Trading Robots for MetaTrader 5
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MetaTrader 5
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Overview
Overview
This is a multi-strategy trading robot compatible with netting mode. It combines technical indicators to generate trade signals and features a real-time dashboard for monitoring.
Core Features
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Signal Integration System:
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Primary and secondary signal selection from 4 strategies:
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ATR Volatility Breakout
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Fibonacci Retracement
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Moving Average Crossover
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RSI Divergence
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Trade execution requires primary + secondary signal confirmation
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Risk Management:
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Percentage-based risk per trade (1% default)
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Daily trade limit (5 trades/day default)
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Spread filter (rejects trades >5 pips spread)
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Margin requirement checks
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Stop Loss options: Fixed pips or ATR-based
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Netting Mode Compatibility:
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Prevents multiple positions on same symbol
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Position check before new trades
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Dashboard System:
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Real-time signal monitoring
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Trade permission status
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Daily trade counter
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Risk parameter display
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Key Components
- Signal Generation
- Position Sizing
- Trade Execution Flow
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Dashboard Elements:
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Signal status (color-coded)
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Buy/Sell enable status
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Trades today counter
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Risk percentage display
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SL/TP settings
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Input Parameters
| Group | Parameter | Description |
|---|---|---|
| Trade Settings | EnableBuyTrades | Allow long positions |
| RiskPercent | Risk per trade (%) | |
| MaxTradesPerDay | Daily trade limit | |
| Signal Parameters | PrimarySignal | Main strategy selection |
| ATR_Period | Volatility period | |
| FibRetraceLevel | Retracement % level | |
| Dashboard | ShowDashboard | Toggle visibility |
| PanelColor | Background color |
Advantages
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Flexible Strategy Configuration: Combine any 2 of 4 signals
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Visual Monitoring: Dashboard with real-time updates
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Robust Risk Controls: Multiple safety layers
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Adaptable Stop Loss: Fixed pips or volatility-based
Limitations
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Requires 100+ bars of historical data
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Minimum lot size constraint may block small trades
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Netting mode prevents hedging strategies
Optimal Market Conditions
| Condition | Instrument | Timeframe |
|---|---|---|
| Trending | EURUSD, XAUUSD | H1 |
| Breakout | GBPJPY, BTCUSD | M30 |
| Range-bound | USDCAD, S&P500 | H4 |
Performance Tips
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Backtest Period:
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2015-2024 (Includes various market regimes)
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Walk-Forward Analysis:
Re-optimize parameters quarterly:-
January (Q1 volatility)
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April (Q2 trends)
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July (H1 review)
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October (Year-end patterns)
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Critical Metrics to Monitor:
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Profit Factor > 1.5
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Drawdown < 15%
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Win Rate > 55%
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Sharpe Ratio > 1.0
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Risk Management Protocol
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Daily Loss Limit: 5% account balance
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Weekly Drawdown Cap: 15%
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Monthly Performance Stop: -20% (pause trading)
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Correlation Filter: Max 2 similar positions (by asset class)
Pro Tip: Combine with portfolio-level risk management. This EA should not exceed 30% of total trading capital.
This configuration prioritizes trend-following with MA Cross as the core strategy, filtered by RSI divergences to avoid false entries. The ATR-based stop-loss adapts to volatility, making it suitable for both calm and volatile markets.
This EA provides a systematic approach to trading with multiple confirmation signals and comprehensive risk management, suitable for both novice and experienced traders in netting account environments. !!! HAPPY PROFIT TRADING !!!
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