Ronin EA Source Code

This page gives you the Ronin EA free source code, the .mq5 file itself and not a compiled robot you have to trust. It is a hedging robot, and the file shows every rule it follows.

• Platform: MetaTrader 5, a single .mq5 file
• Strategy: hedging
• Price: free, a free account is all you need
• Licence: study it, edit it and, if you want, rebrand it

In short, you get exactly the file we publish, and therefore nothing stops you from rebuilding any part of it.

How the Ronin strategy works

Hedging holds a long and a short at the same time, so the pair of trades survives a move in either direction and the result depends on how each side is managed afterwards. The interesting code is therefore not the entry but the part that decides which leg to close.

The whole decision lives in one function, so you can follow it from the first condition to the order that gets sent.

What is inside the Ronin EA free source code file

• The hedge manager, where the robot decides when to open the opposite leg and which one to close.
• The risk block, with the lot sizing, the stop loss and the take profit.
• Finally, every input with its default value, so you can compare it against your own broker.

How to compile and run it

1. First, download the .mq5 file from the button at the end of this page.
2. Then open MetaEditor 5 from MetaTrader 5, with F4 or the editor button.
3. After that, save the file inside MQL5 and then Experts, and press Compile.
4. Finally, refresh the Navigator and drag Ronin onto a chart.
5. Run it on a demo account first, and read every input before you go live.

If the compiler complains, our guide on compiling MQL source covers the usual causes. In most cases it is simply a missing include or the wrong folder.

What you can change

Check first whether your broker allows hedging at all, since many accounts net the positions instead. After that, the distance that triggers the second leg is the input to study.

Before any of that, however, look at the risk block. After all, a good entry with the wrong lot size still empties an account, and therefore the sizing deserves the first pass rather than the last.

More robots like this one are in the grid and martingale source code, and the paid catalogue with documentation and support lives in the MT5 source code section. The idea behind hedging is explained well on this reference page.

Questions about the Ronin EA free source code

Which platform is it for? MetaTrader 5, one .mq5 file with no dependencies to hunt down.

Can I run it on several pairs? Attach it to one chart per pair and give each one its own magic number.

Can I change the logic? That is the whole idea. The entry and the exit sit in separate functions.

Is there support? The free library comes as it is. The paid catalogue is the one that ships with documentation.

Download the Ronin EA free source code

The file below is the complete .mq5. First of all, create a free account or log in. Then download it and, finally, open it in MetaEditor 5.