Trade Bot mt5 by Ethaneriah

Creating an advanced Forex trading algorithm that incorporates all available
trading strategies, manages risk effectively, and operates autonomously on a

platform like Exness is a highly complex task. Such a bot would need to be
capable of technical analysis, fundamental analysis, sentiment analysis, and
more, while also adhering to strict risk management protocols.
However, I can provide you with a conceptual framework for a simple Python
trading bot that uses a basic moving average crossover strategy as an
example. This bot will not be fully functional or ready for live trading, but it
can serve as a starting point for further development. Please note that this is
a simplified example for educational purposes only.
```python
Import MetaTrader5 as mt5
Import pandas as pd
# Your MetaTrader 5 credentials and parameters
Login_info = {
“login”: YOUR_LOGIN, # replace with your login
“password”: YOUR_PASSWORD, # replace with your password
“server”: YOUR_SERVER # replace with your server
# Establish connection to MetaTrader 5
If not mt5.initialize(**login_info):
Print(“initialize() failed, error code =”, mt5.last_error())
Quit()
# Define trading parameters

Symbol = “EURUSD”
Lot_size = 0.01 # Adjust based on your capital and risk preference
Fast_ma_period = 10
Slow_ma_period = 50
Risk_per_trade = 0.01 # Risk 1% of the account per trade
Take_profit = 10 # Take profit in pips
Stop_loss = 10 # Stop loss in pips
# Define a function to get the latest prices
Def get_prices(symbol, timeframe, n_periods):
Rates = mt5.copy_rates_from_pos(symbol, timeframe, 0, n_periods)
Df = pd.DataFrame(rates)
Df[‘time’] = pd.to_datetime(df[‘time’], unit=’s’)
Return df
# Define a function to execute a trade
Def execute_trade(action, symbol, lot_size, take_profit, stop_loss):
# ... (implementation of trade execution with take profit and stop loss)
Pass
# Main trading logic
Def main():
While True:
Prices = get_prices(symbol, mt5.TIMEFRAME_M1, max(fast_ma_period,

slow_ma_period) + 1)
Prices[‘fast_ma’] =
prices[‘close’].rolling(window=fast_ma_period).mean()
Prices[‘slow_ma’] =
prices[‘close’].rolling(window=slow_ma_period).mean()
Current_fast_ma = prices[‘fast_ma’].iloc[-1]
Current_slow_ma = prices[‘slow_ma’].iloc[-1]
# Check for a buy signal
If current_fast_ma > current_slow_ma:
Print(“Buy signal detected”)
Execute_trade(“buy”, symbol, lot_size, take_profit, stop_loss)
# Check for a sell signal
Elif current_fast_ma < current_slow_ma:
Print(“Sell signal detected”)
Execute_trade(“sell”, symbol, lot_size, take_profit, stop_loss)
# Sleep for a while before checking again
Time.sleep(60)
If __name__ == “__main__”:
Main()
# Shut down the MT5 connection
Mt5.shutdown()
```
This script is a basic template and does not include the full implementation
needed for live trading. It lacks the complete functions for executing trades
with proper risk management, handling multiple positions, and adapting to
different market structures. Developing such a bot requires a deep
understanding of the Forex market, trading strategies, risk management, and
programming.
For a fully functional bot, you would need to integrate real-time data feeds,
implement various trading strategies, set up a comprehensive risk
management system, and ensure compliance with the broker’s API and
trading conditions. It’s highly recommended to work with a professional
developer or a financial advisor if you’re not familiar with these concepts.
Additionally, always test your bot in a demo environment before considering
live trading.
Source: Conversation with Bing, 27/03/2024
(1) 8 Forex Trading Strategies for 2024 – Admirals.

https://admiralmarkets.com/education/articles/forex-strategy/best-forex-
trading-strategies-that-work.
(2) Top 8 Forex Trading Strategies and their Pros and Cons – DailyFX.
https://www.dailyfx.com/education/find-your-trading-style/top-forex-trading-
strategies.html.
(3) What Is Risk Management? – BabyPips.com.

https://www.babypips.com/learn/forex/what-is-risk-management.
(4) Forex Trading Strategies – What’s the Best FX Strategy? – FOREX.com.

https://www.forex.com/en/trading-academy/courses/mastering-forex/forex-
trading-strategies/.
(5) Understanding Forex Risk Management – Investopedia.

https://www.investopedia.com/articles/forex/10/forex-risk-management.asp.
(6) 10 Tips for Forex Trading Beginners – FOREX.com US.

https://www.forex.com/en-us/trading-academy/courses/how-to-trade/tips-for-
beginners-forex/.
(7) Risk Management in Forex Trading: A Comprehensive Definition and
Guide. https://www.forex.academy/risk-management-in-forex-trading-a-
comprehensive-definition-and-guide/.
(8) Risk Management in Forex Trading Explained – TheTradingBible.com.

https://thetradingbible.com/risk-management-in-forex-trading.
(9) Machine Learning for Algorithmic Trading in Python: A Complete Guide.

https://blog.quantinsti.com/trading-using-machine-learning-python/.
(10) Algorithmic Trading Using Python – Full Course – YouTube.

https://www.youtube.com/watch?v=xfzGZB4HhEE.
(11) Algorithmic trading from A to Z using Python | Udemy.

https://www.udemy.com/course/algorithmic-trading-from-a-to-z-using-
python/.
(12) Getting Started with Forex Trading Using Python – GitHub.

https://github.com/PacktPublishing/Getting-Started-with-Forex-Trading-Using-
Python.
(13) Python for Finance Tutorial: Algorithmic Trading | DataCamp.

https://www.datacamp.com/tutorial/finance-python-trading.
(14) The Exness Partnership API – Partners Help Center.

https://get.exnessaffiliates.help/hc/en-us/articles/360023817591-The-Exness-
Partnership-API.
(15) API – Partners Help Center.

https://get.exnessaffiliates.help/hc/en-us/sections/360003697291-API.
(16) API – Exness Trading – Medium. https://medium.com/exness-trading-

business-unit/tagged/api.
(17) undefined. https://www.exnessaffiliates.com.
(18) undefined. https://my.exnessaffiliates.com/api/schema/.

Trade Bot mt5 by Ethaneriah

Uploaded by

Copyright:

Available Formats

Trade Bot mt5 by Ethaneriah

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Trade Bot mt5 by Ethaneriah

Uploaded by

Copyright:

Available Formats

Creating an advanced Forex trading algorithm that incorporates all available

trading strategies, manages risk effectively, and operates autonomously on a

Import MetaTrader5 as mt5

# Your MetaTrader 5 credentials and parameters

“login”: YOUR_LOGIN, # replace with your login

“password”: YOUR_PASSWORD, # replace with your password

“server”: YOUR_SERVER # replace with your server

# Establish connection to MetaTrader 5

Print(“initialize() failed, error code =”, mt5.last_error())

# Define trading parameters

Lot_size = 0.01 # Adjust based on your capital and risk preference

Risk_per_trade = 0.01 # Risk 1% of the account per trade

Take_profit = 10 # Take profit in pips

Stop_loss = 10 # Stop loss in pips

# Define a function to get the latest prices

Def get_prices(symbol, timeframe, n_periods):

Rates = mt5.copy_rates_from_pos(symbol, timeframe, 0, n_periods)

Df[‘time’] = pd.to_datetime(df[‘time’], unit=’s’)

# Define a function to execute a trade

Def execute_trade(action, symbol, lot_size, take_profit, stop_loss):

# Main trading logic

Prices = get_prices(symbol, mt5.TIMEFRAME_M1, max(fast_ma_period,

# Check for a buy signal

If current_fast_ma > current_slow_ma:

Print(“Buy signal detected”)

Execute_trade(“buy”, symbol, lot_size, take_profit, stop_loss)

# Check for a sell signal

Elif current_fast_ma < current_slow_ma:

Print(“Sell signal detected”)

Execute_trade(“sell”, symbol, lot_size, take_profit, stop_loss)

# Sleep for a while before checking again

# Shut down the MT5 connection

Source: Conversation with Bing, 27/03/2024

(1) 8 Forex Trading Strategies for 2024 – Admirals.

(3) What Is Risk Management? – BabyPips.com.

(4) Forex Trading Strategies – What’s the Best FX Strategy? – FOREX.com.

(5) Understanding Forex Risk Management – Investopedia.

(6) 10 Tips for Forex Trading Beginners – FOREX.com US.

(8) Risk Management in Forex Trading Explained – TheTradingBible.com.

(9) Machine Learning for Algorithmic Trading in Python: A Complete Guide.

(10) Algorithmic Trading Using Python – Full Course – YouTube.

(11) Algorithmic trading from A to Z using Python | Udemy.

(12) Getting Started with Forex Trading Using Python – GitHub.

(13) Python for Finance Tutorial: Algorithmic Trading | DataCamp.

(14) The Exness Partnership API – Partners Help Center.

(15) API – Partners Help Center.

(16) API – Exness Trading – Medium. https://medium.com/exness-trading-

(17) undefined. https://www.exnessaffiliates.com.

(18) undefined. https://my.exnessaffiliates.com/api/schema/.

You might also like