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Choppa bot

This code snippet is a comprehensive Expert Advisor (EA) developed for the MetaTrader platform, utilizing or MQL5 programming languages. The EA, named "CHOPPA BOT," is designed to automate trading strategies based on a combination of technical indicators, including the Relative Strength Index (RSI), Parabolic SAR, Exponential Moving Averages (EMA), Simple Moving Average (SMA), and the Average Directional Movement Index (ADX). Here's an overview of its functionality:

  1. Initialization and Setup: Upon initialization, the EA sets up various trading parameters and indicator handles for RSI, Parabolic SAR, EMA, SMA, and ADX. These indicators are used to generate buy or sell signals based on the market conditions.

  2. Open Position Logic: The EA checks for trading signals based on the criteria specified by the combination of indicators. For instance, a buy signal might be generated if the current price is above the Parabolic SAR value, the EMA is above the SMA, the RSI is below the overbought level, and the ADX indicates a strong uptrend. Sell signals are generated under opposite conditions.

  3. Management of Open Positions: The EA continuously monitors open positions and implements logic to close positions based on several conditions. It considers the current market price relative to the Parabolic SAR, EMA, and SMA values, as well as the position's profit or loss. The code includes commented-out logic for closing positions when specific profit or loss criteria are met, or when the market trends reverse as indicated by the indicator values.

  4. Risk Management: The EA incorporates risk management features, such as calculating the maximum loss and profit percentages to determine when to close all positions and stop trading. This is aimed at protecting the account from significant losses and securing profits.

  5. Trade Execution and Management: The EA executes trades with predefined lot sizes, and sets stop loss and take profit levels based on the strategy's requirements. It also includes functions to count the number of open buy and sell positions and to close all positions if necessary.

  6. Event Handling: There's a placeholder for handling trade transactions, allowing for further customization to respond to trade events, such as successful trade executions or errors.


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Description of the Doctor Winston bot General characteristics: Name: Doctor Winston Type: Ultramodern Forex trading bot Instruments: Trades on most currency pairs and instruments Timeframe: Can be set to any timeframe Bot settings: Money Management (Capital Management): MMOn: Enabling/disabling capital management (true/false) DefaultVolume: Default transaction volume (0.01) MMCalc: Base amount for capital management (1000) Indicators: ALength, BLength, CLength, DLength, ELength: Parameters
Rosaline
Simone Peruggio
5 (4)
Rosaline è un EA che opera con un perfezionamento di una strategia semplice basata su RSI + bollinger bands + ATR principalmente su Oro, EU e GU . L'EA è stata partorita con " equity protect " settabile manualmente che va a proteggere il capitale dai drawdown. Cosa significa?  Se stai pensando di utilizzarla per passare una challenge puoi farlo perché grazie a questa "feature" sei coperto dalla classica regola del DD giornaliero. Esempio: su un account da 100k puoi settare una copertura a
Introducing Sanctimonious EA For Boom And Crash ! Sanctimonious EA For Boom And Crash is a revolutionary MQL5 expert advisor designed to revolutionize your trading experience in the boom 1000 index market. Developed by a team of seasoned traders boasting over 5 years of collective trading expertise, this bot brings cutting-edge technology to your fingertips. Note: For demo and back testing purpose use the same configuration details provided in the screenshots . When back testing, I recommend yo
GerFX Density Scalper MT5
Exler Consulting GmbH
5 (6)
Before you buy a night scalper please be aware of the risks involved: Past performance is no guarantee of future profitability (the EA could also make losses).  The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but still execution of the SL d
Contact me through PM for a 10% special discount on every purchase of all my EAs. If you need MT4 version or can't afford renting/purchasing contact me for alternative solution. If you'd like to purchase multiple EAs (minimum 2 EAs) as a custom package contact me for 20% special discount for the package. Join   Nexus Community Public Chat Live Signal Starting Price: $3500. Current Price: $4500.  Next Price: $5000 A trading algorithm designed to trade against the average losing retail trad
Epicus Prime MT5 EA
Allan Munene Mutiiria
Epicus Prime Overview: Epicus Prime is a top-tier, superior, outstanding, unique, and exceptional solution in the world of algorithmic trading. In the realm of forex trading, Epicus Prime is engineered to handle significant and substancial tasks, and perform exceptionally well in the trading context, excelling remarkably in performance, accuracy, and reliability, which positions it as a leading, prominent and reliable option for traders. Strategy Elaboration: Epicus Prime is a system that analy
Flet scalper
Dmitiry Ananiev
Tick channel scalper for flat markets or for markets with frequent pullbacks. The robot is set to EURAUD. Brokers with minimal spreads and commissions are recommended. For example Rannforex.com or ICMarkets.com The EA has a unique algorithm that works on ticks and does not depend on the timeframe. Opening hours are configurable. Trading is possible both at any time period and around the clock. File for optimisations and test on Tester  include in my blog   -  https://www.mql5.com/ru/blogs/post/
Neurolite EA gbpusd
Aliaksandr Salauyou
The Neurolite Expert Advisor offers trade decisions based on a neural network trained using a 10-year history of real tick data. The trading is performed only on GBP/USD. Its main peculiarity is a small amount of input parameters so as to facilitate the working process of users. The Neurolite EA will fine-tune all the parameters for you. Trading Strategy The system does NOT use dangerous strategies such as averaging or martingale, but strictly adheres to the neural network instructions. Stop l
Neurolite EA eurusd
Aliaksandr Salauyou
The Neurolite Expert Advisor offers trade decisions based on a neural network trained on 5-years of real tick data. Trading is performed only on the EUR/USD currency pair. Its main peculiarity is a small amount of input parameters so as to facilitate the working process of users. The Neurolite EA will fine-tune all the parameters for you. This Expert Advisor is based on the previously released Neurolite EA gbpusd , which was adjusted for successful trading on the EUR/USD currency pair. Trading
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