Framework & template · MT5

Orchard Simple EA Template

by OrchardForexTutorials

This collection provides educational templates for building MetaTrader 5 Expert Advisors.

GitHub stars13
Forks5
Last update3 years ago10 Jul 2023
LicenceGPL-3.0

Overview

Orchard Simple EA Template includes demonstration robots that interface with indicators like MACD and Parabolic SAR using the iCustom function. The repository serves as a learning resource for structuring MQL5 code and handling trade execution. Each example includes essential risk controls such as fixed stop loss, take profit, and manual lot sizing. While functional as basic trading robots, the scripts are primarily designed to illustrate how to program entry signals and manage positions within the MT5 framework.

Details

Author

OrchardForexTutorials on GitHub

Type

Framework & template

Platform

MetaTrader 5 (MQL5)

Strategy

Indicator crossover, Trend following

Markets

Any symbol

Timeframes

Any timeframe

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.

Input parameters

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

NameTypeDefaultDescription
InpFastEmaPeriodint12Fast EMA Period
InpSlowEmaPeriodint26Slow EMA Period
InpSignalSmaPeriodint9Signal SMA Period
InpAppliedPriceENUM_APPLIED_PRICEPRICE_CLOSEApplied Price
InpTakeProfitPtsint100Take profit points
InpStopLossPtsint100Stop loss points
InpOrderSizedouble0.01Order size
InpTradeCommentstring__FILE__Trade comment
InpMagicNumberint2000001Magic number

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone OrchardForexTutorials/mt5_simple_ea_template from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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