Trading robot · MT5

Robo MM IFR

by I-Am-Not-Lucas

This MetaTrader 5 expert advisor executes trades based on technical indicators, specifically moving average crossovers and the Relative Strength Index (RSI/IFR).

GitHub stars1
Forks0
Last update2 years ago30 Sep 2023
LicenceMIT

Overview

Robo MM IFR offers three operating modes: entries triggered by moving average crosses, entries based on RSI overbought or oversold levels, or a combined approach requiring both signals. The robot manages trades with fixed lot sizing, stop loss, and take profit levels. It also includes a time-based exit function to close open positions at a specified daily limit, making it suitable for intraday traders wanting to manage session exposure.

Details

Author

I-Am-Not-Lucas on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Indicator crossover, Mean reversion

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.

Input parameters

Read from Robo_MM_IFR_V1.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
s0stringEstratégia de Entrada
estrategiaESTRATEGIA_ENTRADAAPENAS_MMEstratégia de Entrada Trader
s1stringMédias Móveis
mm_rapida_periodoint09Periodo Média Rápida
mm_lenta_periodoint21Periodo Média Lenta
mm_tempo_graficoENUM_TIMEFRAMESPERIOD_CURRENTTempo Gráfico
mm_metodoENUM_MA_METHODMODE_SMAMétodo
mm_precoENUM_APPLIED_PRICEPRICE_CLOSEPreço Aplicado
s2stringIFR
ifr_periodoint5Período IFR
ifr_tempo_graficoENUM_TIMEFRAMESPERIOD_CURRENTTempo Gráfico
ifr_precoENUM_APPLIED_PRICEPRICE_CLOSEPreço Aplicado
Show all 20 inputs
NameTypeDefaultDescription
ifr_sobrecompraint70Nível de Sobrecompra
ifr_sobrevendaint30Nível de Sobrevenda
s3string
num_lotsfloat0.1Número de Lotes
TKdouble60Take Profit
SLdouble30Stop Loss
s4string
hora_limite_fecha_opstring16:30Horário Limite Fechar Posição

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone I-Am-Not-Lucas/Mql5-EA 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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