Trading Robots for MetaTrader 5
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MetaTrader 5
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Overview
The EA "StochRider" is developed for trading the EURUSD currency pair in the M15 timeframe using an effective trend-following strategy.
The main entry signal is based on the chart hitting a support or resistance line, and a secondary signal is used to filter reversal signals using the Stochastic Oscillator to mitigate potential unwanted orders.
Details of the EA:
- Name: StochRider
- Main Entry Signal: Chart hitting support or resistance lines
- Secondary Entry Signal: Using the Stochastic Oscillator to filter reversal signals
- Currency Pair and Timeframe: EURUSD, M15
Live Signal: https://www.mql5.com/en/signals/2164513
Backtest
- Modelling quality: Every Tick
- Spread: Variable
- Time Period: 2015 – 2023.11
- Symbol: EURUSD
- Timeframe: M15
- Dynamic lot: Dynamically sets the lot size based on the current balance.
* Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers
** The only thing I recommend you adjust in this EA is to choose the lot size setting as you prefer.
Select True for your desired risk management setting: either Select_Risk_Setting, Select_Percent_Setting, or Select_Fix_initial_lot (choose only one to be True).
Once you've selected True, choose the risk level or input a numeric value under that option.
Recommend
- Currency Pairs: EURUSD
- Timeframe: M15
- Account Type: Any, with a minimum spread (preferably ECN/Raw)
- Leverage: 1:100 is recommended
- Settings: Default
- Minimal/Recommended Deposit: $1,000
