RiskGuard Pro: Free MT5 Expert Advisor

Overview

RiskGuard Pro features a voting engine that aggregates signals from indicators like RSI, MACD, and Bollinger Bands. The EA supports various lot-sizing methods, including fixed lots and percentage-based risk. It includes grid and martingale strategies with basket-level take profit and stop loss targets. Protective features include ATR-based dynamic stops, trailing stops, and daily drawdown limits. A draggable on-chart dashboard provides real-time statistics and manual trade buttons for enhanced control.

Multi-strategy entry engine with indicator voting logic

Grid and martingale modes with basket exit targets

Dynamic ATR-based stop loss and take profit calculation

Advanced risk management including daily loss limits

Interactive draggable dashboard for on-chart monitoring

Details

Author

farhadiamirali403-lab on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Multi-strategy, Grid, Martingale, Indicator crossover

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend

EA files

RiskGuardPro.mq5

Source

github.com/farhadiamirali403-lab/Expert-RiskGuardPro-

Input parameters

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

Name	Type	Default	Description
`InpMagic`	`long`	`20250919`	Magic number
`InpComment`	`string`	`RiskGuardPro`	Order comment
`InpSlippage`	`int`	`20`	Max slippage (points)
`InpScope`	`ENUM_RGP_SCOPE`	`RGP_SCOPE_EA`	Which positions are managed
`InpLotMode`	`ENUM_RGP_LOT`	`RGP_LOT_RISK_PCT`	Lot calculation mode
`InpFixedLot`	`double`	`0.01`	Fixed lot
`InpRiskPercent`	`double`	`1.0`	Risk per trade (%)
`InpRiskMoney`	`double`	`50.0`	Risk per trade (money)
`InpBalancePercent`	`double`	`2.0`	Balance used as margin (%)
`InpLotPerBlock`	`double`	`0.01`	Lot per block
`InpBlockSize`	`double`	`1000.0`	Block size (account currency)
`InpRiskBase`	`ENUM_RGP_BASE`	`RGP_BASE_BALANCE`	Risk is measured on

Show all 40 inputs

Name	Type	Default	Description
`InpFixedBase`	`double`	`10000.0`	Fixed base amount
`InpMaxLot`	`double`	`10.0`	Maximum lot per trade
`InpMinLotFloor`	`double`	`0.0`	Minimum lot floor (0 = strict risk)
`InpMaxPositions`	`int`	`5`	Max open positions (0 = off)
`InpMaxPerSymbol`	`int`	`2`	Max positions per symbol (0 = off)
`InpMaxTotalLots`	`double`	`50.0`	Max total lots (0 = off)
`InpMaxTotalRiskPct`	`double`	`5.0`	Max combined open risk (%) (0 = off)
`InpMinMarginLevel`	`double`	`200.0`	Minimum margin level (%) (0 = off)
`InpUseAdaptive`	`bool`	`false`	Adjust risk after wins/losses
`InpLossFactor`	`double`	`0.5`	Risk multiplier per loss
`InpWinFactor`	`double`	`1.0`	Risk multiplier per win
`InpAdaptSteps`	`int`	`3`	Max steps applied
`InpMinRiskPct`	`double`	`0.1`	Lower risk bound (%)
`InpMaxRiskPct`	`double`	`3.0`	Upper risk bound (%)
`InpResetOnWin`	`bool`	`true`	Back to base risk after a win
`InpSLMode`	`ENUM_RGP_SL`	`RGP_SL_ATR`	Stop loss mode
`InpSLPoints`	`double`	`300`	Stop loss (points)
`InpSLATRPeriod`	`int`	`14`	ATR period
`InpSLATRMult`	`double`	`2.0`	ATR multiplier for SL
`InpSwingBars`	`int`	`20`	Bars used for the swing stop
`InpSLTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`	Timeframe for ATR / swing
`InpTPMode`	`ENUM_RGP_TP`	`RGP_TP_RR`	Take profit mode
`InpTPPoints`	`double`	`600`	Take profit (points)
`InpTPATRMult`	`double`	`3.0`	ATR multiplier for TP
`InpRewardRatio`	`double`	`2.0`	Reward : risk
`InpMinSLPoints`	`double`	`50`	Minimum stop distance (points)
`InpMaxSLPoints`	`double`	`20000`	Maximum stop distance (points)
`InpForceSL`	`bool`	`true`	Add a stop loss when missing

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone farhadiamirali403-lab/Expert-RiskGuardPro- 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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