JKRapidFire

  • Experts
  • Shi Yuan Wang
    Shi Yuan Wang

    Shi Yuan Wang

    I write custom indicators, Expert Advisors (EAs), scripts and trading tools
    for MetaTrader 4 and MetaTrader 5, and indicators for TradingView (Pine Script).
    What I can do for you:
    - Convert a clearly described trading rule into a backtestable MQL4/MQL5 EA
    1 code 1 topic 1 comment
  • Version: 1.13
  • Activations: 5
JK-RapidFire — Automated Trading System for MetaTrader 5

Overview

JK-RapidFire is an automated trading Expert Advisor for MetaTrader 5. It uses a proprietary internal signal engine to evaluate market conditions and open trades when its internal rules are met. The EA includes single-position management, stop loss, take profit, trailing stop, margin pre-check, and lot normalization.

It is designed for users who want a rule-based automated trading tool in MT5. The core entry logic is proprietary and is not disclosed in the product description or provided as public input parameters. All trading strategies involve risk, so thorough testing is required.

Key Features

  • Proprietary signal engine: internal entry conditions are not publicly disclosed.

  • Single-position management: manages one position per symbol/magic at a time.

  • New-bar evaluation: signals are evaluated after a bar closes to reduce tick-level noise.

  • Automatic SL/TP: stop loss and take profit can be set in points, pips, or ticks.

  • Optional initial protective stop: may be enabled depending on the version.

  • Trailing stop: starts after a specified profit and supports distance and step settings.

  • Margin pre-check: checks free margin before sending orders.

  • Lot normalization: automatically adjusts lot size to broker min/max/step rules.

  • Magic number support: allows multiple instances on the same account.

  • Retry on failure: can retry entry within the same bar after a failed attempt.

  • Strategy Tester compatible: works in the MT5 Strategy Tester.

How to Use

  1. Purchase and install JK-RapidFire from the MQL5 Market.

  2. Open MT5 Navigator, find the EA under Expert Advisors, and drag it onto a chart.

  3. Enable AutoTrading.

  4. Configure lot size, stop loss, take profit, trailing stop, and other public parameters according to your testing.

  5. Backtest in the Strategy Tester with realistic spread, commission, and slippage.

  6. Forward test on a demo account.

  7. Consider live use only after you fully understand the EA behavior and risks.

It is recommended to use a separate chart and a separate magic number for each symbol or instance.

Public Input Parameters

Trade Settings

  • InpPointUnit : point unit for all point-based parameters:

    • UNIT_POINT : smallest point

    • UNIT_PIP : traditional pip

    • UNIT_TICK : symbol tick size

  • InpLots : lot size, normalized to broker rules.

  • InpSL_Points : stop loss in points.

  • InpTP_Points : take profit in points.

  • InpMagic : magic number.

  • InpSlippage : maximum slippage.

  • InpMaxRetry : maximum retries after entry failure on the same bar.

Trailing Stop

  • InpUseTrailing : enable trailing stop.

  • InpTrailStart : profit in points required to start trailing.

  • InpTrailDist : trailing stop distance.

  • InpTrailStep : minimum trailing step.


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PROP FIRM READY!  --> DOWNLOAD ALL SET FILES WARNING: Only a few copies left at current price! Final price: 990$ NEW (from 399$ only) : Choose 1 EA for Free! (limited to 2 trade accounts numbers, any of my EAs except UBS) Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here Live Signal Live Signal 2 Full Manual !! THE GOLD PHANTOM IS HERE !! After the massive success of The Gold Reaper, I'm extremely proud to introduce its powerful brother: The Gold Phantom , a pure, no-non
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Shengzu Zhong
4.67 (6)
Experts
Real Trading Account — LIVE SIGNAL | IC MARKETS: https://www.mql5.com/en/signals/2339082 GoldWave Ultra uses the same core trading logic and execution framework as the verified live signal shown above on MQL5. When running the EA with the recommended optimized settings on a reputable ECN/RAW-spread broker ( e.g., TMGM ), its live trading behavior is designed to closely follow the trade structure, risk management, and execution characteristics demonstrated by the live signal. Please note that ind
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