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EA31337

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Introduction

EA31337 is a free and open-source Forex autonomous trading robot designed for the MetaTrader 4 and 5 (MT4/MT5) platforms.

About the project

EA31337 provides a comprehensive framework for traders to develop, test, and automate their trading strategies.

It leverages the capabilities of MetaTrader platforms, including the MQL programming language, backtesting, optimization, and automation features for executing trading robots.

The aim of the project is to implement a wide array of technical analysis strategies and custom indicators, facilitating the development of robust trading systems.

Read more: About.

Features

See: Features.

Best practises

See: Best practices.

Key Best Practices

See: Best practices.

Important Considerations Before Use

See: IMPORTANT NOTES.

Documentation and usage

Documentation can be found at the wiki page.

Customization

The default parameters are optimized for EURUSD symbol pair. However, there are many adjustable inputs allowing customization across symbols.

These configuration options are documented on Input parameters wiki page. Modifications can optimize performance for alternate currency pairs when rigorously backtested.

We strongly advise thorough demo testing or backtesting before attempting live trading with new settings. Each symbol and broker combination can behave differently. Optimize parameter changes carefully based on evidence from extensive simulations across diverse market conditions.

Live execution should only be considered once the risk-adjusted profile proves robust during demo trading or backtesting. Please trade live at your own risk, only with full confidence in the strategy's integrity across settings, brokers, and pairs based on your own rigorous testing.

SET files

The SET files represent the best performing input values found during pre-release optimization testing.

The EA ships already with optimized parameter files tailored specifically for EURUSD trading. These SET files represent the best performing input values found during pre-release optimization testing.

Each release could have slightly different parameters, so don't mix old SET files between different releases.

Please use the SET files included with your downloaded release package rather than older versions. Optimization is performed before major updates, so parameters evolve across releases to adapt to changing market dynamics.

Key Capabilities

This expert advisor provides a wide range of integrated trading functionality:

  • Numerous Strategies: Choose from dozens of pre-built algorithmic trading strategies across various timeframes and technical indicators.
  • Risk Controls: Configure price and trade stop limits along with customizable filters for opening or closing trades based on market conditions.
  • Tunable Parameters: Fine-tune behaviors by adjusting dozens of input settings for elements like risk limits, position sizing, indicators, and more.

Filtering System

The unique filtering system offers precise control over trade entry and exit timing. Filters can be configured around account metrics, chart data, market volatility, active orders, indicators like Moving Averages or RSI, and more.

You are free to customize these filters using Advanced version of EA.

Risk Management

Intelligent trade management utilizes indicators and rules to determine ideal times to take profits or close losing positions. The dynamic price stop system aids risk mitigation in rapidly moving markets.

Strategies

Each EA's strategy includes self-contained algorithms that analyze the markets using popular technical indicators across multiple timeframes. Traders can mix-and-match strategies or code custom logic taking advantage of included functions and events.

You are free to write your own custom strategies.

Timeframe

For the trading purposes, any timeframe can be used since EA reads data from multiple timeframes independently from the current chart.

Downloads

Releases

Compiled binaries can be downloaded from GitHub's Release page.

For installation steps, refer to Installation wiki page.

Compilation

To download the source code along with all dependencies, use the following Git command:

git clone --branch master --recursive https://github.com/EA31337/EA31337.git

After cloning, place the EA31337 directory into the Experts folder located in your MetaTrader platform's MQL directory.

For more detailed compilation steps, refer to Compilation wiki page.

Testing

Backtesting & optimization

It is recommended to use MetaTrader 5 platform for backtesting and optimization.

Backtesting is the process of evaluating a trading strategy by applying it to historical market data. It allows traders to simulate how a strategy might have performed in the past across many market conditions.

Optimization takes this one step further by systematically tweaking a strategy's parameters to determine which configurations may have produced the best historical results. The goal is to fine-tune inputs related to elements like risk, position sizing and strategy params to maximize a given performance metric.

By combining an automated strategy with backtesting and optimization, traders can rigorously analyze huge amounts of market data efficiently. This provides statistical insights to build conviction in the strategy's edge while finding optimal inputs without putting capital at risk.

Please be aware that backtesting cannot reliabily simulate the future outcome.

The backtesting for MT4 has been documented at Backtesting using MT4 wiki page.

Related projects

This project utilizes the following sub-projects:

Support

Social

Legal

License

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).

Terms of Use

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.

Use of EA31337 trading robot serves as your acknowledgement and representation that you have read and understand these TERMS OF USE and that you agree to be bound by such Terms of Use ("License Agreement").

Copyright information

Copyright © 2016-2024 - EA31337 Ltd - All Rights Reserved

Author & Publisher: kenorb at EA31337 Ltd.

Disclaimer and Risk Warnings

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.

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