Scalpflip EA is an automated scalping robot for MetaTrader 5 that utilizes a multi-layered technical analysis approach. It offers three entry modes: trend-following, mean-reversion, and a smart mode that selects the strategy based on current market conditions. The system filters trades using the Relative Strength Index
Trading robot · MT5
Advanced Multi Currency Scalper
Advanced Multi Currency Scalper is a MetaTrader 5 robot designed to monitor and trade multiple forex pairs simultaneously from a single instance.
GitHub stars10
Forks2
Last update5 years ago13 Feb 2021
LicenceNone stated
Overview
The strategy is based on Bollinger Bands, using period and deviation settings to identify potential entry points. Each currency pair is managed independently with its own set of risk controls, including dedicated stop loss, take profit, and a trailing stop mechanism. It executes trades using fixed lot sizing. The repository is intended as a modular framework for developers to build more complex portfolio management systems, with the code structured to handle specific parameters for at least six distinct pairs.
- Simultaneous multi-currency trading
- Bollinger Bands signal logic
- Independent per-pair risk settings
- Adjustable trailing stop and step
Details
Author
terencebeauj on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Scalping, Mean reversion
Markets
Forex
Timeframes
M1-M5, M15-H1
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 MC_BB_03.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TradeSymbols | string | GBPUSD.r|AUDCAD.r|AUDJPY.r|AUDNZD.r|AUDUSD.r|EURUSD.r | Symbol(s) or ALL or CURRENT |
BBandsPeriods | int | 20 | Bollinger Bands Periods |
BBandsDeviations | double | 1.0 | Bollinger Bands Deviations |
my_magic_number | long | 666 | |
my_slippage | int | — | |
my_volume | double | 0.01 | |
my_sl_buy_01 | unsigned int | — | |
my_tp_buy_01 | unsigned int | — | |
my_sl_sell_01 | unsigned int | — | |
my_tp_sell_01 | unsigned int | — | |
TrailStopBuy_01 | double | 100 | |
TrailStepBuy_01 | double | 50 |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
TrailStopSell_01 | double | 100 | |
TrailStepSell_01 | double | 50 | |
my_sl_buy_02 | unsigned int | — | |
my_tp_buy_02 | unsigned int | — | |
my_sl_sell_02 | unsigned int | — | |
my_tp_sell_02 | unsigned int | — | |
TrailStopBuy_02 | double | 100 | |
TrailStepBuy_02 | double | 50 | |
TrailStopSell_02 | double | 100 | |
TrailStepSell_02 | double | 50 | |
my_sl_buy_03 | unsigned int | — | |
my_tp_buy_03 | unsigned int | — | |
my_sl_sell_03 | unsigned int | — | |
my_tp_sell_03 | unsigned int | — | |
TrailStopBuy_03 | double | 100 | |
TrailStepBuy_03 | double | 50 | |
TrailStopSell_03 | double | 100 | |
TrailStepSell_03 | double | 50 | |
my_sl_buy_04 | unsigned int | — | |
my_tp_buy_04 | unsigned int | — | |
my_sl_sell_04 | unsigned int | — | |
my_tp_sell_04 | unsigned int | — | |
TrailStopBuy_04 | double | 100 | |
TrailStepBuy_04 | double | 50 | |
TrailStopSell_04 | double | 100 | |
TrailStepSell_04 | double | 50 | |
my_sl_buy_05 | unsigned int | — | |
my_tp_buy_05 | unsigned int | — |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone terencebeauj/advanced_multi_currency_scalper 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.
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