Elliott Wave Trendline Robot Collect…: Free MT5 Expert Advisor

Overview

The system identifies trendline breaks on the H4 timeframe and uses H1 and M15 intervals for entry confirmation. It employs RSI filters for divergence detection and volume spike analysis to validate breakouts. Risk management includes multi-stage take-profit targets based on Fibonacci ratios, break-even logic, and trailing stops that adjust according to wave progression. The repository includes several versions targeting the EURUSD pair and specialized price action scripts.

H4 trendline breakout detection

Multi-timeframe entry confirmation

Elliott Wave based trailing stops

Fibonacci partial close levels

RSI and volume filters

Details

Author

samanbalahang on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Breakout, SMC / ICT / price action, Multi-strategy

Markets

Forex

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.

EA files

About 11 expert advisors in this repository. See them all on GitHub.

Source

github.com/samanbalahang/mt5

Input parameters

Read from ElliottWaveRobot2.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`SECTION1`	`string`	`=== TRENDLINE DETECTION SETTINGS ===`
`LookbackPeriod`	`int`	`150`	تعداد کندل‌های بررسی
`SwingPointsLookback`	`int`	`60`	تعداد کندل برای یافتن سوینگ‌ها
`MinTrendlineAngle`	`double`	`8.0`	حداقل زاویه خط روند (درجه)
`BreakoutConfirmationBars`	`int`	`2`	کندل‌های تأیید شکست
`BreakoutThreshold`	`double`	`0.0008`	حداقل شکست (8 پیپ)
`VolumeSpikeFactor`	`double`	`1.3`	ضریب افزایش حج?
`SECTION2`	`string`	`=== RSI SETTINGS ===`
`RSI_Period`	`int`	`14`	دوره RSI
`RSI_Overbought`	`double`	`65.0`	سطح اشباع خرید
`RSI_Oversold`	`double`	`35.0`	سطح اشباع فروش
`UseRSIConfirmation`	`bool`	`true`	فعال کردن فیلتر RSI

Show all 40 inputs

Name	Type	Default	Description
`RSI_Lookback`	`int`	`20`	بررسی برای واگرایی
`SECTION3`	`string`	`=== MULTI-TIMEFRAME SETTINGS ===`
`UseH1_Confirmation`	`bool`	`true`	تایید در تای?
`UseM15_Entry`	`bool`	`true`	ورود در تای?
`MaxWaitForEntry`	`int`	`12`	حداکثر انتظار برای ورود (ساعت)
`EntryZoneWidth`	`double`	`5.0`	عرض ناحیه ورود (پیپ)
`SECTION4`	`string`	`=== FIBONACCI SETTINGS ===`
`UseMultipleTPs`	`bool`	`true`	استفاده از چندین TP
`Fibo_TP1`	`double`	`0.236`	TP اول (23.6%)
`Fibo_TP2`	`double`	`0.382`	TP دو?
`Fibo_TP3`	`double`	`0.618`	TP سو?
`Fibo_TP4`	`double`	`1.0`	TP چهار?
`TP1_Percentage`	`double`	`30`	درصد حج?
`TP2_Percentage`	`double`	`30`	درصد حج?
`TP3_Percentage`	`double`	`25`	درصد حج?
`TP4_Percentage`	`double`	`15`	درصد حج?
`SECTION5`	`string`	`=== ELLIOTT WAVE & TRAILING SETTINGS ===`
`UseElliottWaveDetection`	`bool`	`true`	تشخیص ا?
`UseWaveTrailing`	`bool`	`true`	تریلینگ بر اساس الیوت
`Wave1_TrailPercent`	`double`	`30`	درصد ?
`Wave3_TrailPercent`	`double`	`50`	درصد ?
`Wave5_TrailPercent`	`double`	`70`	درصد ?
`MinWaveBarsForTrail`	`int`	`5`	حداقل کندل برای تشکیل ?
`BreakevenPercent`	`double`	`50`	درصد ریسک برای بریک ایون (50%)
`UseH1_FiboTrailing`	`bool`	`true`	تریل فیبوناچی در H1
`SECTION6`	`string`	`=== M15 ENTRY & STOP LOSS SETTINGS ===`
`M15_RSI_Period`	`int`	`9`	RSI سریع برای M15
`M15_RSI_Entry`	`double`	`40`	سطح RSI برای ورود در پولبک

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone samanbalahang/mt5 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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