Collection · MT5

Pato Novo MQL5 Collection

by Zanguient

This repository contains a collection of MetaTrader 5 expert advisors, primarily featuring the Pato Novo robot.

GitHub stars2
Forks0
Last update7 years ago26 Mar 2019
LicenceNone stated

Overview

Pato Novo utilizes moving average signals for trade entries and manages risk with fixed lot sizing, stop loss, and take profit parameters. It includes logic to limit the number of consecutive winning or losing trades to protect account equity. The collection also features specialized tools like a market pressure meter and a robot for the Brazilian Mini Dollar market. Since the repository lacks a README, configuration relies on interpreting the provided input parameters and source code.

Details

Author

Zanguient on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Indicator crossover, Trend following

Markets

Forex, Indices

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 PatoNovo.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
Signal_MA_PeriodMAint66Period of averaging
Signal_MA_Shiftint0Time shift
Signal_MA_MethodENUM_MA_METHODMODE_EMAMethod of averaging
Signal_MA_AppliedENUM_APPLIED_PRICEPRICE_CLOSEPrices series
Signal_MA_Weightdouble1.0Weight [0...1.0]
Money_FixLot_Percentdouble10.0Percent
Money_FixLot_Lotsdouble1.0Fixed volume
StopLossInidouble2.5Stop Loss Maximum
TakeProfitInidouble5.0Take Profit Maximum
CandlesStartint12Number candles for Start operations
Rangestartdouble1.0Margin for Start operations
SoundGunbooltruesound of shot
Show all 17 inputs
NameTypeDefaultDescription
NegotiatebooltrueAllow Perform Trading
ValidateLossbooltrueAllow Validate Limit Loss
NumberLossint3Max operatinos with Loss
NumberGainint3Max operatinos with Gain
OrderBookbooltrueIf true = Place book Order; false = Order with Market

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone Zanguient/MQL5 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, and any .mqh files into the Include folder the code expects.
  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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