EA31337 is a comprehensive multi-strategy trading robot and framework for MetaTrader platforms. It features dozens of pre-built strategies utilizing technical indicators like ATR, Moving Averages, and SuperTrend. The system manages entries and exits through a unique filtering system that monitors account metrics, volat
Trading robot · MT5
No Forex Nonsense EA
This expert advisor for MetaTrader 5 implements the No Nonsense Forex trend-following methodology.
GitHub stars2
Forks0
Last update2 years ago11 Mar 2024
LicenceMIT
Overview
No Forex Nonsense EA utilizes a modular approach where users can select and configure specific components including a baseline, primary and secondary confirmation indicators, a volume filter, and a dedicated exit indicator. The EA manages risk through ATR-based position sizing and trailing stops set at multiples of the Average True Range. It supports tactics such as scaling out of positions, continuation trades, and specific entry rules. The system is designed primarily for daily timeframes across major currency pairs.
- Modular indicator selection system
- ATR-based trailing stop loss
- Volatility and volume filtering
- Automated position scaling logic
Details
Author
mojtaba-brz on GitHub
Type
Trading robot
Platform
Strategy
Markets
Forex
Timeframes
H4 and above
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
Input Parameters
Read from NoForexNonsense-MQL5-EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
robot_magic_number | static long | 1454536879 | |
ea_timeframe | static ENUM_TIMEFRAMES | PERIOD_D1 | |
base_line_indicator_idx | BaselineIndicatorIndex | NO_BASELINE_INDICATOR | Baseline |
baseline_config_param | int | 14 | Baseline Param |
first_confirmation_indicator_idx | ConfirmationIndicatorIndex | CI_SMA | 1st Confirmation |
first_confirmation_config_param | int | 14 | 1st Confirmation Param |
second_confirmation_indicator_idx | ConfirmationIndicatorIndex | NO_CONFIRMATION_INDICATOR | 2nd Confirmation |
second_confirmation_config_param | int | 14 | 2nd Confirmation Param |
volume_indicator_idx | VolumeIndicatorIndex | NO_VOLUME_INDICATOR | Volume Indicator |
volume_config_param | int | 14 | Volume Indicator Param |
exit_indicator_idx | ExitIndicatorIndex | NO_EXIT_INDICATOR | Exit Indicator |
exit_config_param | int | 14 | Exit Indicator Param |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
atr_period | ENUM_TIMEFRAMES | PERIOD_D1 | ATR Period |
atr_scope | int | 14 | ATR Length |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone mojtaba-brz/NoForexNonsense-MQL-EA 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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