EA31337 is an open-source automated trading system written in MQL.
It is an expert advisor (EA) for algorithmic and automated trading on the Forex markets.
The project aims to implement various technical analysis strategies and custom indicators for building trading systems.
It provides a framework to develop, test, and automate trading strategies.
It uses features of MetaTrader 4 and 5 such as the built-in MQL programming language, backtesting, optimization, and automation for running trading robots.
EA31337 is highly customizable and editable so traders can experiment with different combinations of technical indicators, risk management rules, money management plans, etc.
It is an ongoing open-source project on GitHub allowing community contributions and enhancements from coders and traders.
The source code is compatible with MQL4 and MQL5 and can run on MetaTrader 4 and 5.
So in summary, it is free middleware for building and executing automated algorithmic trading systems on Metatrader platform without needing to code everything from scratch. It is popular among retail traders and coding enthusiasts for researching and deploying automated forex trading strategies.
This open-source project is freely available for education and research purposes.
While EA algorithm aims to detect optimal market conditions for entries, no automated process can be perfect or account for evolving future conditions.
We strongly recommend taking time to backtest thoroughly first across different scenarios, and demo trade for several weeks (do not rush), to deeply understand understand functionality and performance before risking any capital. Caution is advised when forward testing or going live, as past results are no guarantee of future performance.
Trading performance can vary substantially based on the selection of trading instruments, account funding and leverage, brokerage conditions, account type, prevailing spreads, and overall market volatility.
Therefore realistic expectations are important. If you are looking for guaranteed, quick returns without effort, this project is not for you - and you are unlikely to find that anywhere.
To utilize this project efficiently, some investment of time is required to fully understand the logic, strategies, and customization options. Thoughtful effort spent learning can provide the knowledge to employ it successfully as part of a wise trading approach.
There are no "magic button" solutions in trading. However, with sensible goals, hard work educating yourself, and risk management awareness - tools like this can assist skilled traders in developing their own methodologies. We invite you to explore the possibilities through self-directed research and simulated testing.
Ongoing development continues to enhance EA's logic across long time horizons, but no automated system can be perfect or complete. There are always improvements to make and market dynamics shift over time.
Time invested understanding this tool can provide the knowledge to combine validated concepts with your own evolving methodology when deploying for live trading.
The most successful traders put in significant work to educate themselves on using tools like this properly. Testing and learning never stops. Technical skills, risk management, and realistic expectations are key.
Effort and wisdom in application can aid skilled traders in combining validated concepts with their own evolving strategies.
We aim to provide transparency and support education, and not to promise easy profits.
The work required is up to the individual - as is the responsibility for results.
It is up to traders to apply, analyze, backtest, refine, and automate their own defined strategies.
We simply provide this project in good faith to support experienced traders on their ongoing journeys.
Please read these recommended guidelines:
- Invest time in understanding functionality before use. Test thoroughly.
- Demo trade any new configuration for weeks before going live.
- Rigorously backtest parameter changes prior to committing capital.
- Choose a broker with steady, low spreads and no trade interventions.
- Start small to evaluate performance holistically, then size wisely.
- Closely monitor account with spreads above 2 pip spreads or high volatility.
- Use a broker permitting micro lots and hedged positions.
- Beware spreads widening and high volatility during Forex news events.
- Run on a VPS (Virtual Private Server) for reliable 24/7 operation.
- Ensure a stable, high-quality internet connection with low latency. Slow network or short disruptions may significantly impact the performance.
- Allow auto-position sizing to organically increase with account growth.
- Stick to major and liquid symbols (e.g. EURUSD, EURGBP).
- Do not increase any lot size or risk criteria if your tradings are going well.
- While running on live, keep monitoring your account (e.g. for any warnings/errors in the logs).
- Stay patient for opportunities matching strategy conditions.
Documentation can be found at the wiki page.
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.
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.
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.
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.
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.
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.
For the trading purposes, any timeframe can be used since EA reads data from multiple timeframes independently from the current chart.
Compiled binaries can be downloaded from GitHub's Release page.
For installation steps, refer to Installation wiki page.
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.
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.
This project utilizes the following sub-projects:
- For help, open a new discussion to ask questions.
- For bugs/features, raise a new issue at GitHub.
- Join our Telegram channel for news and discussion group for help.
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.
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 © 2016-2024 - 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.
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