Simple Crazy Lot Pack: Free MT5 Expert Advisor

Overview

The core logic monitors the gap between the current price and a simple moving average while tracking candle direction for entry signals. The collection includes variations for reversed logic and lot scaling. Risk controls feature hard stop loss and take profit levels, along with a maximum lot size constraint. The provided code is intended for educational purposes and demonstrates basic algorithmic execution on the MT5 platform.

Moving average distance-based entry triggers

Configurable lot size scaling with maximum limits

Automated take profit and stop loss management

Candle direction price action filters

Details

Author

Smilejarik on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Martingale

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

Source

github.com/Smilejarik/MetaQuotes-Language-4-Trading-Scripts

Input parameters

Read from 01_Simple_CrazyLot.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`TP_level`	`int`	`50`	Take Profit (in pips)
`SL_level`	`int`	`600`	Stop Loss Level (in pips)
`start_lot`	`double`	`0.01`	Start lot
`MAX_lot`	`double`	`0.16`	max possible lot
`MA_period`	`int`	`8`
`MA_dif`	`int`	`30`	defference (minimum gap) between MA and open/close price

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Smilejarik/MetaQuotes-Language-4-Trading-Scripts 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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