RvFx Trading Bot manages trades through a cycle-based logic, adding positions at fixed point intervals. The EA includes sophisticated lot sizing options, such as linear steps, multipliers, and a predefined sequence, which results in martingale-style lot scaling. Risk controls include an adaptive drawdown protection system that adjusts limits based on the current layer count and a minimum free margin filter. It features an on-chart dashboard and includes a manual simulator for testing.
Read from rvfx_enhanced.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
StartLot
double
0.01
Starting lot for linear step
EndLot
double
0.06
Maximum lot for linear step
LotStep
double
0.01
Increment per layer in linear step
LotMultiplier
double
1.3
Multiplier after predefined sequence
UseFixedSequence
bool
true
Use predefined lot sequence
TP_Points
double
100.0
TP in points
FixedGapPoints
double
200.0
Distance between layers in points
MaxLayers
int
40
Maximum layers per cycle (safety limit)
AllowCycleCompletion
bool
true
Override MaxLayers for near-completion cycles
EnableAdaptiveDD
bool
true
Enable adaptive drawdown protection
MaxDD_EarlyStage
double
15.0
Max DD % for 0-10 layers
MaxDD_MidStage
double
25.0
Max DD % for 11-20 layers
Show all 21 inputs
Name
Type
Default
Description
MaxDD_NearComplete
double
35.0
Max DD % for 21-29 layers
MaxDD_Completion
double
40.0
Max DD % for 30+ layers
MinFreeMarginPercent
double
30.0
Minimum free margin % to continue
MagicNumber
int
777888
Magic number for position identification
Slippage
int
10
Max deviation in points
CommentPrefix
string
Rv_fx
Comment prefix for orders
EnableAlerts
bool
true
Enable alerts
ShowDashboard
bool
true
Show on-chart dashboard
EnableLogging
bool
true
Enable detailed logging
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone bipin-vishwakarma/rvfx-trading-bot 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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