Trading robot · MT5

MT5 SMA Crossover Multi Symbol

by ricTrindade

This MetaTrader 5 expert advisor implements a classic moving average crossover strategy with multi-symbol support.

GitHub stars4
Forks0
Last update3 years ago13 May 2023
LicenceMIT

Overview

MT5 SMA Crossover Multi Symbol enters trades when a fast simple moving average crosses a slow simple moving average. The robot features automated risk management, calculating position sizes based on a percentage of the account balance. It utilizes the Average True Range indicator to set initial stop loss levels and manages open positions through a reward-to-risk ratio for take profit and a trailing stop mechanism. The repository includes both single-symbol and multi-symbol versions.

Details

Author

ricTrindade on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Indicator crossover

Markets

Forex

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 nSecond EA (MA Cross) (Multi Symbol).mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
TradeSymbolsstringAUDCAD|AUDJPY|AUDNZD|AUDUSD|EURUSDSymbol(s) or ALL or CURRENT
STRATEGY_SETTINGSstringSTRATEGY SETTINGS
riskPerTradedouble2.0Risk Per Trade in % of Account Balance
tpRatiodouble1.0Risk to Reward Ratio for Take Profit
tsRatiodouble2.0Risk to Reward Ratio for Trailling Stop
ATR_SETTINGSstringATR SETTINGS
atrPeriodint14ATR Period
atrMultiplierdouble1.5ATR Multiplier
MOVING_AVERAGE_SETTINGSstringMOVING AVERAGE SETTINGS
FastMAperiodint5Fast Moving Period
SlowMAperiodint21Slow Moving Perion

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone ricTrindade/MT5_SMA_TradingBot 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, and any .mqh files into the Include folder the code expects.
  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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