MQL5 Trading Bots Collection: Free MT5 Expert Advisor

Overview

The bots utilize indicators such as Bollinger Bands and moving averages to determine trade entries. Each trade is executed with predefined risk controls, including fixed point-based stop loss and take profit levels. The system includes account equity checks to ensure trades only open when the account is in a stable state. As a collection of templates, it serves as a foundation for building custom algorithms, though the documentation is minimal.

Bollinger Bands regression logic

Fixed stop loss and take profit

Equity-based trade execution filter

Automated trade exit on deinitialization

Details

Author

Thembekilemkh on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Indicator crossover

Markets

Any symbol

Timeframes

Any timeframe

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

Source

github.com/Thembekilemkh/MQL5-trading-bots

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Thembekilemkh/MQL5-trading-bots 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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