Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
Trading robot · MT5
Alligator and Fractals EA
This MetaTrader 5 expert advisor implements a technical trading strategy based on the Bill Williams Alligator indicator and Bill Williams Fractals.
GitHub stars1
Forks0
Last update2 years ago2 Jul 2024
LicenceNone stated
Overview
Alligator and Fractals EA also incorporates a 50-period Exponential Moving Average for additional trend filtering. The robot enters trades based on price action relative to these indicators, specifically monitoring fractal highs and lows on the 15-minute timeframe. Risk management includes hardcoded stop loss and take profit levels with a fixed lot size. The repository lacks a README and provides minimal user-configurable input parameters.
- Bill Williams Alligator indicator integration
- Fractal high and low signal detection
- 50-period Exponential Moving Average filter
- Hardcoded risk management parameters
Details
Author
arian01Xx on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Breakout
Markets
Forex
Timeframes
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 ThreeProjectIDK.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
magic | int | 11 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone arian01Xx/alligatorAndFractalsEA 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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