The robot utilizes a combination of three smoothed moving averages, the Relative Strength Index, and Williams Fractals to execute trend-following entries. Risk controls include fixed lot sizing, a maximum open trade limit, and hard stop loss and take profit levels defined in dollar amounts. It features an integrated trailing stop and a session filter to restrict activity to specific hours. The repository includes multiple iterations of the strategy with varying complexity.
Read from TesoroG.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
LotSize
double
0.01
Fixed lot size
StopLoss
double
0.5
Stop loss in $
TakeProfit
double
1.0
Take profit in $
MaxTrades
int
5
Maximum open trades
SMA_Period1
int
50
SMA Period 1
SMA_Period2
int
100
SMA Period 2
SMA_Period3
int
200
SMA Period 3
RSI_Period
int
14
RSI Period
RSI_Upper
double
70.0
RSI Upper Level
RSI_Lower
double
30.0
RSI Lower Level
StartHour
int
8
Session start hour
EndHour
int
17
Session end hour
Show all 17 inputs
Name
Type
Default
Description
EnableTrailing
bool
true
Enable trailing stop
TrailingStart
double
1.0
Trailing start in $
TrailingStep
double
0.5
Trailing step in $
EnableAlerts
bool
true
Enable alerts
LogToCSV
bool
true
Log trades to CSV
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone Okoth-Kuzan/myTbots 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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