This MetaTrader 5 expert advisor executes trades based on technical indicators, specifically moving average crossovers and the Relative Strength Index (RSI/IFR).
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.
Read from Robo_MM_IFR_V1.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
s0
string
—
Estratégia de Entrada
estrategia
ESTRATEGIA_ENTRADA
APENAS_MM
Estratégia de Entrada Trader
s1
string
—
Médias Móveis
mm_rapida_periodo
int
09
Periodo Média Rápida
mm_lenta_periodo
int
21
Periodo Média Lenta
mm_tempo_grafico
ENUM_TIMEFRAMES
PERIOD_CURRENT
Tempo Gráfico
mm_metodo
ENUM_MA_METHOD
MODE_SMA
Método
mm_preco
ENUM_APPLIED_PRICE
PRICE_CLOSE
Preço Aplicado
s2
string
—
IFR
ifr_periodo
int
5
Período IFR
ifr_tempo_grafico
ENUM_TIMEFRAMES
PERIOD_CURRENT
Tempo Gráfico
ifr_preco
ENUM_APPLIED_PRICE
PRICE_CLOSE
Preço Aplicado
Show all 20 inputs
Name
Type
Default
Description
ifr_sobrecompra
int
70
Nível de Sobrecompra
ifr_sobrevenda
int
30
Nível de Sobrevenda
s3
string
—
num_lots
float
0.1
Número de Lotes
TK
double
60
Take Profit
SL
double
30
Stop Loss
s4
string
—
hora_limite_fecha_op
string
16:30
Horário Limite Fechar Posição
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone I-Am-Not-Lucas/Mql5-EA 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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