This repository features a diverse collection of expert advisors and trading utilities for MetaTrader 4 and MetaTrader 5. It includes automated robots based on trendline analysis, session breakouts, and technical indicator crossovers using MACD, RSI, and Williams Percent Range. The library provides various tools for ri
Collection · MT5
Naive RSI EA
This MetaTrader 5 expert advisor collection provides several automated strategies, primarily focusing on the Naive RSI EA.
GitHub stars4
Forks2
Last update3 years ago15 Apr 2023
LicenceNone stated
Overview
This robot enters trades by comparing Relative Strength Index values against two moving averages, buying when the RSI exceeds both and selling when it drops below both. It manages exits through fixed stop loss and take profit levels or when the RSI crosses back over the primary moving average. The repository includes experimental variants utilizing Heiken Ashi candles and price action concepts for trade management.
- Signal generation based on RSI and moving average comparison
- Automated exits via indicator crossovers or fixed targets
- Experimental variants for Heiken Ashi and price action
- Integrated risk controls for stop loss and take profit
Details
Author
ceevaaa on GitHub
Type
Collection
Platform
Strategy
Indicator crossover, Trend following
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
- PoC/EA/Naive RSI EA/src/naive_rsi_ea.mq5
- PoC/EA/Naive RSI on Heiken Ashi/src/heiken_ashi_with_trailing_SL.mq5
- PoC/EA/Naive RSI on Heiken Ashi/src/naive_rsi_on_heiken_ashi.mq5
- PoC/EA/Naive RSI EA/src/firstAttempt.mq5
- build/profitable/PriceActioonImproved.mq5
- build/PriceActioonImproved.mq5
- build/PriceAction.mq5
- build/heiken_ahi_rsi_EA.mq5
Input Parameters
Read from naive_rsi_ea.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lot | double | 0.1 | |
StopLoss | int | 40 | |
TakeProfit | int | 80 | |
RSI_Period | int | 9 | |
MA_Period_1 | int | 9 | |
MA_Period_2 | int | 18 | |
CopyIndexStart | int | 0 | |
EA_Magic | int | 12345 | |
BuyComment | string | Naive-RSI-EA: Buy | |
SellComment | string | Naive-RSI-EA: Sell | |
Slippage | int | 100 | Slippage: Tolerated slippage in points. |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone ceevaaa/AlgoTrading 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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