Trading robot · MT5

Elite Specialist V11

by mafabatho0470-code

This MetaTrader 5 expert advisor automates an institutional-style breakout-retest strategy.

GitHub stars1
Forks1
Last update2 months ago10 Jul 2026
LicenceNone stated

Overview

Elite Specialist V11 identifies structural high and low points within a defined lookback window and waits for a breakout followed by a confirmed pullback to the broken level. The EA utilizes a 50 and 200 EMA trend filter and ADX for momentum verification. Risk controls include ATR-based stop losses, take profits, and a partial close feature. A notable safety mechanism is the timeout engine, which cancels pending setup logic if a retest does not occur within a set number of bars.

Details

Author

mafabatho0470-code on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, Trend following, SMC / ICT / price action

Markets

Forex, Gold, Indices, Crypto

Timeframes

M15-H1, 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.

Input parameters

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

NameTypeDefaultDescription
InpUseDynamicLotbooltrue
InpRiskPercentdouble1.5
InpFixedLotSizedouble0.01
InpMaxPositionsint3
InpUsePartialTPbooltrue
InpStructureLookbackint100S/R Lookback window
InpATRPeriodint14Period for Volatility Math
InpTimeoutBarsint30Max bars to wait for retest before stale
InpFastEMAint50Base macro direction anchor
InpSlowEMAint200Base macro direction anchor
InpCrocImageFilestringcrocodile.bmpName of your image in MQL5/Images

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone mafabatho0470-code/Elite-Specialist-v11 from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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