Newton Fx identifies entries using a combination of exponential moving average crossovers, ADX trend strength verification, and Fibonacci retracement levels. The robot manages risk through ATR-based dynamic stop loss and take profit levels, along with daily and weekly drawdown kill switches. Trade management features include partial closures, trailing stops, and break-even adjustments. The absence of a README suggests users should rely on the documented input parameters for configuration.
ATR-based dynamic stop loss and take profit
Daily and weekly drawdown protection kill switches
Fibonacci retracement and EMA trend filters
Partial position closing and trailing stop management
Read from NewtonFx4.0.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
LotSize
double
0.02
Fixed Lot Size
UseRiskPercent
bool
false
Use Risk % Instead of Fixed Lots
RiskPercent
double
0.025
Risk % of Equity Per Trade
MaxTradesPerDay
int
8
Max Trades Per Day
DailyStopPct
double
4.5
Daily Max Drawdown % (kill switch)
WeeklyStopPct
double
9.5
Weekly Max Drawdown % (kill switch)
EMA_FastLen
int
37
EMA Fast Period
EMA_SlowLen
int
167
EMA Slow Period
ADX_Len
int
8
ADX Period
MinADX
double
36.0
ADX Minimum Threshold
MinVolRatio
double
1.27
Relative Volume Minimum
Fibo_Len
int
10
Fibonacci Lookback Bars
Show all 40 inputs
Name
Type
Default
Description
FiboMinRetrace
double
0.236
Fibonacci Min Retracement
FiboMaxRetrace
double
0.786
Fibonacci Max Retracement
FiboPullbackBars
int
3
Fibo Freshness: max bars since touch (0=off)
RequireADXRising
bool
true
Require ADX Rising (ADX[1]>ADX[2])
ATR_Len
int
10
ATR Fast Period
ATR_SlowLen
int
34
ATR Slow Period
VR_Min
double
0.95
Volatility Ratio Min Clamp
VR_Max
double
1.45
Volatility Ratio Max Clamp
K_SL
double
0.45
VR Sensitivity - Stop Loss
K_TP
double
0.45
VR Sensitivity - Take Profit
K_BE
double
0.40
VR Sensitivity - Break Even
K_TR
double
0.25
VR Sensitivity - Trailing
SL_ATR_Mult
double
4.9
Stop Loss (ATR multiplier)
TP_ATR_Mult
double
9.5
Take Profit (ATR multiplier)
BE_ATR_Trigger
double
3.5
Break Even Trigger (ATR multiplier)
Trail_ATR_Mult
double
2.4
Trailing Stop (ATR multiplier)
Trail_Offset_ATR
double
0.8
Trailing Offset (ATR multiplier)
TrailAfterBE_Mult
double
2.3
Trailing After BE (ATR multiplier)
UsePartialClose
bool
true
Enable Partial Close
PartialCloseATR
double
1.5
Partial Close Distance (ATR mult)
PartialClosePct
double
50.0
Partial Close % of Position
UseDynamicTP
bool
true
Enable Dynamic TP
DynTP_MinMult
double
9.95
Dynamic TP Min Floor (ATR mult)
UseSessionLocks
bool
true
Enable Session Filters
AsiaStartHour
int
0
Asia Block Start (server hour)
AsiaEndHour
int
5
Asia Block End (server hour)
UseRolloverLock
bool
true
Block Around Rollover
RolloverHour
int
8
Rollover Hour (server time)
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone Ralarcon88/NewtonFx-4.0 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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