RB Xauusd Mt5: Free MT5 Expert Advisor

Overview

RB Xauusd Mt5 uses a systematic approach incorporating a 50/200 EMA bias on the H1 timeframe, structural analysis on M15, and volatility filtering via ATR and ADX on the M1 timeframe. The strategy incorporates complex risk management tools, including maximum daily loss limits, trade frequency caps, and a dynamic risk scaler based on signal quality. It includes session-based trading filters and specific cooldown periods after stop-loss events. The repository is a source-only release without pre-configured settings.

Multi-timeframe analysis using H1 trend bias and M15 structure

Volatility regime detection with ATR and ADX filtering

Dynamic risk scaling based on signal quality and market conditions

Comprehensive protection including daily loss limits and trade caps

Details

Author

RicardoBarato on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Breakout

Markets

Gold

Timeframes

M1-M5, M15-H1, H4 and above

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

src/RB_XAUUSD_MT5.mq5

Topics

algorithmic-tradingbacktestingexpert-advisorgoldmetatrader5mql5open-sourcerisk-managementxauusdmt5

Source

github.com/RicardoBarato/xauusd-mt5-expert-advisor

Input parameters

Read from RB_XAUUSD_MT5.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`InpAllowedSymbol`	`string`	`XAUUSD`
`InpEnableLiveOrders`	`bool`	`false`
`InpEnableTesterOrders`	`bool`	`true`
`InpMagicNumber`	`int`	`26060201`
`InpMode`	`int`	`1`
`session_reset_hour`	`int`	`20`
`cooldown_minutes_after_sl`	`int`	`15`
`SpreadMax_points`	`int`	`35`
`SlippageMax_points`	`int`	`30`
`risk_base_pct`	`double`	`0.007`
`max_daily_loss_R`	`double`	`3.0`
`max_trades_day`	`int`	`6`

Show all 40 inputs

Name	Type	Default	Description
`use_session_filter`	`bool`	`true`
`session1_start_hour`	`int`	`8`
`session1_end_hour`	`int`	`11`
`session2_start_hour`	`int`	`13`
`session2_end_hour`	`int`	`16`
`trade_hour_mask`	`string`		e.g. "8,9,10,13,14"; empty uses session windows
`trade_weekday_mask`	`string`		1=Mon ... 5=Fri; empty allows all broker weekdays
`weekday_risk_multipliers`	`string`		e.g. "1:1.0,2:0.8,3:0.8"
`hour_risk_multipliers`	`string`		e.g. "8:1.0,13:0.8"
`min_quality_for_trade`	`double`	`0.05`
`weak_quality_threshold`	`double`	`0.35`
`weak_quality_adx_bonus`	`double`	`5.0`
`weak_quality_impulse_bonus`	`double`	`0.30`
`weak_quality_close_pos_bonus`	`double`	`0.04`
`avoid_first_minutes_of_hour`	`int`	`2`
`cooldown_seconds_after_order_fail`	`int`	`60`
`allow_buy`	`bool`	`true`
`allow_sell`	`bool`	`true`
`ATR_period`	`int`	`14`	ATR M1
`ADX_period`	`int`	`14`	ADX M1
`ADX_min`	`double`	`25.0`
`MinATR_points`	`int`	`120`
`TF_bias`	`ENUM_TIMEFRAMES`	`PERIOD_H1`
`EMA_bias_fast`	`int`	`50`
`EMA_bias_slow`	`int`	`200`
`TF_structure`	`ENUM_TIMEFRAMES`	`PERIOD_M15`
`structure_lookback`	`int`	`14`
`impulse_mult`	`double`	`2.2`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone RicardoBarato/xauusd-mt5-expert-advisor 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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