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
Backtestd Expert
This MetaTrader 5 expert advisor provides a framework for testing and executing indicator-based strategies, specifically those aligned with the No Nonsense Forex methodology.
GitHub stars7
Forks5
Last update5 years ago24 Jun 2021
LicenceNone stated
Latest release1.25 years ago
Overview
Backtestd Expert allows users to define a baseline and a secondary confirmation indicator through external inputs. Trade management includes automated ATR-based stop loss and take profit levels, along with trailing stop functionality. The EA features risk management tools like position sizing based on account percentage and a scale-out option to secure partial profits. It incorporates advanced backtesting metrics such as CVaR and Value at Risk for performance evaluation.
- ATR-based stop loss and take profit multipliers
- Support for custom external confirmation indicators
- Partial position scale-out logic at target levels
- Advanced risk metrics including CVaR and Value at Risk
- Configurable baseline and signal expiration settings
Details
Author
stfl on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Breakout
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.
Input parameters
Read from backtestd-expert.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Expert_Title | string | backtestd-expert | Document name |
Expert_ProcessOnTimeLeft | int | 10 * 60 | Time in seconds to run before the candle closes |
Signal_Expiration | int | 1 | Expiration of pending orders (in bars) |
Backtest_ModeSelect | BACKTEST_MODE | Manual | Backtest Trading Preset |
Input_Backtest_Metric | CUSTOM_METRIC | Metric_CVaR | |
Backtest_Metric_VaR_Quantile | double | 0.8 | Quantile for VaR | CVaR |
Input_Money_ScaleOut | bool | true | Scale out | close half of the trade at a take profit level (usually Open+1xATR) |
Input_Money_AddTakeProfit | bool | true | set a TP on the trade |
Money_Risk | double | 0.2 | Risk per trade |
Money_StopLevel | double | 1.5 | Stop Loss level ATR multiplier |
Money_TakeLevel | double | 1.0 | Take Profit level ATR multiplier |
Input_Money_TrailingMode | TRAILING_MODE | ATRTrail | Trailing Stop Mode |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Money_TrailingStopATRLevel | double | 2.5 | Distance of the trailing stop ATR multiplier |
Algo_BaselineWait | int | 7 | candles for the baseline to wait for other indicators to catch up |
Confirm_Indicator | string | | Name of Confirmation Indicator to use |
Confirm_SignalClass | ENUM_SIGNAL_CLASS | Preset | Type|Class of Indicator |
Confirm_Shift | uint | 0 | Shift in Bars |
Confirm_input0 | double | 0. | Confirm input 0 |
Confirm_input1 | double | 0. | Confirm input 1 |
Confirm_input2 | double | 0. | Confirm input 2 |
Confirm_input3 | double | 0. | Confirm input 3 |
Confirm_input4 | double | 0. | Confirm input 4 |
Confirm_input5 | double | 0. | Confirm input 5 |
Confirm_input6 | double | 0. | Confirm input 6 |
Confirm_input7 | double | 0. | Confirm input 7 |
Confirm_input8 | double | 0. | Confirm input 8 |
Confirm_input9 | double | 0. | Confirm input 9 |
Confirm_input10 | double | 0. | Confirm input 10 |
Confirm_input11 | double | 0. | Confirm input 11 |
Confirm_input12 | double | 0. | Confirm input 12 |
Confirm_input13 | double | 0. | Confirm input 13 |
Confirm_input14 | double | 0. | Confirm input 14 |
Confirm_buffer0 | int | -1 | |
Confirm_buffer1 | int | -1 | |
Confirm_buffer2 | int | -1 | |
Confirm_buffer3 | int | -1 | |
Confirm_buffer4 | int | -1 | |
Confirm_param0 | double | 0. | |
Confirm_param1 | double | 0. | |
Confirm_param2 | double | 0. |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone stfl/backtestd-expert 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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