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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
Algorithmic Gambling EA
This MetaTrader 5 expert advisor is designed for EURUSD trading using moving average crossovers and candlestick pattern detection.
GitHub stars1
Forks1
Last update1 year ago15 Jun 2025
LicenceNone stated
Overview
Algorithmic Gambling EA features a scalping mode and dynamic stop loss and take profit calculations that can optionally account for market volatility. Risk is controlled through fixed USD profit and loss targets, trailing stops, and a limit on the number of open trades per session. The repository includes multiple versions ranging from simplified to aggressive configurations, alongside a basic news filter.
- Moving average crossover logic
- Dynamic volatility-based exit levels
- Candlestick pattern recognition filters
- Scalping mode functionality
- Integrated news currency filter
Details
Author
phumlani-mbabela on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Indicator crossover, Scalping
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 AlgorithmicGamblingEA-Insights.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
UseEAInAutoMode | bool | true | Use EA in Active Mode. |
BarsToWaitPriorTrading | int | 10 | Number of bars to wait before trading |
InpFastPeriod | int | 4 | Fast period. |
InpSlowPeriod | int | 7 | Slow period. |
InpLotSize | double | 0.33 | Lot size. |
InpTakeProfitUSD | int | 10.0 | Take Profit in USD. |
InpStopLossUSD | int | 10.0 | Stop Loss in USD. |
InpStopLossAdjustment | double | 0.00001 | Stop Loss Adjustment. |
InpTakeProfitAdjustment | double | 0.00001 | Take Profit Adjustment. |
InpMagicNumber | ulong | 820607 | Magic Number. |
CalculateDynamicTP_SL | bool | true | Calculate Dynamic TP SL |
CalculateDynamicTP_SL_Steps | double | 0.1 | Calculate Dynamic TP SL Steps |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
FactorVolatilityIn_TP_SL_Calculation | bool | false | Factor Volatility In TP/SL Calculations |
MaxOpenTradesPerSession | int | 1 | Max open trades per session. |
CrossOverFastSlowDistanceTollerance | double | 0.00010 | Crossover Fast vs Slow Distance Tollerance |
FastSlowDistanceTollerance | double | 0.00015 | Fast vs Slow Distance Tollerance |
CloseWhenProfitGreaterThan | double | 10.0 | Close When Profit Greater Than |
CloseWhenLossGreaterThan | double | -10.0 | Close When Loss Greater Than |
InpRequestDeviationInPoints | ulong | 10.0 | InpRequest Deviation In Points |
SESSION_PERIOD_RESOLUTION | ENUM_TIMEFRAMES | PERIOD_M1 | Session Period |
BEBUG_BOT | bool | true | BEBUG_BOT mode |
fastThreshold | double | 0.00110 | Fast Threshold speed classification |
slowThreshold | double | 0.00011 | Slow Threshold speed classification |
EnableSpeedThreshold | bool | true | Enable Speed Threshold |
CrossoverPredictionCandles | int | 1 | Crossover prediction candles. |
BullBearRunCandleDepth | int | 3 | BullBearRunCandleDepth |
BullRunCandleCount | int | 2 | BullRunCandleCount |
BearRunCandleCount | int | 2 | BearRunCandleCount |
IgnoreDetectMAConvergence | bool | true | IgnoreDetectMAConvergence |
IgnoreDetectMAConvergenceTollerrance | double | 0.000100 | IgnoreDetectMAConvergenceTollerrance |
EnableScalpingMode | bool | true | EnableScalpingMode |
IgnoreCandleStickPremonition | bool | false | IgnoreCandleStickPremonition |
StickEntryCutoffPipsize | double | 4.0 | StickEntryCutoffPipsize |
GoodBadTradesInThePastNCandlesticks | int | 1 | GoodBadTradesInThePastNCandlesticks |
InpCrossReferenceTimePeriod | string | M1,M5,M15,M30,H1,H4,D1,W1,MN | InpCrossReferenceTimePeriod "M1,M5,M15,M30,H1,H4,D1,W1,MN" |
HoursAhead | int | 24 | |
MinutesBeforeAlert | int | 5 | |
NewsCurrency | string | USD | Filter e.g. "USD", "EUR" |
HighImpactOnly | bool | true | |
AutoRefreshInterval_Minutes | int | 10 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone phumlani-mbabela/AlgorithmicGambling 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, and any .mqh files into the Include folder the code expects.
- 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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