The robot identifies price action structures including breakouts, range-based patterns, and Fibonacci extensions. For risk management, it utilizes ATR-based stop losses, trailing stops, and a news filter to pause during high-impact events. It incorporates technical filters such as ADX and moving averages to validate trend direction. While the repository lacks a formal README, the development log confirms optimizations for gold and indices across multiple timeframes.
1Download the sourceUse "Download source (.zip)" above, or clone cfournel/orderBlock 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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