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EA31337 Libre is an open-source, multi-strategy trading robot for MetaTrader 4 and MetaTrader 5. It functions as a simplified implementation of the EA31337 framework, providing a collection of over 35 built-in strategies based on technical indicators. The expert advisor performs independent market analysis across vario
Trading robot · MT5
RBT MQ5
This expert advisor for MetaTrader 5 identifies entry points using a combination of the Relative Strength Index and a Moving Average.
GitHub stars1
Forks0
Last update2 years ago31 Oct 2023
LicenceMIT
Overview
The strategy monitors an upper RSI level and a specific Moving Average period across user-defined timeframes to determine trend or reversal signals. For risk management, the robot utilizes fixed stop loss and take profit orders measured in points. It also includes an optional feature to exit positions immediately upon receiving an opposite technical signal. The repository lacks detailed documentation, providing only the source code and standard input parameters.
- RSI and Moving Average indicator integration
- Configurable Moving Average timeframe
- Fixed point-based stop loss and take profit
- Optional trade closure on opposite signals
Details
Author
AlanCoelhoGomes on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Indicator crossover
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 robo.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpRSIPeriod | int | 21 | RSI Period |
InpRSILevel | int | 70 | RSI Level (upper) |
InpMAPeriod | int | 21 | MA period |
InpMATimeframe | ENUM_TIMEFRAMES | PERIOD_H1 | MA timmerframe |
InpStopLoss | int | 200 | Stop Loss in points (o=off) |
InpTakeProfit | int | 100 | Take Profit in points (0=off) |
InpCloseSignal | bool | false | Close Trades by opposite signal |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone AlanCoelhoGomes/RBT.mq5 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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