Trading Bots Collection: Free MT5 Expert Advisor

Overview

The primary EA utilizes a combination of the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to identify overbought and oversold market conditions. It enters market trades when RSI exceeds levels of 70 or 30 while confirming momentum direction with MACD. The system includes logic for closing existing positions when an opposing signal is detected. Risk is managed through hardcoded stop loss and take profit variables, though the README documentation is minimal.

Dual indicator signal filtering

RSI overbought and oversold levels

MACD momentum confirmation

Automatic position reversal logic

Details

Author

FabianDK on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Indicator crossover

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

Source

github.com/FabianDK/TradingBots

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone FabianDK/TradingBots 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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