Systematic Trading Lab MT5: Free MT5 Expert Advisor

Overview

The primary expert advisor utilizes Fair Value Gaps to identify entries, incorporating multi-timeframe analysis. It manages risk through percentage-based lot sizing, daily loss limits, and automated stop losses with ATR-based adaptive buffers. Trade management features include breakeven triggers and partial take-profits based on reward-to-risk ratios. Other included files explore RSI strategies and volume-based logic. The repository is under active development and lacks a formal README.

Fair Value Gap identification logic

ATR-based adaptive stop loss buffers

Automated breakeven and partial take-profit

Daily drawdown protection and risk filtering

Details

Author

Xtley001 on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

SMC / ICT / price action, Multi-strategy

Markets

Forex

Timeframes

M15-H1, H4 and above

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

About 26 expert advisors in this repository. See them all on GitHub.

Source

github.com/Xtley001/mt5-systematic-trading-lab

Input Parameters

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

Name	Type	Default
`EAName`	`string`	`Hmbqt FVG EA`
`MagicNumber`	`int`	`20241118`
`TradeCommentPrefix`	`string`	`Hmbqt FVG`
`SymbolsToTrade`	`string`	`EURUSD`
`TradingDays`	`string`	`Mon,Tue,Wed,Thu,Fri`
`StartHour`	`int`	`8`
`EndHour`	`int`	`17`
`UTCOffset`	`int`	`0`
`RiskPercentage`	`double`	`1.0`
`MaxDailyLossPercent`	`double`	`10.0`
`RRTarget`	`double`	`3.0`
`EnableBreakeven`	`bool`	`true`

Show all 26 inputs

Name	Type	Default
`BreakevenTriggerRR`	`double`	`1.2`
`EnablePartialTP`	`bool`	`true`
`PartialTPRR`	`double`	`1.5`
`PartialTPPercent`	`double`	`50.0`
`SLBufferPips`	`double`	`2.0`
`MinSLDistancePips`	`double`	`10.0`
`MaxSLDistancePips`	`double`	`80.0`
`UseAdaptiveSLBuffer`	`bool`	`true`
`ATRPeriod`	`int`	`14`
`EnableSpreadFilter`	`bool`	`true`
`MaxSpreadMultiplier`	`double`	`2.5`
`SpreadCalcBars`	`int`	`50`
`EnableDetailedLogging`	`bool`	`true`
`LogTradesToFile`	`bool`	`true`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone Xtley001/mt5-systematic-trading-lab 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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