EA31337 Libre is an open-source, multi-strategy trading robot for MetaTrader 4 and MetaTrader 5. It functions as a simplified implementation of the EA31337 framework, providing a collection of over 35 built-in strategies based on technical indicators. The expert advisor performs independent market analysis across vario
Trading robot · MT5
Value Area EA
This MetaTrader 5 expert advisor implements a strategy based on the 80% Value Area rule, a concept derived from volume profile analysis.
GitHub stars1
Forks0
Last update1 year ago14 Jun 2025
LicenceMIT
Overview
Value Area EA calculates the Value Area High, Value Area Low, and Point of Control to identify high-volume price zones from previous sessions. The robot seeks entries when price re-enters the Value Area, aiming to capture moves across the established range. It includes swing high and low detection for trend identification. Notable limits include the absence of stop loss, take profit, or lot sizing inputs, as the project is currently an educational prototype with core trading functions in an experimental state.
- Dynamic Value Area calculation
- Point of Control identification
- Swing high and low detection
- 80% Value Area rule implementation
- Custom on-chart GUI panel
Details
Author
jtokovics on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Trend following
Markets
Any symbol
Timeframes
M15-H1
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from ValueAreaEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Magic | int | 1 | Magic Number |
ValueAreaPeriod | ENUM_TIMEFRAMES | PERIOD_D1 | Timeframe for Value Area calculation |
LogTrade | bool | true | |
BinSize | double | 0.01 | Size of each bin for Value Area calculation |
ValueAreaPercent | int | 80 | Percentage of volume to consider for Value Area |
RequiredBarsToEnter | int | 2 | Number of bars required to enter a trade |
EnterTimeframe | ENUM_TIMEFRAMES | PERIOD_M30 | Timeframe for entry signals |
SwingLookback | int | 20 | Lookback period for swing high/low calculations |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone jtokovics/ValueAreaEA 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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