EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di
Trading robot · MT5
3 Bar Play EA
This expert advisor for MetaTrader 5 automates trades based on the recognition of a specific three-bar candlestick formation.
GitHub stars1
Forks1
Last update4 years ago4 Feb 2022
LicenceNone stated
Overview
3 Bar Play EA looks for a small middle bar, termed a baby bar, flanked by larger outer bars to identify entry points. The system incorporates an Exponential Moving Average to filter trend direction and allows users to configure the relationship between bar sizes and engulfing conditions. Trade management includes fixed stop loss and take profit settings, as well as a bar interval threshold to prevent overtrading.
- Three-bar candlestick pattern recognition
- Exponential Moving Average trend filter
- Customizable bar size ratios
- Fixed stop loss and take profit levels
Details
Author
i7657043 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from 3BarPlay.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
stopLossPrice | bool | false | Set StopLoss at bottom of baby red bar |
stopLoss | int | 64 | Stop Loss |
takeProfit | int | 113 | Take Profit |
barIntervalThreshold | int | 6 | Bar Trade interval |
babyBarOverallSizeArg | double | 2 | Outer bars must be X times the size of the baby bar |
outerBoundaryThreshold | double | 5 | Lower number = tighter outer boundaries |
takePositionThreshold | double | 2 | Enter after price = final bar close + X points |
babyRedEnglufed | bool | false | Baby red bar cant be totally engulfed by either Green bar |
outerBarsEngulfed | bool | false | Baby red bar wick shoudln't engulf either outer green bar body |
makeShortTrades | bool | false | Make short trades as well as longs |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone i7657043/MT5EA_Bot from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
Similar expert advisors
Gold Trader EA is a multi-strategy expert advisor designed for trading XAUUSD on the MetaTrader 5 platform. It employs a fusion engine that combines up to 14 different technical analysis methods, including candlestick patterns, chart patterns, price action, and institutional levels. The system requires a user-defined n
This MetaTrader 5 expert advisor implements Smart Money Concepts including Order Blocks, Fair Value Gaps, and Break of Structure entries. It features an automated mode that combines multiple strategies alongside market regime detection using ADX or Efficiency Ratio to ensure trading in trending conditions. Risk managem
This MetaTrader 5 expert advisor implements a multi-strategy framework based on Smart Money Concepts. It identifies fractal-based liquidity sweeps, order blocks, and Fibonacci zones across multiple timeframes, typically using H4 for trend direction and M15 for execution. The EA includes an optional machine learning fil
This automated trading system for MetaTrader 5 focuses on spot Gold using Inner Circle Trader methodology. It identifies entries through order block detection, market structure analysis, and weekly opening price levels. The strategy is further filtered by dual moving averages and specific trading sessions, primarily Lo
Fvg Gold EA is an automated trading robot for MetaTrader 5 designed specifically for the gold market. It utilizes institutional trading concepts by identifying high-probability Fair Value Gaps with Order Block confluence. The system employs a scoring algorithm to evaluate trade quality based on displacement, gap size,
Need a broker for MT5?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers