The primary EA provided uses Relative Strength Index (RSI) levels to determine long and short entry conditions, including specific start and end thresholds for signal filtering. Other files in the collection explore Ichimoku Kinko Hyo, moving average crossovers, and fuzzy logic. Risk management is handled through fixed lot sizes and percentage-based stop loss and take profit levels. The repository lacks a README and documentation is minimal.
Read from calculate_indicators_values.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
StopLoss
int
38
StopLoss percentage
TakeProfit
int
1000
TakeProfit percentage
RSIPeriod
int
20
RSI period
RSIStartLong
double
30
RSIEndLong
double
62
RSIStartShort
double
70.2
RSIEndShort
double
34
EA_Magic
int
12345
EA Magic Number
Lot
double
0.1
Lots to Trade
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone ult-processor/MT5_trading-scripts 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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