Percent Rank Expert Advisor: Free MT5 Expert Advisor

Overview

Percent Rank Expert Advisor incorporates the Average Directional Index as a trend filter to ensure entries occur during specific market conditions. Risk management is handled through automated lot sizing based on a risk percentage and a maximum monetary loss limit. The system uses the Average True Range with a multiplier to set dynamic stop loss and take profit levels. It focuses on single-trade management by preventing concurrent overlapping buy orders.

Percentile rank price analysis

ADX trend strength filtering

ATR-based volatility stop loss

Risk-based lot size calculation

Maximum monetary loss threshold

Details

Author

joserubiofernandez on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Mean reversion

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.

EA files

EAPercentRank.mq5

Source

github.com/joserubiofernandez/MQL5ExpertAdvisor_PercentRank

Input parameters

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

Name	Type	Default	Description
`historicoCopyRates`	`int`	`21`	Price history
`periodADX`	`int`	`14`	Adx Period
`periodAtr`	`int`	`14`	Atr Period
`timeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`	TimeFrame for indicators
`adxLimite`	`int`	`20`	Adx Limit
`risk_`	`double`	`0.01`	Risk per Trade
`maxLoss_`	`double`	`500`	Maximum loss calculated in euros
`mult`	`double`	`2`	Atr multiplier
`shift`	`int`	`1`	Candle calculate SL & TP
`percentil`	`double`	`75.0`	Percentil Rank
`coment`	`string`	`Percent Rank EA Buy`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone joserubiofernandez/MQL5ExpertAdvisor_PercentRank 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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