Larry Conners RSI 2
This MQL5 Expert Advisor is an adaption of the trading strategy made famous by trading legend Larry Conners.
The EA essentially buys on the dips and sells on the rises.
Current candle is above the 55 EMA
RSI 2 period is below 10
Current candle is below the 55 EMA
RSI 2 period is above 90
This strategy has been adapted into a scalping strategy.
Default settings are for EURUSD 1H time-frame 2018/01/01 - 2020/05/30
This is also a new improved version of the product that was posted in the code base https://www.mql5.com/en/code/19503
Join Algotrading_za Telegram group to discuss required updates and share SET files and get access to source code.
MACrossXL is a fully automated EA. It is based on mathematical algorithms of the Stochastic Oscillator, ADX indicator and two moving averages, one short and another long. MACrossXL works by strategy based on the above mentioned indicators. The EA is designed for EURUSD and optimized for M15 charts, although works with M5 charts. Recommendations The EA is designed for EURUSD and optimized for M15 charts, although works with M5 charts. The EA is designed for EURUSD (best results), USD/JPY, EUR/C
The strategy is based on the Alligator technical indicator, described by Bill Williams in "Trading Chaos". The system is based on three moving averages (Lips, Teeth and Jaw lines), and oscillators, calculated using the difference between them. The trading signals are generated after crossover of the Alligator lines, depending on trend, determined by order of these lines. In the case of upward trend the Lips line (with minimal period) is the highest, the next is the Teeth line, and the lowest i
Quant Scalper MT5 monitors various newswires to get a jump on significant news items. Quant Scalper MT5 is very active in momentum trading and further perpetuates the magnitude of price movement and volatility. The nimble get rewarded while the latecomers get trapped. Momentum trading is the hallmark of algorithm programs that can execute trades in milliseconds. Quant Scalper MT5 is programmed to access news and quotes faster than humans. This EA is constantly competing, racing and leapfrogging
GagarinEA MT5 is the latest Expert Advisor using a grid of pending orders. It is optimized for use with EURUSD, and can be used with other pairs with properly selected inputs. Input Parameters _point —the distance in points between pending orders; _ords —the number of pending orders; _Lag —the distance in points between the median of current prices collected in the array and the market price; TP —the take profit value in points; SL —the stop loss value in points; TStop —level for closing posit
The strategy is based on price crossover with Moving Average indicator, confirmed by ADX indicator. The trade signals: Buy: closing price of the last completed bar is higher than moving average, the moving average increases at the current and last completed bars. Sell: closing price of the last completed bar is lower than moving average, the moving average decreases at the current and last completed bars. To filter the false signal, it checks the trend power (ADX>ADXmin) and trend direction usin
Free version of Winds and Storms strategy. Are grid strategies too complicated? All these parameters make you nauseous? Winds and Storms is mixture of grid and channel strategy. It uses Bollinger Bands or Keltner Channel to measure oscillation potential. It has easy settings with suggestions that limit the number of optimized arguments. Sometimes the only factor that needs to be optimized is Money Management/Currency Stop Loss factor! It adjusts Grid automatically to every chart. When volati
And stop and reverse is an Expert Advisor that does not use indicators. Trade Strategy: Expert Advisor And stop and reverse trades on any currency pair and on any timeframe. The strategy is based on accompanying an open position with a trailing stop and reversing it when the trailing stop triggers. The Expert Advisor increases the deposit by limiting the losses and not limiting the profits due to the absence of a Take Profit. Input Parameters: LotConst - constant lot size; TrailingStop - the o
A fully automated, parameterised expert advisor that generates trades based on ADX and RSI values with ATR to set Stop Loss & Take Profit. My first attempt at an EA based on a strategy first described in the forums: https://www.mql5.com/en/forum/179186 Input Parameters MaxSpread - the maximum allowable spread when opening and closing trades. LotSize - hard coded lot for all trades. RSI1 - fast moving RSI. RSI2 - slow moving RSI used for confirmation on RSI1. RSIRising - low point to calculate R
Fibo Trader is an expert advisor that allows you to create automated presets for oscillation patterns in reference to Fibonacci retracements values using fully automated and dynamically created grid. The process is achieved by first optimizing the EA, then running it on automated mode. EA allows you to switch between automatic and manual mode. When in manual mode the user will use a graphical panel that allows to manage the current trading conditions, or to take control in any moment to trade ma
The Expert Advisor determines trend direction and evaluates the trend strength in percentage (100% means the maximum strength). The evaluation is based on the detection of the following three components: Trend emergence sign Confirmation of trend emergence Comparison of the emerging trend with the long-term market trends The maximum value of the trend strength of 100% means the market situation, when the trend expected on a small timeframe is confirmed in the medium term and has the same directi
Operation of the CodEx Expert Advisor is based on patterns composed of consecutive candles. Positions are closed when opposite signals appear. Sequences of candles are encoded into an integer according to the following rule. The code number must be converted to binary form and the highest bit must be discarded. The resulting sequence of bits encodes a continuous sequence of candles, where 1 is a bullish candle, 0 is a bearish candle. The higher bits encode the earlier candles. For example: 19[10
This trading algorithm is designed for trading significant intraday market movements. The trading robot allows to flexibly adjust trading parameters, including the risk level per trade, so that it is possible to maintain a balance between expected return and drawdown. The robot locks profit using Trailing Stop. The EA adapts to the current volatility values when calculating the Take Profit and Stop Loss levels. It is not recommended to set up the algorithm for trading at low volatility, for exam
Скальпер для счетов с неттинговым учётом ордеров. В данном эксперте реализована стратегия торговли на отбой от уровней поддержки и сопротивления. За базовую идею принят индикатор Levels. С помощью настроек внутреннего индикатора можно установить любой базовый таймфрейм для расчёта уровней. Запускается Эксперт на малых таймфреймах, рекомендуется PERIOD_М5 . Торговля доступна как с установленным в настройках размером лота, так и с динамически изменяющимся лотом в зависимости от настроек параме
This Expert Advisor catches quick movements of the price of a currency pair and opens positions in the movement direction. The functionality is the same with the MetaTrader 4 version. It includes stop loss, take profit and a system of averaging. Full version of the system for MetaTrader 5: Exp-TickSniper MT5 FULL . Full version of the system for MetaTrader 4: Exp Ticksniper The complete instructions (in Russian) are provided in our blog . All updates to our forex software are free ! Note: You c
USDCatch is a new scalping expert for МТ5. The trading system is based on tracking short-term signals during a trend via a built-in indicator. It is optimized for use with EURUSD, and can be used with other pairs with properly selected inputs. Minimum account balance is $100 Recommended account balance is from $500 and higher Input Parameters _stopLoss —Stop Loss value in points; _takeProfit —Take Profit value in points; MAGICMA —Expert Advisor's magic number; TStop —The trailing stop value;
The "Fractals and Arbitrage" (FNA MT5) Expert Advisor comprises two strategies. 1. The first strategy is the classic Breakthrough of Fractal Levels: Inputs for the strategy of Breakthrough of Fractal Levels: _point — indent in points from the fractal level for placing a pending order; _stopLoss — Stop Loss value in points; _takeProfit — Take Profit value in points; MAGICMA — Expert Advisor's magic number (for both strategies!); TStop — Trailing stop value; TrailingStep — Trailing Stop step; De
Master Levels mt5 free ( full version ) analyzes the market situation over the last few days and determines the current levels. It tracks the breakouts of these levels. Trades are opened in the breakout direction. The Expert Advisor is fully automated. Master Levels is equipped with a flexible position management system. The trailing stop system allows to protect the obtained profit. Depending on the settings, the EA can work both as a scalper, and as an expert with medium profit targets. The EA
A neural network Expert Advisor based on two moving averages with the training mode. Train the Expert Advisor on selected examples and make a profit in real life. The EA can work on any instrument and in any timeframe. Trading Algorithm of the EA Two moving averages are analyzed by the neural network core, which produces commands to buy or sell. the values of two moving averages, fast (FMA) and slow (SMA), are provided to the first layer, at the second layer it calculates two neurons responsib
This is an automated Expert Advisor that trades using the MACD and Envelopes indicators. Real account fully managed by the Expert Advisor The paid version is available here . The free version has the following limitations. No panel for opening orders. The trading is limited to the EURUSD currency pair and similar. Orders can only be opened with the minimum lot, no more than 5 orders can be opened in the same direction, to a total of 10 orders. Pause after closing of all orders is 6000 minutes. D
The Fractals Trader Free Expert Advisor is a semi-automated trading system that automates market entry at the breakthrough of fractal levels. The EA is intended for both beginners and professionals. The EA can run on any timeframe and any currency pair. Lots and return depend on the settings determined by a trader. Fractals Trader Free can complement any trading strategy by automating market entry on the breakthrough of the fractal level through various types of position opening and maintaining
This trading algorithm is designed for trading during low-volatility periods: the night before the opening of the London session or for trading low-volatility pairs. The trading robot allows to flexibly adjust trading parameters, including the risk level per trade, so that it is possible to maintain a balance between expected return and drawdown. The robot locks profit using Trailing Stop. Despite the fact that the algorithm includes a trading signals filter, it is not recommended for use during
Smart Robot MT5 is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic that managed and decided with robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA don't need any professional information or Forex Trading Knowledge. The EA works with low margin level and thus has low risk. This is Free Version and limitations is : Trade on EURJPY only with lot size
Ilanis is an Expert Advisor for stock trading, it can be used for trading on Forex and other markets, including commodities, metals and index markets. This is a free version of the Ilanis Expert Advisor. The robot opens only buy trades. This allows to fully evaluate the operability of the EA, the systems of money management and position control. Can be used for trading on real accounts. But the performance of the full version is greater. To determine the market entry, the EA uses the modern and
SeasonalEA is an Expert Advisor for MetaTrader 5 that allows a trader to buy (or sell) symbols with timing rules. For example, the trader can add rules to buy on Monday at 10:00 am and sell on Tuesday at 5:00 pm. This software is useful for traders that: study seasonal patterns on Forex and CFD study intraday seasonals rules study timing trading rules This EA accepts up to 6 symbols rules (but if a trader wants to trade only one pair, they can do it simply by setting other lots to zero). Input
This is a simple trend strategy for Forex. Recommended timeframe is H1, the default settings are for the GBPUSD currency pairs (for other timeframes and currency pairs, it is necessary to select other indicator settings). The following indicators are used in the strategy: Exponential Moving Average: EMA (4) — blue Exponential Moving Average: EMA (13) — green Exponential Moving Average: EMA (50) — orange. Stochastic Oscillator (12,9,5), levels — 20, 40, 60, 80. A buy trade is opened at the openin
This free Expert Advisor shows time remaining until the current bar closes. Most trading strategies are based on the last CLOSED bar. So you have to enter a trade WHEN THE BAR IS CLOSING. This simple yet powerful EA shows you the time remaining before the current candle closes. So you can prepare yourself beforehand. When the Candle closes, you're set and ready to click (or not) to enter a position. No stress. Please see my other Forex Tools & my website EasyTrading . It will remain free but I
This is a universal constructor Expert Advisor for MetaTrader 5. The Constructor EA is provided with a large set of functions. This Expert Advisor is a demo version of The X for Mt5 Expert Advisor which can run on a demo account and on a real account on USDJPY with the minimum lot. It is a versatile trading system with custom functions and more than 15 signals for opening positions and placing pending orders. You can select one of 15 signals to open a position and 5 of 17 filters to sort out the
This is a new version of the ZigZag breakthrough Expert Advisor with the mode 4 implemented, which considers the peculiarities of the price movement and forming on EURUSD. The pair has become globally flat, thus my previous developments has stopped working normally for some time. The Expert Advisor places pending orders on a breakthrough by analyzing the ZigZag, volatility and existing trend. The Expert Advisor is set up by choosing the input parameters and the trading mode (G). Working pair is
This is random trading experiment (in other words: coin tossing or flip a coin). It is a pure Risk to Reward trading system, for example 1:3 with Stop Loss = 30 and Take Profit = 90. The Expert Advisor includes money management (on/off). In the future I will add filters. Warning: It's not recommended to use this strategy on a real account. Version 1.1: Martingale added.