ATR Trend Guard MT5: Dynamic EMA Crossover Expert Advisor with Integrated Risk Management
Info
The ATR Trend Guard MT5: Dynamic EMA Crossover Expert Advisor with Integrated Risk Management is a Expert Advisor for MetaTrader 5 that atr trendguard mt5 is a lightweight, fully compliant expert advisor designed for trend-following strategies across any currency pair or timeframe. Core Features- EMA Crossover Logic: Executes trades on bar close when the Fast EMA crosses the Slow EMA.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ATR Trend Guard MT5: Dynamic EMA Crossover Expert Advisor with Integrated Risk Management
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
ATR TrendGuard MT5 is a lightweight, fully compliant Expert Advisor designed for trend-following strategies across any currency pair or timeframe.
Typical Use Case
This Expert Advisor excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Supertrend Scalper with Breakeven Win Rate Panel - another powerful expert for MetaTrader 5 traders.
ATR TrendGuard MT5 is a lightweight, fully compliant Expert Advisor designed for trend-following strategies across any currency pair or timeframe.Also recommended: Prop Guard Lite: Daily and Max Loss Protection for Prop Firm Accounts - similar expert with strong performance on MetaTrader 5.
Core Features
- EMA Crossover Logic: Executes trades on bar close when the Fast EMA crosses the Slow EMA.
- ATR Volatility Protection: Stop Loss and Take Profit levels automatically adapt to current market volatility using ATR multipliers.
- Dynamic Risk Management: Calculates position lot sizes automatically based on user-defined account risk percentage (% per trade).
- Reliable Execution: Uses standard CTrade library with automatic filling mode detection and proper handle management.
Parameters
- InpRiskPercent: Account percentage to risk per trade (Set to 0 to use fixed lot size).
- InpFixedLotSize: Default lot size when percentage risk calculation is disabled.
- InpFastEMAPeriod: Period for the fast Exponential Moving Average (Default: 10).
- InpSlowEMAPeriod: Period for the slow Exponential Moving Average (Default: 20).
- InpATRPeriod: Period for Average True Range indicator (Default: 14).
- InpATRSLMultiplier: Stop Loss distance measured in ATR multiples (Default: 1.5).
- InpATRTPMultiplier: Take Profit distance measured in ATR multiples (Default: 3.0).
Recommended Setup
- Symbols: EURUSD, GBPUSD, XAUUSD
- Timeframe: H1 or H4
You may also like: Account Guard: EA Account Locking for MT5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#include <Trade\Trade.mqh>
input group "--- Risk & Trade Management ---"
input double InpRiskPercent = 1.0;
input double InpFixedLotSize = 0.01;
input ulong InpMagicNumber = 888123;
input ulong InpSlippage = 10;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.