Expert Advisors and Indicators for MetaTrader 5

Here you will find many programs for the MetaTrader 5 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 5

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MetaTrader 5
Andriy Sydoruk


Expert system BotMFI.

The most important characteristics for an expert are the ability to predict, that is, potential profit in the future, and not in the optimization period. To do this, you can simply check the Expert Advisor, cycle it through history in two stages. The first stage is optimization and sampling (according to one invariable rule). The second stage is the sweep. Thus, you can cycle through several times and draw conclusions. In this case, for optimization, an interval of one week is taken, for work too. The results are excellent, check it yourself. The file for optimization is presented in the discussion.

This EA works with any Forex pair. The signal is generated using the classic MFI indicator. For cyclical re-optimization, optimization is performed for one week on a 1-minute chart, the predicted running time before re-optimization is also one week. Optimize by custom parameters. For long optimization, the timeframe is one hour.

Key characteristics. These are the system parameters for login. For entry, an algorithm for analyzing the speed and acceleration of ticks is used.

PeriodSignal - The period on which the indicator works.
SignalBar - Signal bar of the indicator.
Period - The period of the indicator itself.

AppliedVolume - Applied to volume.

Stop parameters. Their name speaks for itself.
  • StopLoss - Stop-Loss
  • TakeProfit - Take-Profit
  • TrailingStart - Trailing-Start
  • PeriodTrailingStep - Timeframe for Trailing-Step.
  • Total Equity Loss - Stop for all equity as a percentage of the deposit (drawdown).
  • Total Equity Profit - Profit for all capital as a percentage of the deposit.
  • Total Profit Currency - Profit for all capital in foreign currency.
  • Auto Close - Automatic closing of the opposite deal.
  • Auto Close Profit - Automatic closing of the opposite deal when it is in profit.
Parameters for working with a spread.
  • Set Stops Level - forcibly set the level of freezing stops and the minimum distance to the order.
  • Spread Min - Minimum spread. If you do not install it, the bot will work like a grail, it will give fabulous profits, but not real ones.
  • Spread Max - Maximum spread. It is better to limit the work to a certain level of spread, so that in fact the positions do not end up in a disadvantageous situation.
Money management parameters and others.
  • OnRisk - We activate the work according to the money management algorithm.
  • Lot - If the OnRisk field is disabled, then the work is carried out by the volume set in this parameter.
  • Risk - Specifies the risk itself.
  • PercentRisk - Used to calculate the deposit.
  • Min Deposit - The minimum possible deposit at which the bot is still working.
  • Limit Max Lot - Limit the maximum volume.
  • Magic - Magic number.
  • Base TF - Key parameter. Responsible for the timeframe on which transactions are opened.
  • Setup Filling - Set the Filling policy according to the requirements of your broker.

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RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.