Dow Homma Scalper Pro: Free MT5 Expert Advisor

Overview

Dow Homma Scalper Pro executes trades based on Dow Theory, Homma price action candlestick patterns (such as engulfing, hammer, and shooting star formations), and support/resistance zones. The system uses an M15 bias timeframe filter to identify market direction while entering on an M1 timeframe. To control risk, the expert advisor features partial take-profits across three targets, ATR-based stop losses, trailing stops, break-even functionality, and daily maximum drawdown limits. It also includes an integrated MT5 economic calendar news filter and spread controls.

Combines Dow Theory with Homma price action candlestick patterns

Multi-timeframe analysis using M15 bias and M1 entry

Dynamic risk management with three partial take-profit targets

Built-in MT5 economic calendar news filter and spread controls

Details

Author

mugash4 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Trend following

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

DowHommaScalperPro.mq5

Source

github.com/mugash4/DowHommaScalperPro

Input Parameters

Read from DowHommaScalperPro.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`TP1Percent`	`double`	`30.0`
`TP2Percent`	`double`	`50.0`
`TP3Percent`	`double`	`20.0`
`UseMT5CalendarNews`	`bool`	`true`
`NewsBlockBeforeMinutes`	`int`	`30`
`NewsBlockAfterMinutes`	`int`	`30`
`TradingMode`	`ENUM_TRADING_MODE`	`MODE_NORMAL`
`BaseRiskPercent`	`double`	`2.0`
`ContestRiskPercent`	`double`	`5.0`
`DailyMaxLossPercent`	`double`	`20.0`
`EnableDynamicRisk`	`bool`	`true`
`EnableBreakEven`	`bool`	`true`

Show all 30 inputs

Name	Type	Default
`EnableTrailingStop`	`bool`	`true`
`EnablePartialTakeProfit`	`bool`	`true`
`TP1_ClosePercent`	`double`	`30.0`
`TP2_ClosePercent`	`double`	`50.0`
`TP3_ClosePercent`	`double`	`20.0`
`MinimumRR`	`double`	`2.0`
`PreferredRR`	`double`	`3.0`
`EnableSpreadFilter`	`bool`	`true`
`MaxSpreadPoints`	`int`	`50`
`EnableNewsFilter`	`bool`	`true`
`EnableBiasFilter`	`bool`	`true`
`BiasTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M15`
`EntryTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M1`
`SwingLeftBars`	`int`	`3`
`SwingRightBars`	`int`	`3`
`ATRPeriod`	`int`	`14`
`ATRStopMultiplier`	`double`	`0.5`
`EnableDashboard`	`bool`	`true`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone mugash4/DowHommaScalperPro 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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