This MetaTrader 5 expert advisor focuses on XAUUSD using a multi-timeframe scalping approach based on Smart Money Concepts. It identifies institutional market structures by analyzing H4 trends, H1 supply and demand zones, and M5 entries. The logic incorporates order block detection, Fair Value Gaps (FVG), and liquidity
Trading robot ยท MT5
DC Fib2O MT5 Bot
This Expert Advisor for MetaTrader 5 automates a strategy based on Fibonacci retracements following a Break of Structure or Change of Character.
GitHub stars2
Forks0
Last update1 year ago1 Dec 2024
LicenceMIT
Latest release1.051 year ago
Overview
DC Fib2O MT5 Bot identifies market structure shifts and places two separate pending orders: a trend-following stop order and a reversal limit order targeting liquidity runs. The EA calculates exits using fixed reward-to-risk ratios and specific Fibonacci levels. Risk management features include configurable lot sizing and a mechanism that adjusts the second order's stop loss if the first order is stopped out. It is designed for various instruments including forex and synthetic indices.
- Automatic BOS and CHoCH detection
- Dual entry system with stop and limit orders
- Fibonacci-based entry and exit levels
- Reward-to-risk ratio based take profit
- Automated stop loss adjustment logic
Details
Author
sournk on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action, Mean reversion
Markets
Forex, Indices
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.
EA files
Input parameters
Read from DC-Fib2O-MT5-Bot.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Inp_FIB_MD_Mode | ENUM_FIB2OBOT_MODE | FIB2OBOT_MODE_SWING_SWING | FIB_MD: Mode |
Inp_FIB_TF | ENUM_TIMEFRAMES | PERIOD_H1 | FIB_TF: Timeframe to detect BOS/CHoCH and Fibo |
Inp_FIB_STP_EPL_StopEPLevel | double | 0.764 | FIB_STP_EPL: STOP order EP Level |
Inp_FIB_STP_SLL_StopSLLevel | double | 0.236 | FIB_STP_SLL: STOP order SL Level |
Inp_FIB_LIM_EPL_LimitEPLevel | double | 0.764 | FIB_LIM_EPL: LIMIT order EP Level |
Inp_FIB_LIM_SLL_LimitSLLevel | double | 100.0 | FIB_LIM_SLL: LIMIT order SL Level |
Inp_FIB_COL_BUY_Color_Buy | color | clrDarkGreen | FIB_COL_BUY: Color Buy |
Inp_FIB_COL_SELL_Color_Sell | color | clrCrimson | FIB_COL_SELL: Color Sell |
Inp_ENT_STP_RR_Stop_RR | double | 1.0 | ENT_STP_RR: STOP Order TP RR |
Inp_ENT_LIM_RR1_Limit_RR1 | double | 5.0 | ENT_LIM_RR1: LIMIT Order TP RR |
Inp_ENT_ORD_DEL_Order_Delete | bool | true | ENT_ORD_DEL: Delete orders when Fibo's updated |
Inp_ENT_MMT_MoneyManagmentType | ENUM_MM_TYPE | ENUM_MM_TYPE_FIXED_LOT | ENT_MMT: Money Management Type |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Inp_ENT_MMV_MoneyManagmentValue | double | 0.01 | ENT_MMV: Money Management Value |
Inp_MS_MGC | ulong | 20241120 | MSC_MGC: Expert Adviser ID - Magic |
Inp_MS_EGP | string | DCFIB | MSC_EGP: Expert Adviser Global Prefix |
Inp_MS_LOG_LL | LogLevel | LogLevel(WARN) | MSC_LOG_LL: Log Level |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone sournk/DC-Fib2O-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, 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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