Big Candle Middle Entry EA identifies significant price movements by comparing candle size against an Average True Range multiplier. Upon detecting a large candle, the robot places both buy stop and sell stop orders at the candle's midpoint. When one order is triggered, the opposite order is cancelled. Trade management includes a fixed dollar-based stop loss and a trailing stop mechanism that activates after reaching a specific profit threshold.
Read from BigCandleMiddleEA_v6-1.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
ATRMultiplier
double
1.2
Big candle size (ATR x this)
ATRPeriod
int
14
ATR period
LotSize
double
0.01
SL_Dollars
double
1.0
SL in USD ($1)
TrailStartDollars
double
1.0
Trail kab start ($1 profit ke baad)
TrailStepDollars
double
1.0
Trail step ($1)
MagicNumber
int
777006
Slippage
int
30
PrintLogs
bool
true
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone humayukhan64-creator/XAUSD-MT5-bot 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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