This MetaTrader 5 expert advisor focuses on XAUUSD using a multi-timeframe scalping approach based on Smart Money Concepts. It identifies institutional market structures by analyzing H4 trends, H1 supply and demand zones, and M5 entries. The logic incorporates order block detection, Fair Value Gaps (FVG), and liquidity
Trading robot · MT5
Alif BB RSI ADX MTFA
This MetaTrader 5 expert advisor utilizes a combination of Bollinger Bands, Relative Strength Index, and Average Directional Index to identify entries.
High risk
GitHub stars4
Forks0
Last update1 year ago13 Feb 2025
LicenceNone stated
Overview
Alif BB RSI ADX MTFA supports multi-timeframe analysis for trend confirmation and provides optional filters for Average True Range and price action patterns such as hammers. Risk management is handled through fixed lot sizes or account percentage scaling. The EA manages exits using standard deviation levels from Bollinger Bands and includes a trailing stop function. It is designed to trade multiple currency symbols simultaneously from a single chart.
- Multi-timeframe RSI analysis filter
- Dynamic exits using Bollinger Band standard deviations
- Hammer and Bearish Engulfing price action confirmation
- Integrated ATR and ADX trend filters
- Multi-symbol support from a single chart
Details
Author
umermhr on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Mean reversion, SMC / ICT / price action, Multi-strategy, Martingale
Markets
Forex
Timeframes
M15-H1, H4 and above
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from BB_RSI_ADX_PA_MTFA_MC.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EA_MagicNumber | ulong | 786005 | |
TradingCurrencies | string | EURGBP.sml,EURUSD.sml,AUDUSD.sml,GBPJPY.sml,USDJPY.sml,GBPUS | |
TimeFrame | ENUM_TIMEFRAMES | PERIOD_M5 | |
BBMAPeriod | int | 50 | |
BBStdEntry | double | 1.0 | |
RSIUpper | int | 70 | |
RSILower | int | 30 | |
RSIPeriod | int | 14 | |
BBStdProfitExit | double | 2.0 | |
BBStdLossExit | double | 5.0 | |
ApplyBarSince | bool | true | |
BarSince | int | 100 |
Show all 28 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Lot_Type | LotType | Risk_Percentage | |
MaxRiskPercentPerTrade | double | 10 | |
FixedLotSize | double | 0.01 | |
EnableTrail | bool | true | |
ATR_FilterOn | bool | false | |
ATR_MA_Period | int | 14 | |
ADX_FilterOn | bool | false | |
ADX_Period | int | 14 | |
ADX_Level | int | 25 | |
RSI_MFTA_FilterOn | bool | false | |
RSI_MFTA_TimeFrame | ENUM_TIMEFRAMES | PERIOD_H4 | |
RSI_MFTA_Period | int | 14 | |
RSI_MFTA_Upper | int | 70 | |
RSI_MFTA_Lower | int | 30 | |
Bullish_Confirmation | bool | false | |
Bearish_Confirmation | bool | false |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone umermhr/MT5-EA-BB-RSI-ADX-PA-MTFA-MC 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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