New Robot: Free MT5 Expert Advisor

Overview

New Robot includes an example implementation of the Dunnigan setup, utilizing candle sequences and price levels for entries. The system manages trades with advanced controls, including three stages of position scaling, three levels of partial profit taking, and multiple break-even triggers. It features integrated time filters for session management and a flexible class-based architecture for custom signals, trailing stops, and risk parameters.

Three-stage position scaling and partial profit taking

Multi-level break-even and trailing stop management

Modular class-based architecture for custom signals

Time-based session filters and automatic position closing

Optimized for the Brazilian Mini Bovespa index

Details

Author

andreolvgomes on GitHub

Type

Framework & template

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, Trend following

Markets

Indices

Timeframes

M15-H1

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

Robot/Dunnigan.mq5

Source

github.com/andreolvgomes/NewRobot

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone andreolvgomes/NewRobot 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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