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
Candle Pattern Breakout
This MetaTrader 5 expert advisor executes a breakout strategy based on specific three-day candlestick patterns.
GitHub stars6
Forks1
Last update3 months ago7 Jun 2026
LicenceNone stated
Overview
Candle Pattern Breakout identifies sequences of 'Up' or 'Down' days to trigger pending orders above or below the previous day's range. The EA manages entries using Buy Stop and Sell Stop orders with a configurable liquidity distance to filter false signals. Risk management is handled through fixed lot sizes, explicit stop losses, and take profit levels derived from reward-to-risk ratios. It includes an expiration feature that cancels pending orders if the trend fails to materialize within a set timeframe.
- Daily high and low breakout logic
- Three-day candlestick pattern filters
- Configurable liquidity distance offsets
- Reward-to-risk ratio based take profit
- Automatic pending order expiration
Details
Author
handiko on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout, Trend following
Markets
Forex
Timeframes
H4 and above
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.
Topics
algorithmic-tradingmql5mql5-strategytrading-algorithmstrading-strategies
Input parameters
Read from Candle Pattern Breakout - USDJPY.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpExpirationHours | int | 60 | Expiration Hours |
InpLot | double | 1.0 | Lot (fixed) |
InpPendingDist1 | int | 200 | Liquidity Distance (points) |
InpPattern1 | ENUM_CANDLE_PATTERN | UDD | Candle Pattern |
InpRewardToRisk1 | double | 1.4 | Reward to Risk Ratio |
InpStopLoss1 | int | 850 | StopLoss (points) |
InpPendingDist2 | int | 250 | Liquidity Distance (points) |
InpPattern2 | ENUM_CANDLE_PATTERN | UDD | Candle Pattern |
InpRewardToRisk2 | double | 0.8 | Reward to Risk Ratio |
InpStopLoss2 | int | 450 | StopLoss (points) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone handiko/Trading-Strategy-Development-Example 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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