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.
Read from Scalp Killer.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpUseDynamicLot
bool
true
InpRiskPercent
double
1.5
InpFixedLotSize
double
0.01
InpMaxPositions
int
3
InpUsePartialTP
bool
true
InpStructureLookback
int
100
S/R Lookback window
InpATRPeriod
int
14
Period for Volatility Math
InpTimeoutBars
int
30
Max bars to wait for retest before stale
InpFastEMA
int
50
Base macro direction anchor
InpSlowEMA
int
200
Base macro direction anchor
InpCrocImageFile
string
crocodile.bmp
Name of your image in MQL5/Images
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone mafabatho0470-code/Elite-Specialist-v11 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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