This framework provides MQL5 header files and example expert advisors designed to trade on non-time-based Range Bar charts within MetaTrader 5. It includes template robots for moving average crossovers and Super Trend strategies. The included code manages trade execution with configurable stop loss, take profit, break-
Framework & template · MT5
Pro Forex MQL5 Template
This MetaTrader 5 expert advisor provides a foundation for automated trading using a multi-timeframe framework.
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Last update4 years ago14 Feb 2022
LicenceNone stated
Overview
Pro Forex MQL5 Template utilizes the Average True Range (ATR) indicator to determine dynamic stop loss levels and calculates take profit targets based on a predefined risk-to-reward ratio. The system includes built-in risk controls such as automatic lot sizing based on account balance, a maximum spread threshold, and a daily trade counter. While the repository lacks documentation, the code handles price data across different periods and includes basic trend indicator libraries.
- ATR-based dynamic stop loss calculation
- Multi-timeframe price data integration
- Automatic lot sizing based on account risk
- Daily trade frequency limit and spread filter
Details
Author
mxjoly on GitHub
Type
Framework & template
Platform
MetaTrader 5 (MQL5)
Strategy
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.
EA files
Input parameters
Read from Template.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
risk_balance | double | 2 | The risk for each trade |
max_spread_allowed | double | 2 | Maximum spread in pips above which the robot does not trade. |
number_trades_per_day | int | 1 | Number of trades per day |
magic_number | long | 55555 | Magic number |
use_auto_lots | bool | true | Calculate position size automatically |
stop_loss_atr | int | 3 | The stop loss atr ratio |
risk_reward | int | 2 | The risk reward ratio |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone mxjoly/expert-advisor-template 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.
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