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
Backwater EA
Backwater EA is a MetaTrader 5 expert advisor that automates trading based on Smart Money Concepts, specifically focusing on Fair Value Gaps and Inversion Fair Value Gaps.
GitHub stars2
Forks1
Last update1 year ago29 Jan 2025
LicenceNone stated
Overview
The robot monitors price action and market structure to identify entries, filtering signals using a 50-period and 200-period Simple Moving Average crossover for trend direction. It employs standard risk controls including fixed lot sizes and user-defined stop loss and take profit levels in pips. The repository documentation is minimal, providing only basic logic descriptions.
- Fair Value Gap and IFVG detection
- Macro trend filtering via SMA crossover
- Configurable stop loss and take profit
- Market structure and price action logic
Details
Author
HERO-FIIFI on GitHub
Type
Trading robot
Platform
Strategy
SMC / ICT / price action, Indicator crossover
Markets
Any symbol
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 BackWater.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
LotSize | double | 0.1 | |
FVG_Lookback | int | 20 | Lookback period for FVG detection |
Min_FVG_Size | double | 5 | Minimum gap size in pips |
StopLoss | int | 20 | SL in pips |
TakeProfit | int | 50 | TP in pips |
Timeframe | ENUM_TIMEFRAMES | PERIOD_M5 | Execution timeframe |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone HERO-FIIFI/Backwater-EA 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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