NziCode MT5 Trading Bots: Free MT5 Expert Advisor

Overview

The repository includes modules for ATR breakouts, Bollinger Band mean reversion, and opening range breakouts. Risk management is handled through a three-stage take profit system, automated breakeven adjustments, and trailing stops based on ATR multiples. Users control exposure via percentage-based lot sizing, daily loss limits, and session filters. It also includes a dedicated monitor utility for managing manual or external trades with a stepped trailing stop.

Three-stage partial take profit system

Automatic breakeven and ATR-based trailing stops

Configurable session and news filtering

Percentage-based risk lot sizing with daily loss limits

Dedicated monitor utility for external trade management

Details

Author

NziCode on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, Mean reversion, Scalping, Indicator crossover

Markets

Forex, Gold, Crypto, Indices

Timeframes

M1-M5, 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

About 11 expert advisors in this repository. See them all on GitHub.

Topics

automated-trading-toolbitcoinexpert-advisorforexgoldmetatrader5mql5nasdaqtrading-bot-monitoring

Source

github.com/NziCode/mt5-trading-bots

Input parameters

Read from Gold_M5_Scalper_v5.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`EMA_Fast`	`int`	`9`
`EMA_Slow`	`int`	`21`
`RSI_Period`	`int`	`14`
`RSI_OverboughtLevel`	`double`	`70.0`	avoid new buys above this
`RSI_OversoldLevel`	`double`	`30.0`	avoid new sells below this
`SwingLookbackBars`	`int`	`10`	how many bars back to find the swing high/low
`SwingBufferPoints`	`double`	`30`	extra buffer beyond the swing point
`RiskPercent`	`double`	`1.0`	% of balance risked per trade (1-2% recommended)
`MinRR`	`double`	`2.0`	minimum reward:risk ratio (TP = SL_distance * MinRR)
`MaxLotSize`	`double`	`1.0`	safety cap regardless of calculated size
`BreakevenAfterRR`	`int`	`1`	move to breakeven once price moves 1x the SL distance in profit
`BreakevenLockPoints`	`int`	`20`

Show all 25 inputs

Name	Type	Default	Description
`UseTrailing`	`bool`	`true`
`TrailingStartRR`	`int`	`1`	start trailing once 1x SL distance in profit
`TrailingATRMultiple`	`double`	`1.5`
`ATR_Period`	`int`	`14`
`UseSessionFilter`	`bool`	`true`
`SessionStartHour`	`int`	`8`	server-time hour session opens
`SessionEndHour`	`int`	`17`	server-time hour session closes
`CooldownSeconds`	`int`	`60`
`MaxConcurrentPositions`	`int`	`2`
`MaxTradesPerDay`	`int`	`20`
`DailyLossLimitUSD`	`double`	`100.0`
`MagicNumber`	`int`	`20260712`
`DebugLogging`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone NziCode/mt5-trading-bots 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.

Similar expert advisors

MT5 Strategies Collection

by vincentwongso

This repository provides a collection of expert advisors for MetaTrader 5, featuring various technical strategies. The primary implementation is the Trading Made Simple system, which utilizes Hull Moving Average crossovers, Heiken Ashi candles, and Stochastic filters to identify entry signals. Other included robots foc

MT5 Collection Indicator crossoverBreakoutScalping

Updated 7 months ago None stated GitHub

Quantum Tius

by Don-Gio

Quantum Tius is a collection of automated trading scripts and Expert Advisors for MetaTrader 5, specifically targeting the Bitcoin and Gold markets. The repository provides multiple tools including the Kaku and Baki bots, which utilize Moving Average crossovers and the Relative Strength Index for scalping. These tools

MT5 Collection ScalpingIndicator crossoverMean reversion

Updated 1 year ago MIT GitHub

Gold Pro Scalper

by n30dyn4m1c

This collection of MetaTrader 5 expert advisors focuses on mean-reversion and breakout strategies for gold (XAUUSD) on the M1 timeframe. The primary logic identifies statistical extremes using Z-Score calculations to trade price snap-backs. It includes a TickRobust variant designed to filter execution noise and a dual-

MT5 Collection Mean reversionBreakoutScalping

Updated 6 weeks ago MIT GitHub

MetaTrader 5 Indicator Strategy Collection

by tHeStRyNg

This repository contains a collection of MetaTrader 5 expert advisors based on popular technical indicators. The primary EA uses the Relative Strength Index to identify overbought and oversold conditions for trade entry. It manages risk through fixed stop loss and take profit settings, alongside a maximum position limi

MT5 Collection Mean reversionIndicator crossoverScalping

Updated 3 years ago None stated GitHub

Galileo Projects Collection

by galileoChr

This repository is a collection of MetaTrader 5 expert advisors developed as early coding projects between 2021 and 2024. It includes multiple robots implementing varied strategies such as range breakouts, Donchian channels, Fibonacci retracements, and Bollinger Bands. The expert advisors are largely technical indicato

MT5 Collection Trend followingBreakoutMean reversion High risk

Updated 1 year ago None stated GitHub

Myk Francis MT5 EA Collection

by myk-francis

This repository provides a collection of MetaTrader 5 expert advisors developed for learning algorithmic trading. The primary featured tool, TimeRangeEA, identifies price high and low points within a specific time window to execute breakout trades. It incorporates risk management through stop loss and take profit level

MT5 Collection BreakoutIndicator crossoverMean reversion

Updated 2 years ago None stated GitHub