Trading robot · MT5

Random Market EA

by wiktorkisielewski

This MetaTrader 5 expert advisor is designed for XAUUSD (Gold) trading, utilizing a purely random entry strategy.

GitHub stars1
Forks0
Last update7 years ago5 Sep 2019
LicenceNone stated

Overview

Random Market EA opens one position at a time in a random direction, determined by a randomization function. The robot manages trades using a fixed stop loss and a trailing stop mechanism to limit potential losses while keeping profit potential uncapped. It does not use a fixed take profit level. The strategy is intended for scientific purposes and research into market randomness rather than standard technical analysis.

Details

Author

wiktorkisielewski on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Markets

Gold

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 TF5_ADV.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
StopLossint350
lotdouble0.1

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone wiktorkisielewski/Random_market 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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