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This repository provides a collection of Expert Advisors for MetaTrader 5 and Python trading scripts developed for an educational YouTube series. It features various technical indicator-based strategies, including MACD, Relative Strength Index, Stochastic, and Bollinger Bands. The included MQL5 files implement multi-ti
Collection ยท MT5
MQL5 Strategy Collection
This repository contains a collection of MetaTrader 5 expert advisors focusing on technical analysis and candlestick price action.
GitHub stars1
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Last update3 years ago23 May 2023
LicenceNone stated
Overview
The scripts explore various entry methods, including Bollinger Bands with RSI for counter-trend setups and 'Big Shadow' engulfing patterns. The logic calculates specific candle metrics, such as price ranges divided into thirds and fifths, to identify market structure. The code also utilizes hardcoded horizontal price levels for support and resistance. As a set of experimental scripts, the documentation is minimal and comprehensive risk management features are not standard across the files.
- Candlestick pattern recognition logic
- Bollinger Bands and RSI counter-trend integration
- Hardcoded horizontal support and resistance zones
- Custom candle range analysis using price divisions
Details
Author
David-the-trader on GitHub
Type
Collection
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Trend following, Multi-strategy
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
Input parameters
Read from Big_shadow.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
tf | ENUM_TIMEFRAMES | PERIOD_CURRENT | |
pr | ENUM_APPLIED_PRICE | PRICE_CLOSE |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone David-the-trader/MQL5-EAs 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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