FixedVolume`	`double`	`0.1`
`SL`	`string`	`—`	Stop Loss & Take Profit
`StopLoss`	`int`	`0`
`TakeProfit`	`int`	`0`
`TS`	`string`	`—`	Trailing Stop
`UseTrailingStop`	`bool`	`false`

Show all 34 inputs

Name	Type	Default	Description
`TrailingStop`	`int`	`0`
`MinimumProfit`	`int`	`0`
`Step`	`int`	`0`
`BE`	`string`	`—`	Break Even
`UseBreakEven`	`bool`	`false`
`BreakEvenProfit`	`int`	`0`
`LockProfit`	`int`	`0`
`BB`	`string`	`—`	Bollinger Bands
`BandsPeriod`	`int`	`20`
`BandsShift`	`int`	`0`
`BandsDeviation`	`double`	`2`
`BandsPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`
`RS`	`string`	`—`	RSI
`RSIPeriod`	`int`	`8`
`RSIPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`
`TI`	`string`	`—`	Timer
`UseTimer`	`bool`	`false`
`StartHour`	`int`	`0`
`StartMinute`	`int`	`0`
`EndHour`	`int`	`0`
`EndMinute`	`int`	`0`
`UseLocalTime`	`bool`	`false`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone wil2015/mql5livro 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, and any .mqh files into the Include folder the code expects.

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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Mql5 Book EA Collection

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