EA31337 is an advanced trading robot for Forex markets written in MQL.
The project aims to deliver fully working EA at the advanced level.
It implements algorithm for managing multiple strategies on different timeframes at once.
This project utilizes the following sub-projects:
The source code is compatible with MQL4 and MQL5 and can run on MetaTrader 4 and 5.
You can freely use this project for education or research purposes. If you're planning to use it for trading, please take care, as neither it is the holy grail or making money machine. So if you're looking to double your investment in a short period with few clicks, this is not what you're looking for, and most likely you won't find holy grail anywhere else.
To use this project most efficiently, you'll have to invest some time to understand how it works and how you can use it.
To learn more about the usage, please check the Wiki pages.
The EA provides the following out-of-box features:
Each strategy can analyse market on different timeframes independently. The market analysis is based on popular technical indicators.
Feel free to write your own custom strategies.
As part of the risk management, the EA's price stop algorithm decides when to close a trade with profit or to avoid further lose based on a specific market conditions such as technical indicator analysis.
The unique filtering system controls when to open or close the trades based on set of conditions.
The filters can be based on account, chart, market, indicator, active orders and several other conditions.
You are free to customize these filters using Advanced parameters.
Please be strongly aware that combination of symbol pair, broker, their market gaps and market spreads can give completely results when trading variety of robots.
The EA tries its best to detect the perfect conditions for its trading, however you need to backtest the robot first (or test it on demo account for several weeks), before going into deep waters.
EA is continuing to improve each release, which takes a lot of effort across many months and years, but it is never going to be perfect.
When using this EA for the trading purposes, please read the following tips:
For more important tips, refer to Before you start wiki page.
For installation steps, refer to Installation wiki page.
For compilation steps, refer to Compilation wiki page.
The default settings has been optimized for EURUSD symbol pair.
There are many of adjustable inputs that you can set. These are documented in a separate provided file.
If you planning to run EA on variety of symbol pairs, it is strongly advised that you should test it on the demo first, alternatively backtest and optimize the settings first. Only run EA on live at your own risk, when you're happy with the backtest or results on the demo account.
For the trading purposes, any timeframe can be used since EA reads data from multiple timeframes independently from the current chart.
Please be aware that backtesting cannot reliabily simulate the future outcome.
Recommended platform for backtesting and optimization is MetaTrader 5 (not 4).
The backtesting for MT4 has been documented at Backtesting using MT4 wiki page.
By default, EA provides the best known optimized settings for EURUSD symbol pair based on the performed optimization tests before each release.
Each release has slightly different, so don't mix old SET files for new EA.
Documentation can be found at the wiki page. If you believe some information is outdated, you can propose new changes.
The project is released under GNU GPLv3 licence, so that means the software is copyrighted, however you have the freedom to use, change or share the software for any purpose as long as the modified version stays free. See: GNU FAQ.
You should have received a copy of the GNU General Public License along with this program (check the LICENSE file). If not, please read http://www.gnu.org/licenses/. For simplified version, please read https://tldrlegal.com/license/gnu-general-public-license-v3-(gpl-3).
By using EA31337, you understand and agree that we (company and author) are not be liable or responsible for any loss or damage due to any reason. Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission.
You acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. You understand and agree that past results are not necessarily indicative of future performance.
Copyright © 2016-2021 - EA31337 Ltd - All Rights Reserved
Author & Publisher: kenorb at EA31337 Ltd.
Trading any financial market involves risk. All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.
NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market as well as in Futures Market and Options or in the Stock Market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading or in Trading Futures, Options or stocks, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.