MT5 Algorithmic Trading Research: Free MT5 Expert Advisor

Overview

MT5 Algorithmic Trading Research includes a multi-pair mean reversion grid system, a gold breakout robot using previous day levels, and trend-following strategies based on moving averages. The EAs incorporate extensive risk controls including daily drawdown limits, equity-based circuit breakers, and volatility-adjusted trade spacing. The systems support multiple lot-sizing modes such as fixed volume, dynamic balance-based sizing, and deposit load percentages. The repository serves as a documented framework for exploring automated execution and exposure management.

Advanced drawdown circuit breakers

Multi-pair mean reversion grid logic

Volatility-adjusted smart distance

Daily drawdown protection controls

Previous day breakout execution

Details

Input parameters

Read from MultiPairMeanReversionEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpAllowNewGrid`	`bool`	`true`	Allow Opening a new Grid?
`InpLotMode`	`ENUM_LOT_MODE`	`LOT_MODE_DEPOSIT_LOAD_FIXED`	Lot-sizing Method
`InpFixedLot`	`double`	`0.01`	Fixed Lot
`InpDynamicLot`	`double`	`10000.0`	Dynamic Lot (Balance per 0.01 lot)
`InpDepositLoad`	`double`	`0.15`	Deposit Load % (0.15 = 15%)
`InpFixedDepositBase`	`double`	`0.0`	Fixed Deposit Base (0=use initial balance)
`InpMaxLot`	`double`	`100.0`	Maximum Lot
`InpMaxSpread`	`double`	`10.0`	Maximum Spread, in pips
`InpMaxSlippage`	`double`	`10.0`	Maximum Slippage for non-ECN, in pips
`InpMaxSymbols`	`int`	`2`	Maximum Symbols at a time
`InpMaxOpenLots`	`double`	`0.0`	Max Open Lots (Filter) [0=disabled]
`InpAllowHolidays`	`bool`	`false`	Allow Trading on Holidays? (basic calendar keyword check)

Show all 40 inputs

Name	Type	Default	Description
`InpTradeDirection`	`ENUM_TRADE_DIRECTION`	`TRADE_BOTH`	Allow to Buy/Sell
`InpMinFreeMargin`	`double`	`0.0`	Minimum Free Margin % [0=disabled]
`InpMaxDrawdownPercent`	`double`	`100.0`	Max Floating Drawdown % [100=disabled]
`InpMaxDrawdownMoney`	`double`	`0.0`	Max Floating Drawdown in Money [0=disabled]
`InpDDAction`	`ENUM_DD_ACTION`	`DD_ACTION_CLOSE_STOP`	Max Drawdown Action
`InpDDCalculation`	`ENUM_DD_CALCULATION`	`DD_CALC_THIS_EA`	Max Drawdown Calculation
`InpDailyDDPercent`	`double`	`0.0`	Max Daily Drawdown % [0=disabled]
`InpDailyDDMoney`	`double`	`0.0`	Max Daily Drawdown $ [0=disabled]
`InpDailyDDResetHour`	`int`	`0`	Daily DD reset hour (broker time, 0..23)
`InpDailyDDAction`	`ENUM_DAILY_DD_ACTION`	`DAILY_DD_CLOSE_AND_BLOCK`	Daily DD action
`InpDailyDDCalcAccount`	`bool`	`true`	If true use account equity; else EA-only equity
`InpCB_FreezeDDPercent`	`double`	`0.0`	CircuitBreaker A: Freeze grids at DD% (0=off)
`InpCB_ReduceDDPercent`	`double`	`0.0`	CircuitBreaker B: Reduce exposure at DD% (0=off)
`InpCB_KillDDPercent`	`double`	`0.0`	CircuitBreaker C: Kill-switch at DD% (0=off)
`InpSymbols`	`string`		Symbols (comma separated, empty=default)
`InpHourStart`	`int`	`0`	Hour to Start Trading (broker's time)
`InpHourStop`	`int`	`0`	Hour to Stop Trading (0=24h)
`InpUseClosedBarSignal`	`bool`	`true`	Use last CLOSED bar price for signal checks
`InpRSIEntryMode`	`ENUM_RSI_ENTRY_MODE`	`RSI_MODE_CAP`	RSI entry logic mode
`InpBBPeriod`	`int`	`20`	Bollinger Bands Period
`InpBBDeviation`	`double`	`2.0`	Bollinger Bands Deviation
`InpRSIPeriod`	`int`	`14`	RSI Period
`InpMinRSI`	`int`	`0`	Min RSI (used by CLASSIC mode; 0=unused)
`InpMaxRSI`	`int`	`70`	Max RSI (cap or classic sell threshold)
`InpWorkingTF`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	Working Timeframe
`InpTradeDistance`	`int`	`35`	Trade Distance (base pips)
`InpSmartDistance`	`bool`	`true`	Smart Distance (volatility adjusted)
`InpATRPeriod`	`int`	`14`	ATR Period (for Smart Distance)

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone DamianAcri/mt5-algorithmic-trading-research 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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MT5 Algorithmic Trading Research

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