by 
This MetaTrader 5 expert advisor is designed for scalping gold on the M1 timeframe. It features a versatile strategy engine capable of toggling between breakout and mean-reversion modes based on market conditions. The system manages trades using ATR-based trailing stops, break-even adjustments, and time-based exits. Ri
Trading robot · MT5
Donchian Channel MT5 EA
This MetaTrader 5 expert advisor trades multi-timeframe Donchian Channel breakouts and reversals.
GitHub stars1
Forks0
Last update11 days ago28 Oct 2026
LicenceMIT
Overview
Donchian Channel MT5 EA monitors up to four timeframes simultaneously in real time and enters orders when current price reaches Donchian channel boundaries across a user-defined confluence threshold. Traded logic can be configured for trend-following breakouts or mean-reversion bounces. Position risk is managed through fixed stop loss, take profit, and lot sizing parameters. Additionally, it features a shared basket money management system that enforces daily circuit breakers based on maximum dollar profit or loss targets across multiple asset instances.
- Multi-timeframe Donchian channel touch detection
- Breakout and mean-reversion execution modes
- Configurable timeframe confluence threshold
- Shared basket daily profit and loss circuit breaker
- On-chart visual dashboard and signal arrows
Details
Author
MuhammadHassanC on GitHub
Type
Trading robot
Platform
Strategy
Markets
Forex
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 Donchian_Channel_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpSep1 | string | ══════════════════════════ | ══ Core Strategy Settings ══ |
Strategy_Mode | ENUM_STRATEGY_MODE | SameDirection | Strategy Mode |
Confirm_Directions | int | 3 | Confirm Directions (1-4) |
Timeframe_1 | ENUM_TIMEFRAMES | PERIOD_M5 | Timeframe 1 |
Timeframe_2 | ENUM_TIMEFRAMES | PERIOD_M15 | Timeframe 2 |
Timeframe_3 | ENUM_TIMEFRAMES | PERIOD_M30 | Timeframe 3 |
Timeframe_4 | ENUM_TIMEFRAMES | PERIOD_H1 | Timeframe 4 |
Period_of_Channel | int | 50 | Period of the Channel |
Showprice_of_the_Level | bool | true | Show Price of the Level |
LotSize | double | 1.25 | Lot Size |
TP_Pips | int | 40 | Take Profit (Pips) |
SL_Pips | int | 40 | Stop Loss (Pips) |
Show all 21 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Magic_Number | int | 32134 | Magic Number |
Comment_Text | string | | Comment |
InpSep2 | string | ══════════════════════════ | ══ Basket Management ══ |
Enable_Basket_Floating_PL | bool | true | Enable Basket Floating P/L |
Basket_ID | int | 1 | Basket ID |
Max_Basket_Loss_USD | double | 1000 | Max Basket Loss (USD) [0=Disabled] |
Max_Basket_Profit_USD | double | 2000 | Max Basket Profit (USD) [0=Disabled] |
Lock_Trading_After_Target | bool | true | Lock Trading After Target |
Reset_Daily_Lock | bool | false | Reset Daily Lock (Manual) |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone MuhammadHassanC/MT5-Donchain-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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