TyphooN NNFX Risk Management System: Free MT5 Expert Advisor

Overview

The TyAlgo advisor executes trades using the No Nonsense Forex method, aggregating signals from various technical indicators via global variables. Risk is managed through the TyphooN tool, which provides institutional-grade Value at Risk calculations, equity-based stop losses, and margin protection. The software includes optional martingale and pyramiding modules for advanced position management. Users can also configure Discord webhooks for real-time trade broadcasting and monitoring across multiple chart timeframes.

Institutional-grade Value at Risk sizing

NNFX confluence trading automation

Multi-timeframe indicator integration

Advanced margin and equity protection

Discord API trade broadcasting

Details

Author

TyphooN- on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Multi-strategy, Martingale, Hedging

Markets

Forex

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Holds opposite positions at once

EA files

Source

github.com/TyphooN-/MQL5-NNFX-Risk_Management_System

Input parameters

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

Name	Type	Default
`MagicNumber`	`int`	`13`
`HorizontalLineThickness`	`int`	`3`
`ManageAllPositions`	`bool`	`false`
`FontSize`	`int`	`8`
`MarginBufferPercent`	`int`	`1`
`AdditionalRiskRatio`	`double`	`0.25`
`OrderMode`	`OrderModeEnum`	`VaR`
`VaRRiskMode`	`VaRModeEnum`	`PercentVaR`
`RiskVaRPercent`	`double`	`0.9`
`RiskVaRNotional`	`double`	`9001`
`VaRTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_D1`
`StdDevPeriods`	`int`	`21`

Show all 37 inputs

Name	Type	Default	Description
`VaRConfidence`	`double`	`0.95`
`FixedLots`	`double`	`20`
`FixedOrdersToPlace`	`int`	`2`
`MaxRisk`	`double`	`1.0`
`Risk`	`double`	`0.5`
`MinAccountBalance`	`double`	`96100`
`LossesToMinBalance`	`int`	`10`
`EnableUpdateEmptySLTP`	`bool`	`false`
`EnableEquityTP`	`bool`	`false`
`TargetEquityTP`	`double`	`110200`
`EnableEquitySL`	`bool`	`false`
`TargetEquitySL`	`double`	`98000`
`AccountMarginTrimPct`	`double`	`50`	Auto-trim managed positions when account margin level drops below this % (0=off)
`EnableMartingale`	`bool`	`false`	Enable Martingale (master switch)
`MartingaleEquityTP`	`double`	`0`	$ profit target (0 = disabled)
`MartingaleUnwindMarginPct`	`double`	`59`	TRIM — % margin level to start (0=off)
`MartingaleSpreadTolerance`	`double`	`2.0`	Open MG — $ per lot safety rule
`MartingaleDangerMarginPct`	`double`	`54`	PROTECT — % margin level to start (0=off)
`PreCloseMinutes`	`int`	`5`	Pre-close TRIM — minutes before close to force TRIM to threshold (0=off)
`MartingaleMarginFloor`	`double`	`10`	PROTECT — hard floor %, stop below this (broker handles it)
`EnablePyramid`	`bool`	`false`	Enable Pyramid (master switch)
`PyramidLots`	`double`	`0.01`	Lots per pyramid layer
`PyramidMaxLayers`	`int`	`0`	Max layers (0 = unlimited)
`DiscordAPIKey`	`string`	`https://discord.com/api/webhooks/your_webhook_id/your_webhoo`
`EnableBroadcast`	`bool`	`false`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone TyphooN-/MQL5-NNFX-Risk_Management_System 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.

Similar expert advisors

Montero Trading Bots Collection

by Sitodine99

This collection for MetaTrader 5 provides several automated Expert Advisors designed for various symbols including forex, gold, and indices. The repository features Mecha Godzilla, a grid trading system using ATR-based spacing and bidirectional orders, alongside specialized bots for Asian session breakouts and H4 trend

MT5 Collection GridBreakoutTrend following High risk

Updated 3 days ago None stated GitHub

MQ4 Master Collection

by hairibaba

This repository provides a collection of MetaTrader 4 expert advisors and utility tools. It includes diverse trading strategies ranging from M1 scalping and Heiken Ashi trend following to swing-based approaches. The codebase features a robust trade management framework with classes for order execution, error handling,

MT4 Collection Trend followingScalpingIndicator crossover High risk Archived

Updated 7 years ago None stated GitHub

Frontline MT5 Strategy Collection

by zhutoutoutousan

This repository contains a diverse collection of MetaTrader 5 expert advisors ranging from RSI-based scalping robots to multi-timeframe trend following systems. The EAs utilize various technical indicators including EMA crossovers, MACD momentum, and ATR for volatility-based exits. The core logic often incorporates mul

MT5 Collection ScalpingTrend followingBreakout High risk

Updated 2 months ago Custom licence GitHub

Ighodalo MT5 Strategy Collection

by Desmath3

This repository contains an extensive library of MetaTrader 5 expert advisors covering various algorithmic trading methodologies. The collection includes strategies based on Bollinger Bands, Relative Strength Index, moving average ribbons, and swing failure patterns. A core focus is the Ighodalo series for gold and CFD

MT5 Collection Trend followingBreakoutMartingale High risk

Updated 8 weeks ago Custom licence GitHub

Yousuf Mesalm Experts Collection

by dryousufmesalm

This repository contains an extensive collection of over 200 Expert Advisors developed for the MetaTrader 4 and MetaTrader 5 platforms. The files range from individual strategy implementations like CCI multi-pair and cycle-based trading to comprehensive testing frameworks. The primary featured Expert Advisor includes a

MT4MT5 Collection Indicator crossoverMulti-strategyTrend following High risk

Updated 7 months ago None stated GitHub

Fxcodebase Archive

by gehtsoft-usa

This repository is a comprehensive backup of trading resources from the defunct fxcodebase community, containing a diverse collection of expert advisors for MetaTrader 4 and 5. The archive serves as a repository for legacy source code, featuring strategies ranging from RSI crossovers to advanced hedging and martingale

MT4MT5 Collection Multi-strategyMartingaleHedging High risk

Updated 2 months ago GPL-3.0 GitHub