This repository provides a collection of automated trading systems for MetaTrader 4 and 5. The expert advisors utilize various technical indicators, including ADX, DMI, RSI, and Heiken Ashi, to determine market entry points. Some strategies are based on price action from previous candle directions. Trade management fea
Collection · MT5
MQL5 Expert Advisor Collection
This repository provides a collection of MetaTrader 5 expert advisors centered on indicator-based trend following and scalping strategies.
GitHub stars20
Forks9
Last update4 years ago1 May 2022
LicenceNone stated
Overview
The primary system employs a triple exponential moving average crossover on the M5 timeframe, filtered by higher-timeframe trend direction from the H1 chart. The collection also includes separate bots utilizing the Awesome Oscillator and Stochastic indicators for trade generation. Risk management features across these tools include fixed lot sizes, stop losses, and take profit levels. The repository documentation is minimal, focusing primarily on the source code for the individual strategies.
- Multi-timeframe EMA trend filtering
- M5 timeframe scalping logic
- Awesome Oscillator and Stochastic strategies
- Configurable stop loss and take profit
- Automated MetaTrader 5 execution
Details
Author
gunatheeban on GitHub
Type
Collection
Platform
MetaTrader 5 (MQL5)
Strategy
Indicator crossover, Scalping, Trend following
Markets
Forex
Timeframes
M1-M5, M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Topics
botmql5tradingawsome-oscillatorstochastic-expert
Input parameters
Read from Simple and Profitable Forex Scalping.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TakeProfit | int | 40 | |
StopLoss | int | 20 | |
lots_point | double | 0.1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone gunatheeban/MQL-5-Experts 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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