MT5 Expert Advisor Template: Free MT5 Expert Advisor

Overview

MT5 Expert Advisor Template streamlines the creation process by providing pre-built modules for position sizing, risk management, and trade execution. The system includes parameters for ATR-based stop-loss and take-profit calculations, fixed or percentage-based lot sizing, and trading hour filters. It also supports partial closing of positions and spread monitoring. Since it is a template, the core logic for market entry and exit must be defined by the developer.

ATR-based stop loss and take profit

Percentage-based position sizing

Trading hour restrictions

Partial close functionality

Spread and slippage protection

Details

Author

EarnForex on GitHub

Type

Framework & template

Platform

MetaTrader 5 (MQL5)

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

Experts/MT5-EA-Template.mq5

Topics

expertexpert-advisorforexmetatradermetatrader5mql5mt5position-sizingrobottemplate

Source

github.com/EarnForex/MT5-Expert-Advisor-Template

Input parameters

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

Name	Type	Default	Description
`Comment_0`	`string`	`==========`	EA-Specific Parameters
`Comment_1`	`string`	`==========`	Trading Hours Settings
`UseTradingHours`	`bool`	`false`	Limit trading hours
`TradingHourStart`	`ENUM_HOUR`	`h07`	Trading start hour (Broker server hour)
`TradingHourEnd`	`ENUM_HOUR`	`h19`	Trading end hour (Broker server hour)
`Comment_2`	`string`	`==========`	ATR Settings
`ATRPeriod`	`int`	`100`	ATR period
`ATRTimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`	ATR timeframe
`ATRMultiplierSL`	`double`	`2`	ATR multiplier for stop-loss
`ATRMultiplierTP`	`double`	`3`	ATR multiplier for take-profit
`Comment_a`	`string`	`==========`	Risk Management Settings
`RiskDefaultSize`	`ENUM_RISK_DEFAULT_SIZE`	`RISK_DEFAULT_FIXED`	Position size mode

Show all 36 inputs

Name	Type	Default	Description
`DefaultLotSize`	`double`	`0.01`	Position size (if fixed or if no stop loss defined)
`RiskBase`	`ENUM_RISK_BASE`	`RISK_BASE_BALANCE`	Risk base
`MaxRiskPerTrade`	`int`	`2`	Percentage to risk each trade
`MinLotSize`	`double`	`0.01`	Minimum position size allowed
`MaxLotSize`	`double`	`100`	Maximum position size allowed
`MaxPositions`	`int`	`1`	Maximum number of positions for this EA
`Comment_b`	`string`	`==========`	Stop-Loss and Take-Profit Settings
`StopLossMode`	`ENUM_MODE_SL`	`SL_FIXED`	Stop-loss mode
`DefaultStopLoss`	`int`	`0`	Default stop-loss in points (0 = no stop-loss)
`MinStopLoss`	`int`	`0`	Minimum allowed stop-loss in points
`MaxStopLoss`	`int`	`5000`	Maximum allowed stop-loss in points
`TakeProfitMode`	`ENUM_MODE_TP`	`TP_FIXED`	Take-profit mode
`DefaultTakeProfit`	`int`	`0`	Default take-profit in points (0 = no take-profit)
`MinTakeProfit`	`int`	`0`	Minimum allowed take-profit in points
`MaxTakeProfit`	`int`	`5000`	Maximum allowed take-profit in points
`Comment_c`	`string`	`==========`	Partial Close Settings
`UsePartialClose`	`bool`	`false`	Use partial close
`PartialClosePerc`	`double`	`50`	Partial close percentage
`ATRMultiplierPC`	`double`	`1`	ATR multiplier for partial close
`Comment_d`	`string`	`==========`	Additional Settings
`MagicNumber`	`int`	`0`	Magic number
`OrderNote`	`string`		Comment for orders
`Slippage`	`int`	`5`	Slippage in points
`MaxSpread`	`int`	`50`	Maximum allowed spread to trade, in points

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone EarnForex/MT5-Expert-Advisor-Template 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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