This MetaTrader 5 expert advisor is designed for scalping gold on the M1 timeframe. It features a versatile strategy engine capable of toggling between breakout and mean-reversion modes based on market conditions. The system manages trades using ATR-based trailing stops, break-even adjustments, and time-based exits. Ri
Trading robot · MT5
Setup Da Paula
Setup Da Paula is a MetaTrader 5 expert advisor that automates a technical trading strategy based on Bollinger Bands.
GitHub stars1
Forks3
Last update7 years ago2 Mar 2019
LicenceNone stated
Overview
The robot enters trades when specific price conditions are met relative to the bands, incorporating a volatility filter that checks the minimum band width in points. It manages risk through a fixed stop loss and utilizes a static contract lot sizing model. Designed for intraday trading, the system focuses on price action patterns common in the Brazilian financial markets. The provided documentation is minimal, focusing on core execution logic.
- Bollinger Bands volatility filter
- Fixed point stop loss
- Static contract lot sizing
- New bar execution logic
Details
Author
paulohfera on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Breakout
Markets
Indices, Forex
Timeframes
M15-H1
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 SetupDaPaula.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
stopLoss | double | 150 | Pontos de stop loss |
bollingerBandSize | double | 300 | Tamanho mínimo da banda de bollinger |
contracts | double | 2 | Quantidade de contratos |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone paulohfera/SetupDaPaula 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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