MQL5 Automated Trading Strategy: Hub Guide to All EA Types

This hub page covers the full spectrum of MQL5 automated trading strategies, from trend-following and mean-reversion EAs to grid, scalping, and multi-timeframe systems. Whether you are building your first Expert Advisor or scaling a professional trading robot, this guide maps every EA archetype to its core logic and MQL5 implementation pattern.

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Strategy Logic

Entry Conditions

Entry logic varies by EA archetype: trend EAs enter on moving average crossovers or breakouts confirmed by momentum indicators such as MACD or ADX; mean-reversion EAs enter when price deviates beyond a Bollinger Band or RSI extreme. Grid and scalping EAs place orders at fixed price intervals or on micro-structure signals like spread compression and tick velocity.

Exit Conditions

Exit logic is equally archetype-specific: trend EAs close on counter-signal or trailing stop breach; mean-reversion EAs target a fixed return-to-mean distance with a hard stop beyond the outer band. Grid systems close the full basket when cumulative profit reaches a threshold, while scalping EAs use tight fixed take-profit and stop-loss levels measured in points.

MQL5 Expert Advisor Code

//+------------------------------------------------------------------+
//|  MQL5 Automated Trading Hub — Dual MA Crossover EA               |
//|  Demonstrates the canonical OnInit / OnTick / OnDeinit pattern   |
//|  suitable as a starting template for any trend-following EA.      |
//|                                                                    |
//|  DISCLAIMER: For educational purposes only. Past performance       |
//|  does not guarantee future results. Always test on a demo account.|
//+------------------------------------------------------------------+
#property copyright "Pineify.app"
#property version   "1.00"
#property strict

//--- Input parameters
input int    FastMAPeriod   = 20;          // Fast MA period
input int    SlowMAPeriod   = 50;          // Slow MA period
input ENUM_MA_METHOD MAMethod = MODE_EMA;  // MA smoothing method
input double LotSize        = 0.10;        // Trade volume in lots
input int    StopLossPips   = 80;          // Stop-loss in pips
input int    TakeProfitPips = 160;         // Take-profit in pips
input int    MagicNumber    = 20240001;    // Unique EA identifier
input string TradeComment   = "HubEA";    // Order comment

//--- Global handles and state
int    g_fastHandle  = INVALID_HANDLE;
int    g_slowHandle  = INVALID_HANDLE;
double g_pipSize     = 0.0;
bool   g_tradeAllowed = false;

//+------------------------------------------------------------------+
//| Expert initialisation                                             |
//+------------------------------------------------------------------+
int OnInit()
  {
   //--- Validate periods
   if(FastMAPeriod >= SlowMAPeriod)
     {
      Print("ERROR: FastMAPeriod must be less than SlowMAPeriod.");
      return(INIT_PARAMETERS_INCORRECT);
     }

   //--- Create indicator handles
   g_fastHandle = iMA(_Symbol, PERIOD_CURRENT, FastMAPeriod, 0, MAMethod, PRICE_CLOSE);
   g_slowHandle = iMA(_Symbol, PERIOD_CURRENT, SlowMAPeriod, 0, MAMethod, PRICE_CLOSE);

   if(g_fastHandle == INVALID_HANDLE || g_slowHandle == INVALID_HANDLE)
     {
      Print("ERROR: Failed to create MA handles.");
      return(INIT_FAILED);
     }

   //--- Calculate pip size (handles 3/5-digit brokers)
   int digits = (int)SymbolInfoInteger(_Symbol, SYMBOL_DIGITS);
   g_pipSize  = (digits == 3 || digits == 5)
                ? SymbolInfoDouble(_Symbol, SYMBOL_POINT) * 10.0
                : SymbolInfoDouble(_Symbol, SYMBOL_POINT);

   g_tradeAllowed = true;
   Print("Hub EA initialised on ", _Symbol, " | FastMA=", FastMAPeriod, " SlowMA=", SlowMAPeriod);
   return(INIT_SUCCEEDED);
  }

//+------------------------------------------------------------------+
//| Expert tick handler                                               |
//+------------------------------------------------------------------+
void OnTick()
  {
   if(!g_tradeAllowed) return;

   //--- Only act on the close of a new bar to avoid multiple entries
   static datetime s_lastBarTime = 0;
   datetime currentBarTime = (datetime)SeriesInfoInteger(_Symbol, PERIOD_CURRENT, SERIES_LASTBAR_DATE);
   if(currentBarTime == s_lastBarTime) return;
   s_lastBarTime = currentBarTime;

   //--- Copy MA buffers (need 2 values to detect crossover)
   double fastMA[], slowMA[];
   ArraySetAsSeries(fastMA, true);
   ArraySetAsSeries(slowMA, true);

   if(CopyBuffer(g_fastHandle, 0, 0, 3, fastMA) < 3) return;
   if(CopyBuffer(g_slowHandle, 0, 0, 3, slowMA) < 3) return;

   //--- Detect crossover
   bool bullCross = (fastMA[1] > slowMA[1]) && (fastMA[2] <= slowMA[2]);
   bool bearCross = (fastMA[1] < slowMA[1]) && (fastMA[2] >= slowMA[2]);

   //--- Count existing positions for this EA
   int buyCount  = CountPositions(POSITION_TYPE_BUY);
   int sellCount = CountPositions(POSITION_TYPE_SELL);

   //--- Close opposite positions on crossover before opening new one
   if(bullCross && sellCount > 0)  CloseAllPositions(POSITION_TYPE_SELL);
   if(bearCross && buyCount  > 0)  CloseAllPositions(POSITION_TYPE_BUY);

   //--- Open new position if none exists in signal direction
   if(bullCross && buyCount == 0)
      OpenPosition(ORDER_TYPE_BUY);
   else if(bearCross && sellCount == 0)
      OpenPosition(ORDER_TYPE_SELL);
  }

//+------------------------------------------------------------------+
//| Expert deinitialization                                           |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
  {
   if(g_fastHandle != INVALID_HANDLE) IndicatorRelease(g_fastHandle);
   if(g_slowHandle != INVALID_HANDLE) IndicatorRelease(g_slowHandle);
   g_tradeAllowed = false;
   PrintFormat("Hub EA removed. Reason code: %d", reason);
  }

//+------------------------------------------------------------------+
//| Open a buy or sell position with SL/TP                           |
//+------------------------------------------------------------------+
void OpenPosition(ENUM_ORDER_TYPE orderType)
  {
   MqlTradeRequest request = {};
   MqlTradeResult  result  = {};

   double ask = SymbolInfoDouble(_Symbol, SYMBOL_ASK);
   double bid = SymbolInfoDouble(_Symbol, SYMBOL_BID);
   double sl, tp;

   if(orderType == ORDER_TYPE_BUY)
     {
      sl = NormalizeDouble(ask - StopLossPips   * g_pipSize, _Digits);
      tp = NormalizeDouble(ask + TakeProfitPips * g_pipSize, _Digits);
      request.price = ask;
     }
   else
     {
      sl = NormalizeDouble(bid + StopLossPips   * g_pipSize, _Digits);
      tp = NormalizeDouble(bid - TakeProfitPips * g_pipSize, _Digits);
      request.price = bid;
     }

   request.action    = TRADE_ACTION_DEAL;
   request.symbol    = _Symbol;
   request.volume    = LotSize;
   request.type      = orderType;
   request.sl        = sl;
   request.tp        = tp;
   request.magic     = MagicNumber;
   request.comment   = TradeComment;
   request.type_filling = ORDER_FILLING_IOC;

   if(!OrderSend(request, result))
      PrintFormat("OrderSend failed. Error: %d | Retcode: %d", GetLastError(), result.retcode);
   else
      PrintFormat("Position opened: %s | Ticket: %d | Price: %.5f | SL: %.5f | TP: %.5f",
                  EnumToString(orderType), result.order, result.price, sl, tp);
  }

//+------------------------------------------------------------------+
//| Count open positions by direction for this EA                     |
//+------------------------------------------------------------------+
int CountPositions(ENUM_POSITION_TYPE posType)
  {
   int count = 0;
   for(int i = PositionsTotal() - 1; i >= 0; i--)
     {
      ulong ticket = PositionGetTicket(i);
      if(ticket == 0) continue;
      if(PositionGetString(POSITION_SYMBOL)           != _Symbol)    continue;
      if((long)PositionGetInteger(POSITION_MAGIC)     != MagicNumber) continue;
      if((ENUM_POSITION_TYPE)PositionGetInteger(POSITION_TYPE) == posType)
         count++;
     }
   return count;
  }

//+------------------------------------------------------------------+
//| Close all positions of a given direction for this EA             |
//+------------------------------------------------------------------+
void CloseAllPositions(ENUM_POSITION_TYPE posType)
  {
   for(int i = PositionsTotal() - 1; i >= 0; i--)
     {
      ulong ticket = PositionGetTicket(i);
      if(ticket == 0) continue;
      if(PositionGetString(POSITION_SYMBOL)           != _Symbol)    continue;
      if((long)PositionGetInteger(POSITION_MAGIC)     != MagicNumber) continue;
      if((ENUM_POSITION_TYPE)PositionGetInteger(POSITION_TYPE) != posType) continue;

      MqlTradeRequest request = {};
      MqlTradeResult  result  = {};
      request.action = TRADE_ACTION_DEAL;
      request.symbol = _Symbol;
      request.volume = PositionGetDouble(POSITION_VOLUME);
      request.type   = (posType == POSITION_TYPE_BUY) ? ORDER_TYPE_SELL : ORDER_TYPE_BUY;
      request.price  = (posType == POSITION_TYPE_BUY)
                       ? SymbolInfoDouble(_Symbol, SYMBOL_BID)
                       : SymbolInfoDouble(_Symbol, SYMBOL_ASK);
      request.position      = ticket;
      request.magic         = MagicNumber;
      request.comment       = TradeComment + "_close";
      request.type_filling  = ORDER_FILLING_IOC;

      if(!OrderSend(request, result))
         PrintFormat("Close failed for ticket %d. Error: %d", ticket, GetLastError());
     }
  }
//+------------------------------------------------------------------+

Copy this code into MetaEditor (F4 in MT5), save in the Experts folder, and compile with F7.

Generate a Custom Multi-pair Hub EA →

Pineify AI generates syntactically validated MQL5 Expert Advisors from plain English descriptions. Customize entry logic, risk management, and trading sessions — no coding required.

Pine Script vs MQL5: Same Strategy, Different Platforms

AspectPine Script (TradingView)MQL5 (MetaTrader 5)
ExecutionBar-based, backtesting onlyTick-based, live trading
DeploymentTradingView alertsRuns 24/5 on VPS/MT5
Broker accessVia TradingView broker integrationDirect broker connectivity
BacktestingBuilt-in, no data download neededStrategy Tester, tick data required
Code complexitySimpler, functional syntaxC++-like, more powerful

Pineify supports both platforms. Prototype your strategy visually in TradingView Pine Script, then generate the equivalent MQL5 EA for live MT5 trading.

Frequently Asked Questions

Related MQL5 Expert Advisors