MQL5 EA Collection: Free MT5 Expert Advisor

Overview

The featured EA Lucre employs a grid strategy with integrated martingale or anti-martingale lot scaling. It manages risk through daily profit targets, drawdown limits, and optional multi-timeframe SuperTrend filters. Other utilities in the collection implement Fair Value Gaps, liquidity sweeps, and break of structure logic. The project lacks a README, requiring users to analyze the source code for specific strategy implementation and operational details.

Configurable martingale and anti-martingale modes

Multi-timeframe SuperTrend trend filtering

Daily drawdown and profit target protection

SMC logic including Fair Value Gaps and BOS

Details

Input parameters

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

Name	Type	Default	Description
`EA_Name`	`string`	`EA LUCRE`
`MagicNumber`	`int`	`163991`
`StartTrade`	`int`	`0`	Start Hour (0-23)
`EndTrade`	`int`	`23`	End Hour (0-23)
`TradeAgain`	`bool`	`true`	EA will trade again
`Loop`	`int`	`1000`	Number of trading cycles
`DbLots`	`int`	`1`	0=Fixed Lot, 1=Martingale, 2=Anti Martingale
`Lots`	`double`	`0.01`	Initial Lot Size
`MaxLot`	`double`	`5.0`	Maximum Lot Size
`Multiplier`	`double`	`1.6`	Lot Multiplier
`LotsDecimal`	`double`	`1.0`	Lot Decimal Precision
`SL`	`double`	`0.0`	Stop Loss (0 = disabled)

Show all 29 inputs

Name	Type	Default	Description
`TP`	`double`	`100.0`	Take Profit in points
`Distance`	`double`	`3.0`	Grid Distance in points
`MaxLevel`	`int`	`20`	Maximum Grid Levels
`UseDailyProfit`	`bool`	`false`	Enable daily profit limit
`DailyProfitLimit`	`double`	`100.0`	Daily profit target
`UseDailyDrawdown`	`bool`	`false`	Enable daily drawdown limit
`DailyDrawdownLimit`	`double`	`50.0`	Daily loss limit (positive value)
`UseSuperTrend`	`bool`	`false`	Enable SuperTrend confirmation
`ST_Timeframe1`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	SuperTrend Timeframe 1
`ST_Timeframe2`	`ENUM_TIMEFRAMES`	`PERIOD_M30`	SuperTrend Timeframe 2
`ST_ATRPeriod`	`int`	`22`	SuperTrend ATR Period
`ST_Multiplier`	`double`	`3.0`	SuperTrend Multiplier
`ST_SourcePrice`	`ENUM_APPLIED_PRICE`	`PRICE_MEDIAN`	SuperTrend Price Source
`ST_TakeWicks`	`bool`	`true`	SuperTrend Take Wicks Into Account
`Gi_324`	`color`	`Yellow`
`Gi_328`	`color`	`Red`
`Gi_332`	`color`	`Lime`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Santhosh-waran/MQL5 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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MQL5 EA Collection

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