The robot enters buy positions when the price is above both the Parabolic SAR and the Moving Average, while sell positions are initiated when the price falls below both indicators. It features dynamic risk management, calculating stop loss levels using the Average True Range (ATR) and determining take profit targets based on a risk multiplier. Although the README is minimal, the source code reveals integrated trailing stop logic and configurable risk parameters.
Read from SYSTEM01.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
Risk
double
1
TP
double
1
Parabolic_Sar
double
0.02
MA
int
200
ATR
int
14
TralingStop
bool
false
MONEY
int
1000
MA_Method
ENUM_MA_METHOD
MODE_SMA
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone addictekk666/MQL5 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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