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Monkey Business EA v2

Monkey Business Expert Advisor - No Monkey Business - Guaranteed

This Expert Advisor gives you the tools to successfully earn money in the Forex Market. You can choose between multiple indicators to enter and exit the market, filter bad market states or confirm the signals of your main indicator in a higher time frame. You can simply attach the EA with default settings to your chart or create your own system with normal entries and exits, use a staking plan or choose dynamic martingale. You will easily be able to set the EA up to reflect your own risk aversion.

Please see the detailed settings description below to comprehend the full potential of the EA.

For optimization results and setting files for different brokers and timeframes, please visit my blog.

Customers can also always ask me for different indicators or entry & filter rules to add to the product. I will add them for free if possible.

This is not a hocus-pocus tickdata EA that requires you to have an ultra speed VPS Server and creates billions of dollars profit in backtesting. Every calculation is solely based on closed candle OHLC values. That's why the EA only trades on closed candle and testing can be done with OHLC. You can optimize with Custom Max which will show you the maximum relative equity drawdown or your chosen parameter in the results table.

Detailed settings description:

Setting
Description
 Custom Max
 Choose the parameter to be optimized while backtesting. Detailed description of the different settings can be found at Testing Statistics
 Entry Signal
 Choose entry signal of one of the following indicators:
  • Moving Averages
  • iTC_iMA
  • Floating RSI
  • Gann High Low Activator
  • Supertrend
  • Turbo JRSX
  • MACD Divergence
  • Breakout Window

 More signal indicators might be added in the future.

 Reverse
 Reverse Signals
 Exit Signal
 Choose signal to exit trades
 Filter Signal
 Choose an indicator to filter out bad market states and confirm your entry signal:
  • Absolute Strength Market
  • Trinity Impulse
  • MACD Divergence
  • Spearman Rank Correlation
  • Aroon Oscillator
  • Supertrend
 Filter Timeframe
 Choose timeframe that applies on the filter indicator
 Candle Size Filter
 This setting allows you to avoid signals that occur directly after big news. If set to 30, a signal occuring directly after a candle that is bigger
 than 30 pips will be ignored.
 Set to 0 to turn the filter off.
 Use Automatic MM
 Toggle between automatic and fixed money management
 Lot
 Applies only for fixed lot money management
 Risk
 Applies only for automatic MM.
 The parameter determines the lot to be traded per 100 currency units in your balance.
 E.g., if set to 0.1, and you have 500USD in balance, lot will be 0.5.
 Max Lot
 Limits the volume to trade with - this setting is always active
 Stop Loss
 Determine Stop Loss - Set to 0 to not use
 Take Profit
 Determine Take Profit - Set to 0 to not use
 Use Trailing SL
 Toggle Trailing Stop Loss on or off
 Trailing Start
 Trailing Stop Loss will be initiated when current trade is in profit by your chosen amount in pips.
 Set to 0 start immediately - recommended.
 Staking Method
 Choose between staking sequences. You can either reset the multiplicator after a win, or after a loss.
 Multiplicator
 Attention: Set to 1
  to disable

 When a trade has been closed in loss, the next trades volume will be multiplied by this amount, after a winning trade the series is resetted
 Example: lot = 0.01, multiplicator = 2, staking_method = reset_after_win
  • Trade 1 with a volume of 0.01 lost, volume for next trade gets multiplied by 2
  • Trade 2 with a volume of 0.02 lost, volume for next trade gets multiplied by 2
  • Trade 3 with a volume of 0.04 won, volume for next trade gets resetted to 0.01
  • Trade 4 has a volume of 0.01, and so on
 Use Martingale
 Toggle Martingale on or off
 Martingale TP
 This Take Profit is only used when the martingale increases lot size.
 Example: Take Profit = 20, Martingale TP = 3
  • EA enters first trade with a Take Profit of 20
  • As the trade is in loss, the volume gets increased and the Take Profit is changed to 3
  With this setting, it is possible to quickly exit trades in profit when the EA had to increase lot size.
 Reentrylvl  Reentry level determines the minimum amount in pips your current trade is in loss, when the EA is allowed to increase volume.
 However, the EA will still wait for all signals to appear correctly. It will not blindly increase volume at this value.
 PipGap  This is the most important variable for the martingale strategy in this EA.
 The EA will dynamically increase lot by the necessary amount to reduce current loss of the open trade to match the PipGap.
 Example: Take Profit = 20, Martingale TP = 5, Reentrylvl = 100, PipGap = 1
  • EA enters opening buy trade according to your chosen signals with a Take Profit of 20
  • The price drops - your current loss is 120 pips
  • The price rises and a buy signal occurs, your current loss is 105 pips
  • As current loss > reentrylevel, the EA increases lot amount by that much
  • That current loss of the new position equals the PipGap (current loss after increasing volume = PipGap)
  • The new trade gets a Take Profit of 5
 With this setting you will greatly impact the risk & profits of your strategy. A smaller value will increase potential profits but also increase your risk.
 The smallest value allowed is 1.
 StartHour/EndHour  Set a timeframe for the EA to trade. E.g., 7 to 13 o'clock
 Trade[Weekday]  Restrict trading days
 Cancel on Timeout
 When either the EndHour or a restricted trading weekday is reached, the current trade gets cancelled if set to true.
 Indicator Settings
 Determine the settings for your chosen indicators.
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Raphael Minato
R FACTOR Multi Strategy Expert Advisor with Proprietary Dynamic Portfolio Management System After 4 years of development and more than  3  years of real positive results  and 8 months after the MT4 version, here comes its MT5 version! It has always been important for us that the strategies performed positively for the creator before it could be shared.  Skin In The Game  is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has
519 USD
EA Monolith
EA Monolith
Vasiliy Kolesov
EA Monolith EA monolith   is a fully automatic, multicurrency Expert Advisor designed for trading on the Forex market in the MT5 terminal on accounts with "netting" orders, "no hedge". This advisor has been under development for two years. this version was released in early January 2021, it took into account all the trading experience over the past two years and solved all the problems that arose earlier. You can see the result on the monitoring accounts in my signals. You need to pay attenti
1 650 USD
Berlin MT5
Berlin MT5
Ruben Octavio Gonzalez Aviles
Berlin  is a complex and dynamic algorithm with more than 99% profitable trades in a historical backtest. It usually opens multiple trades per week and closes them mostly within the same day. Introductory offer ->  Only 1 of 10 copies  of this EA will be sold at the current price. Next price: $499 <- NO  martingale, smart recovery, grid trading or averaging in this algorithm. Be careful with such methods as they can quickly wipe out your portfolio. MetaTrader 4 Version:   https://www.mql5.com/en
299 USD
Aura Gold EA MT5
Aura Gold EA MT5
Stanislav Tomilov
Aura Gold EA  is a fully automated EA designed to trade  GOLD   only. It is based on machine learning cluster analysis and genetic algorithms. EA contains self-adaptive market algorithm, which uses price action patterns and standard trading indicators (CCI,ATR). Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money managment used, no martingale, no grid, scalp or hedge. Suitable for any broker conditions. In the near future, the price of the Expert Advisor wil
1 495 USD
Superbot
Superbot
Vladimir Chamin
Superbot allows you to turn Metatrader5 into a software package for creating and testing trend and reverse trading systems on the derivatives and stock markets of  Moscow Exchange and Chicago Mercantile Exchange. It has five modes : Constructor : manually assemble a strategy from the available blocks; Generator : using genetic optimization you can automatically generate trading systems; Stress testing : allows you to test the created strategy using the Monte Carlo method and Walk forward analysi
500 USD
Advanced Scalper MT5
Advanced Scalper MT5
Profalgo Limited
MORE THAN 3 YEARS OF TRADE RESULTS ALREADY   ->  https://www.mql5.com/en/signals/413850 CURRENTLY AT +70% DISCOUNT OF FINAL PRICE! ONLY 1 COPIES LEFT AT 390$!! NEW: Buy Advanced Scalper, and get 1 EA for free! (Any of my EA's, except for Reaper EA.  For max 2 trade accounts) Final price -> 990$ !! READ SETUP GUIDE BEFORE RUNNING THE EA !!    ->  https://www.mql5.com/en/blogs/post/705899 Advanced Scalper is a professional trading robot that has been in development for many years. It uses
390 USD
Bonanza EA MT5
Bonanza EA MT5
Elizaveta Erokhina
Gold Bonanza is an advanced trading system which was optimized for XAUUSD currency pair. The EA uses complicated filtering techniques to search for accurate entry and exit points. My adviser is intended for a long-term trading. It utilizes its own price action algorithms in combination with the author's indicator. Gold Bonanza is a fully automated adviser that doesn't require any special skills from you. All you need to do is just install it and the EA will do the rest for you. Check out my back
499 USD
PriceTracker MT5
PriceTracker MT5
Stanislau Siatsko
PriceTracker is a very rapidly developing project with a huge set of strategies and various trading Logics. This is a robot that: does not use indicators, no need to optimize, no need to select parameters and adjust to the history, trades in different styles and strategies can trade any currency pair, and any trading instrument. We all know that the classics of any trade are the Support and Resistance lines, after breaking through or rebounding from which financial instruments begin to move inte
1 700 USD
Exp TickSniper PRO FULL
Exp TickSniper PRO FULL
Vladislav Andruschenko
Exp-TickSniper -  high-speed tick scalper with auto-selection of parameters for each currency pair automatically. Do you dream of an adviser who will automatically calculate trading parameters? Automatically optimized and tuned? The full version of the system for MetaTrader 4:   TickSniper  scalper  for MetaTrader 4 TickSniper - Full Description   + DEMO + PDF The EA has been developed based on experience gained in almost 10 years of EA programming. The EA strategy works with any SYMBOLS. Th
399 USD
SIEA Zen
SIEA Zen
Daniel Stein
The keys to success   in trading Forex are discipline, patience and a clear edge, as we have with our unique real trading volume analysis. That's our experience of 10 years of trading Forex, and  all these key factors are summarized in the S tein   Investments E xpert A dvisor ( SIEA ) series. SIEA ZEN  provides a very balanced risk-reward ratio and survives all market circumstances easily - even the most critical ones like Corona, Brexit, etc. The system's robustness provides, besides an
999 USD
Naragot Portfolio MT5
Naragot Portfolio MT5
Alexander Mordashov
One-time flash SALE promo: only 10 copies available at $449! 4 copies left   out of 10 at $449 Next price --> $499, after the sale price will return to $599 This EA is a professional portfolio of trend-following multicurrency trading systems based on principles of volatility breakout and breakouts of support/resistance levels. Consists of 7 strategies chosen from a pool of many other which I trade myself   for a long time on real accounts with significant money on them MT4 version : https://www
449 USD
Carousel Triple Correlation MT5
Carousel Triple Correlation MT5
Stanislau Siatsko
Attention: this is a multicurrency EA, which trades by several pairs from one chart!  Therefore, in order to avoid duplicate trades, it is necessary to attach EA only to one chart, ---> all trading in all pairs is conducted only from one chart! Carousel_Triple_Correlation is a powerful tool that has no analogues on the market, and possibly the only automated system with an exclusive trading principle and with the capabilities that the system has. The Carousel_Triple_Correlation logic uses tripl
945 USD
ATS Advisor MT5
ATS Advisor MT5
Ivan Bebikov
The MT4 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/49187 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) Fully automatic adviser, with a system for recovering from losses. The strategy is based on the breakdown of significant levels, with automatic calculation of Stop Loss (200-400 points (5 digits)). The EA has been tested from 2010 to the present day in various market conditions/periods . Always use st
499 USD
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Monkey Divergence
Monkey Divergence
Georg Frieske
This EA looks for divergences between Price and Stochastic values. Signals are created when Moving Average and ADX confirm the direction. Default settings are ready to be traded on EUR/USD H4. Setting description: Setting Description  Risk Only applies if Automatic Money Management is used; Describes the percentage of free margin allowed for a trade; Leverage and Balance affect your initial lot; Please Note, settings like 0.1 are allowed too.  Multiplicator If previous trade closed in ne
99 USD
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Version 2.13 2014.02.24
Trailing Stop can now be used with values of the Parabolic SAR indicator.

Set Trailing_Start equal to 0 to place a Stop Loss immediately after opening of the trade.
Set Trailing_Start to higher than 0 to only start placing Stop losses when current trade is the specified number of pips in plus.

Old Trailing Stop is now called "Price Based".

Please note, that my price based Trailing stop will never close trades with a loss, while it will happen with Parabolic SAR as Stop loss values can lie under the opening price.

However, if you use it in combination with Martingale, Trailing Stop will only be activated, when SAR value yields a positive result.

You can change settings of Parabolic SAR as usual.
Version 2.12 2014.01.16
Minor bug fix.
Version 2.11 2013.12.26
Little bug fix that caused wrong direction trades when using martingale.
Version 2.1 2013.12.23
- Trinity impulse is now also available as entry signal.
- Ability to change Magic Number.