Jolly Roger EA Version
Info
The Jolly Roger EA Version is a Expert Advisor for MetaTrader 5 that the expert advisor operates using a single indicator on the m5 timeframe with lots ranging from 5 to 15. Trading is executed with consistent parameters.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
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 Jolly Roger EA Version
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
The Expert Advisor operates using a single indicator on the M5 timeframe with lots ranging from 5 to 15.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis 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: multi time frame trader - another powerful expert for MetaTrader 5 traders.
The Expert Advisor operates using a single indicator on the M5 timeframe with lots ranging from 5 to 15. Trading is executed with consistent parameters.Also recommended: Divergence Trader Expert Advisor - similar expert with strong performance on MetaTrader 5.
Fig. 1. Pirat's Expert Advisor Trading Results at the Automated Trading Championship 2026
Fig. 2. Test Results for the period of the Automated Trading Championship 2026
Fig. 3. Test Results for the period of the Automated Trading Championship 2026
Fig. 4. Test Results for the period of the Automated Trading Championship 2026
Note:
This Expert Advisor is suggested for use as a foundation for developing your custom strategy.
You may also like: expert rs i stochastic ma - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.07"
input int tp = 150; // take profit
input int sl = 50; // stop loss
input int rsiperiod = 14; // rsi period
input int rsilevel = 30; // rsi level
mqltraderequest request;
mqltraderesult result;
int rsihandle;.......
⚠ 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.