Smart Billionaires: Free MT5 Expert Advisor

Overview

The primary EA implements a strategy based on the Relative Strength Index (RSI), Bollinger Bands, and Parabolic SAR indicators. It executes trades using overbought and oversold levels in conjunction with volatility bands. Risk management is handled through user-defined stop loss and take profit settings, as well as an automated trailing stop driven by Parabolic SAR values. The repository also includes specialized modules for hedging and zoned recovery management.

Multi-indicator strategy using RSI and Bollinger Bands

Parabolic SAR based trailing stop mechanism

Adjustable stop loss and take profit levels

Support for hedging and zoned recovery methods

Standard technical indicator examples for MACD and MA

Details

Input parameters

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

Name	Type	Default	Description
`_0_`	`string`	`----------`	RSI parameters
`rsi_ma_period`	`int`	`8`	RSI averaging period
`_1_`	`string`	`----------`	Bollinger Bands parameters
`bands_period`	`int`	`14`	Bollinger Bands period for average line calculation
`bands_deviation`	`double`	`1.0`	Bollinger Bands number of standard deviations
`_2_`	`string`	`----------`	SAR parameters
`step`	`double`	`0.003`	SAR price increment step - acceleration factor
`maximum`	`double`	`0.2`	SAR maximum value of step
`_3_`	`string`	`----------`	trade parameters
`InpLots`	`double`	`0.1`	InpLots
`InpTakeProfit`	`ushort`	`50`	Take Profit (in pips)
`InpStopLoss`	`ushort`	`135`	Stop Loss (in pips)

Show all 17 inputs

Name	Type	Default	Description
`InpIndenting`	`ushort`	`15`	Indenting (in pips)
`InpRSI_Up`	`double`	`70`	RSI Up
`InpRSI_Down`	`double`	`30`	RSI Down
`InpSARTrailingStop`	`ushort`	`10`	SAR Trailing Stop (in pips)
`InpSARTrailingStep`	`ushort`	`5`	SAR Trailing Step (in pips)

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone FIU-SCIS-Senior-Projects/Smart-Billionaires-1.0 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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Smart Billionaires

Overview

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