MQL5 Expert Advisors Collection: Free MT5 Expert Advisor

Overview

The flagship EA executes trades across several currency pairs simultaneously, utilizing triangular hedging logic to manage exposure. It incorporates various lot management modes including geometrical and exponential scaling, which function as martingale strategies. Other tools in the library include a Bitcoin scalper, a moving average crossover robot, and a 200 EMA trend follower. Risk management is handled through manual steps, basket profit targets, and specific session trading parameters.

Multi-currency ring trading system

Geometrical and exponential lot scaling

Automated session trading controls

Real-time on-screen information dashboard

Details

Input parameters

Read from MT5-RingSystemEA_v3.7.3.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`OperationStr`	`string`	`\|\|---------- Operation Set ----------\|\|`	___ Exteral Settings_1 ___
`TypeOfOperation`	`Oper`	`Normal_Operation`	Type Of Operation Mode
`TimerInMillisecond`	`int`	`1000`	Timer In Millisecond For Events
`ManagePairsUse`	`string`	`\|\|---------- Manage Pairs And Side ----------\|\|`	___ Exteral Settings_2 ___
`CurrenciesTrade`	`string`	`EUR/GBP/USD`	Currencies To Make Pairs
`NoOfGroupToSkip`	`string`	`57,58,59,60`	No Of Groups To Skip
`SideOpenOrders`	`Side`	`Open_Plus_And_Minus`	Side Open Orders
`ManageOpenOrders`	`string`	`\|\|---------- Manage Open Orders ----------\|\|`	___ Exteral Settings_3 ___
`OpenOrdersInLoss`	`Step`	`Open_With_Manual_Step`	Open Orders In Loss Mode
`StepOpenNextOrders`	`double`	`200.0`	Step For Next Orders (Value $/Lot)
`StepOrdersProgress`	`ProgrS`	`Statical_Step`	Type Of Progress Step
`MinutesForNextOrder`	`int`	`60`	Minutes Between Orders

Show all 40 inputs

Name	Type	Default	Description
`MaximumGroups`	`int`	`0`	Max Opened Groups (0=Not Limit)
`ManageCloseProfit`	`string`	`\|\|---------- Manage Close Profit Orders ----------\|\|`	___ Exteral Settings_4 ___
`TypeCloseInProfit`	`CloseP`	`Single_Ticket`	Type Of Close In Profit Orders
`TargetCloseProfit`	`double`	`200.0`	Target Close In Profit (Value $/Lot)
`DelayCloseProfit`	`int`	`1`	Delay Before Close In Profit (Value Ticks)
`ManageCloseLoss`	`string`	`\|\|---------- Manage Close Losses Orders ----------\|\|`	___ Exteral Settings_5 ___
`TypeCloseInLoss`	`CloseL`	`Not_Close_In_Loss`	Type Of Close In Loss Orders
`TargetCloseLoss`	`double`	`1000.0`	Target Close In Loss (Value $/Lot)
`DelayCloseLoss`	`int`	`1`	Delay Before Close In Loss (Value Ticks)
`MoneyManagement`	`string`	`\|\|---------- Money Management ----------\|\|`	___ Exteral Settings_6 ___
`AutoLotSize`	`bool`	`false`	Use Auto Lot Size
`RiskFactor`	`double`	`1.0`	Risk Factor For Auto Lot Size
`ManualLotSize`	`double`	`0.01`	Manual Lot Size
`LotOrdersProgress`	`ProgrL`	`Statical_Lot`	Type Of Progress Lot
`UseFairLotSize`	`bool`	`false`	Use Fair Lot Size For Each Pair
`MaximumLotSize`	`double`	`0.0`	Max Lot Size (0=Not Limit)
`ControlSessionSet`	`string`	`\|\|---------- Control Session ----------\|\|`	___ Exteral Settings_7 ___
`ControlSession`	`bool`	`false`	Use Trade Control Session
`WaitAfterOpen`	`int`	`60`	Wait After Monday Open
`StopBeforeClose`	`int`	`60`	Stop Before Friday Close
`InfoOnTheScreen`	`string`	`\|\|---------- Info On The Screen ----------\|\|`	___ Exteral Settings_8 ___
`ShowPairsInfo`	`bool`	`true`	Show Pairs Info On Screen
`ColorOfTitle`	`color`	`clrKhaki`	Color Of Titles
`ColorOfInfo`	`color`	`clrBeige`	Color Of Info
`ColorLineTitles`	`color`	`clrOrange`	Color Of Line Titles
`ColorOfLine1`	`color`	`clrMidnightBlue`	Color Of Line 1
`ColorOfLine2`	`color`	`clrDarkSlateGray`	Color Of Line 2
`PositionOrders`	`int`	`485`	Position 'Orders' Info

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone AmonCheruiyotHQ/MQL5-ExpertAdvisors-Indicators 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 Expert Advisors Collection

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