The expert advisors utilize technical analysis tools like MACD, Moving Averages, and Parabolic SAR to automate market entries. Risk management is handled through user-defined fixed lot sizes, take profit orders, and integrated trailing stops to protect positions as prices move favorably. The repository serves as a learning resource or template library, as the README contains limited documentation regarding specific market conditions or optimized settings for the various scripts included.
Read from MACD Sample.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpLots
double
0.1
Lots
InpTakeProfit
int
50
Take Profit (in pips)
InpTrailingStop
int
30
Trailing Stop Level (in pips)
InpMACDOpenLevel
int
3
MACD open level (in pips)
InpMACDCloseLevel
int
2
MACD close level (in pips)
InpMATrendPeriod
int
26
MA trend period
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone pasindubawantha/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, 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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