Trading robot · MT5

MT5 Money Printer

by cody-mckeon

This MetaTrader 5 expert advisor executes a multi-indicator strategy inspired by the No Nonsense Forex methodology.

GitHub stars2
Forks0
Last update2 years ago5 Aug 2024
LicenceNone stated

Overview

MT5 Money Printer combines an SSL indicator for signal confirmation, the Waddah Attar Explosion for volume filtering, and a Geometric Mean Moving Average as a baseline. The robot enters trades based on trend alignment and exits via RVI signals or ATR-based targets. Risk controls include automated lot sizing based on a percentage of equity, ATR-derived stop loss and take profit levels, and a trailing stop mechanism.

Details

Author

cody-mckeon on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Multi-strategy

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.

Input parameters

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

NameTypeDefaultDescription
InpMagicNumberint2000001Unique identifier for this expert advisor
InpTradeCommentstring__FILE__Optional comment for trades
InpAppliedPriceENUM_APPLIED_PRICEPRICE_CLOSEApplied price for indicators
g_stop_orderboolfalse
g_market_orderbooltrue
g_rvi_exitbooltrueUse the exit?
AtrLossMultidouble1.0ATR Loss Multiple
AtrProfitMultidouble2.0ATR Profit Multiple
TslCheckbooltrueUse Trailing Stop Loss?
RiskCompoundingboolfalseUse Compounded Risk Method?
MaxLossPrcdouble0.02Percent Risk Per Trade

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone cody-mckeon/MT5_Money_Printer from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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