Elephant Walk: Free MT5 Expert Advisor

Overview

Elephant Walk automates entries using moving average crossovers and price action patterns often associated with large bars or elephant candles. The EA provides extensive trade management options, including trailing stops, break-even adjustments, and the ability to set stop losses based on previous candle extremes. Risk controls include daily financial limits for both profit and loss, alongside support for three-stage partial closes to scale out of positions. It also includes session-based time filtering.

Three-stage partial profit taking

Daily financial risk management

Dynamic trailing and break-even stops

Previous candle high-low stop placement

Details

Author

erlonfs on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Indicator crossover, SMC / ICT / price action

Markets

Any symbol

Timeframes

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

elephant-walk.mq5

Topics

metatradermetatrader5robottrading-bottrading-strategiestrading-algorithms

Source

github.com/erlonfs/elephant-walk.bad-robot

Input parameters

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

Name	Type	Default	Description
`Secao1`	`string`	`###############`	### Definições Básicas ###
`HoraInicio`	`string`	`00:00`	Hora de início de execução da estratégia
`HoraFim`	`string`	`00:00`	Hora de término de execução da estratégia
`HoraInicioIntervalo`	`string`	`00:00`	Hora de início intervalo de execução da estratégia
`HoraFimIntervalo`	`string`	`00:00`	Hora de término intervalo de execução da estratégia
`FecharPosition`	`ENUM_LOGIC`	`0`	Fechar posições ao término de horario de execução?
`Volume`	`double`	`0`	Volume
`TipoUltimoPreco`	`ENUM_LAST_PRICE_TYPE`	`0`	Tipo de referência do ultimo preço
`Spread`	`int`	`0`	Spread para entrada na operação em ticks
`Secao2`	`string`	`###############`	### Alvos ###
`StopGainEmTicks`	`int`	`0`	Stop Gain em ticks
`StopLossEmTicks`	`int`	`0`	Stop Loss em ticks

Show all 40 inputs

Name	Type	Default	Description
`Secao3`	`string`	`###############`	### Gerenciamento de Stop ###
`IsStopNoCandleAnterior`	`ENUM_LOGIC`	`0`	Stop na máxima/ mínima do candle anterior?
`SpreadStopNoCandleAnterior`	`int`	`0`	Spread utilizado no ajuste em ticks
`WaitBreakEvenExecuted`	`ENUM_LOGIC`	`0`	Aguardar execução do break even?
`IsPeridoPersonalizadoStopNoCandleAnterior`	`ENUM_LOGIC`	`0`	Utilizar período personalizado?
`PeridoStopNoCandleAnterior`	`ENUM_TIMEFRAMES`	`0`	Período personalizado
`Secao4`	`string`	`###############`	### Trailing Stop ###
`IsTrailingStop`	`ENUM_LOGIC`	`0`	Ativar Trailing Stop?
`TrailingStopInicio`	`int`	`0`	Valor de inicio em ticks
`TrailingStop`	`int`	`0`	Valor de Ajuste do Trailing Stop em ticks
`Secao5`	`string`	`###############`	### Break-Even ###
`IsBreakEven`	`ENUM_LOGIC`	`0`	Ativar Break-Even?
`BreakEven`	`int`	`0`	Valor do break-even, zero é o ponto inicial em ticks
`BreakEvenInicio`	`int`	`0`	Valor de inicio em ticks
`Secao6`	`string`	`###############`	### Financeiro ###
`IsGerenciamentoFinanceiro`	`ENUM_LOGIC`	`0`	Ativar Gerenciamento Financeiro?
`MaximoLucroDiario`	`double`	`0`	Lucro máximo no dia
`MaximoPrejuizoDiario`	`double`	`0`	Prejuízo máximo no dia
`Secao7`	`string`	`###############`	### Realização de Parcial ###
`IsParcial`	`ENUM_LOGIC`	`0`	Ativar saída parcial?
`PrimeiraParcialVolume`	`double`	`0`	Volume da 1ª saída parcial
`PrimeiraParcialInicio`	`int`	`0`	Valor de inicio da 1ª saída parcial em ticks
`SegundaParcialVolume`	`double`	`0`	Volume da 2ª saída parcial
`SegundaParcialInicio`	`int`	`0`	Valor de inicio da 2ª saída parcial em ticks
`TerceiraParcialVolume`	`double`	`0`	Volume da 3ª saída parcial
`TerceiraParcialInicio`	`int`	`0`	Valor de inicio da 3ª saída parcial em ticks
`Secao8`	`string`	`###############`	### Indicadores ###
`SubSecao1`	`string`	`###############`	Cruzamento de Medias Moveis

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone erlonfs/elephant-walk.bad-robot 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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