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Trading robot · MT5
EMA Engulfing Expert Advisor
This MetaTrader 5 expert advisor combines technical indicators with price action to automate trading decisions.
GitHub stars2
Forks0
Last update1 year ago4 Sep 2025
LicenceMIT
Overview
EMA Engulfing Expert Advisor incorporates five individual strategies including EMA crossovers, candlestick engulfing patterns, and support or resistance breakouts. The system is specifically calibrated for the 30-minute timeframe and executes dual positions to manage risk-to-reward ratios effectively. Features include a dynamic spread management tool to filter high-volatility periods, automated breakeven adjustments, and trend-based filtering. The EA manages trade volume through margin-checked lot sizing or fixed minimum lot options.
- Multi-strategy engulfing pattern detection
- Support and resistance breakout logic
- Dynamic spread and volatility filtering
- Automated breakeven and dual-target exits
- Adjustable margin-based lot sizing
Details
Author
Doc-Scripter on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Indicator crossover, Breakout, Mean reversion, Multi-strategy
Markets
Forex
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
Input parameters
Read from Strategy1_EMA_Crossover_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lot_Size | double | 1.0 | Entry lot size (used if LotSizing_Mode=DYNAMIC_MARGIN_CHECK) |
Use_Trend_Filter | bool | false | Enable/Disable the main Trend Filter |
LotSizing_Mode | ENUM_LOT_SIZING_MODE | DYNAMIC_MARGIN_CHECK | Lot sizing strategy |
BreakevenTriggerPips | int | 0 | Pips in profit to trigger breakeven (0=disabled) |
Use_Breakeven_Logic | bool | true | Enable/Disable automatic breakeven adjustment |
Historical_Candles | int | 100 | Number of historical candles to check for engulfing patterns |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Doc-Scripter/mt5-expert-advisor 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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