This MetaTrader 5 expert advisor is designed for gold trading using an adaptive, modular architecture. It features a regime detector that switches between trend-following, mean reversion, and breakout strategies based on market conditions. The system utilizes exponential moving averages, ADX for trend strength, and RSI
Trading robot · MT5
Nolo Trading Bot
This expert advisor for MetaTrader 5 is a multi-strategy system that utilizes market regime detection to switch between trend following, range trading, and breakout modes.
High risk
GitHub stars4
Forks0
Last update7 months ago20 Mar 2026
LicenceMIT
Overview
Nolo Trading Bot incorporates a wide array of technical indicators, including Moving Averages, RSI, MACD, Ichimoku, and SuperTrend. The bot manages risk through various models such as the Kelly Criterion and anti-martingale sizing. It includes built-in protection features like maximum daily drawdown limits, spread filters, and volatility filters. Trade exits are managed using an adaptive trailing stop, break-even functionality, and ATR-based stop losses.
- Market regime detection for trend, range, and breakout modes
- Adaptive Kelly and anti-martingale risk management models
- Multi-timeframe signal confirmation using M5 and H1
- Volatility and market structure filters for trade entry
- Integrated Ichimoku Cloud and SuperTrend indicators
Details
Author
festomanolo on GitHub
Type
Trading robot
Platform
Strategy
Trend following, Mean reversion, Breakout, Multi-strategy, Martingale
Markets
Forex
Timeframes
M1-M5, M15-H1
Risk Profile
- Uses martingale lot scaling: losses can grow fast
EA Files
Input Parameters
Read from trice.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MarketRegimeMode | REGIME_TYPE | ADAPTIVE | Market Regime Detection Method |
RiskModelType | RISK_MODEL | ADAPTIVE_KELLY | Risk Management Method |
UseVolatilityFilter | bool | true | Filter trades during extreme volatility |
UsePriceMomentum | bool | true | Use price momentum for confirmation |
UseMarketStructure | bool | true | Use market structure (S/R levels) |
UseAlternateTimeframes | bool | true | Use multi-timeframe confirmation |
UseSmartTrailingStop | bool | true | Enable adaptive trailing stop |
MainTimeframe | ENUM_TIMEFRAMES | PERIOD_M5 | Main trading timeframe |
HigherTimeframe | ENUM_TIMEFRAMES | PERIOD_H1 | Higher confirmation timeframe |
FastMAPeriod | int | 8 | Fast MA period (optimized) |
SlowMAPeriod | int | 21 | Slow MA period |
FastMAMethod | ENUM_MA_METHOD | MODE_EMA | Fast MA method |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
SlowMAMethod | ENUM_MA_METHOD | MODE_EMA | Slow MA method |
RSIPeriod | int | 14 | RSI period |
RSI_UpperLevel | int | 70 | RSI upper threshold |
RSI_LowerLevel | int | 30 | RSI lower threshold |
StochasticKPeriod | int | 5 | Stochastic %K period |
StochasticDPeriod | int | 3 | Stochastic %D period |
StochasticSlowing | int | 3 | Stochastic slowing |
MACD_FastEMA | int | 12 | MACD Fast EMA |
MACD_SlowEMA | int | 26 | MACD Slow EMA |
MACD_SignalSMA | int | 9 | MACD Signal SMA |
BollingerPeriod | int | 20 | Bollinger Bands period |
BollingerDeviation | double | 2.0 | Bollinger Bands deviation |
ATRPeriod | int | 14 | ATR period for volatility |
SuperTrendMultiplier | double | 2.5 | SuperTrend multiplier (optimized) |
TenkanSen | int | 9 | Ichimoku Tenkan-sen period |
KijunSen | int | 26 | Ichimoku Kijun-sen period |
SenkouSpanB | int | 52 | Ichimoku Senkou Span B period |
MaxRisk | double | 1.0 | Maximum risk per trade (%) |
AdaptiveRiskMultiplier | double | 1.5 | Risk multiplier for strong signals |
ATRMultiplier | int | 2 | ATR multiplier for stop loss |
Slippage | double | 3.0 | Maximum slippage allowed |
MaxDrawdown | int | 5 | Max daily drawdown % |
KellyFactor | double | 0.4 | Kelly factor (conservative) |
MaxDailyTrades | int | 5 | Maximum trades per day |
MinBarsSinceLastTrade | int | 3 | Minimum bars between trades |
MaxSpread | int | 20 | Maximum allowed spread in points |
RiskRewardRatio | double | 2.0 | Risk-to-reward ratio |
UseBreakEven | bool | true | Use break-even stop |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone festomanolo/Nolo-Trading-Bot 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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