EA31337 Libre is an open-source, multi-strategy trading robot for MetaTrader 4 and MetaTrader 5. It functions as a simplified implementation of the EA31337 framework, providing a collection of over 35 built-in strategies based on technical indicators. The expert advisor performs independent market analysis across vario
Trading robot · MT5
Simple RSI Trading Bot
This expert advisor for MetaTrader 5 implements a mean-reversion strategy based on the Relative Strength Index (RSI).
GitHub stars1
Forks0
Last update1 year ago29 Jan 2025
LicenceMIT
Overview
Simple RSI Trading Bot opens buy positions when the RSI falls below the 30 level and sell positions when it rises above 70. The robot manages trades using fixed stop loss and take profit levels defined in points. It includes a basic time filter to avoid trading at the market open and limits activity to one open position at a time. The code is designed as a demonstration tool for technical presentations.
- RSI-based entry logic
- Fixed stop loss and take profit
- Intraday time filter
- Single position management
Details
Author
ThiagoMunich on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
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.
EA files
Input parameters
Read from Base2.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
tamanhoDoLote | int | 1 | Número de contratos |
pontoStop | double | 150.0 | Pontos para stop loss (a partir do preço de entrada) |
pontosTake | double | 150.00 | Pontos para take profit (a partir do preço de entrada) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone ThiagoMunich/Simple-RSI-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.
- 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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