by 
Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
Trading robot · MT5
Experienced FX Trader
This collection of Expert Advisors for MetaTrader 5 provides high-frequency scalping and multi-strategy automated trading across multiple currency pairs.
GitHub stars1
Forks2
Last update11 months ago14 Nov 2025
LicenceNone stated
Overview
The robots utilize a signal scoring system based on moving average crossovers, RSI momentum, Bollinger Band breakouts, and MACD signals. The suite includes a dedicated scalper optimized for M1 and M5 timeframes with tight stops and a multi-symbol version that manages up to eight pairs simultaneously. Risk management features include per-symbol position limits, a maximum floating equity percentage filter, and hard stop losses.
- Multi-symbol portfolio trading for up to eight pairs
- High-frequency scalping mode for M1 and M5 timeframes
- Indicator-based signal scoring system
- Floating equity risk and daily drawdown protection
- Integrated price momentum and breakout detection filters
Details
Author
simonokwundue-ops on GitHub
Type
Trading robot
Platform
Strategy
Scalping, Breakout, Indicator crossover, Trend following, Hedging
Markets
Forex
Timeframes
M1-M5, M15-H1
Risk Profile
- Holds opposite positions at once
EA Files
- MQL5/Experts/ForexTrader_v3.2_Scalper_Production.mq5
- MQL5/Experts/ForexTrader_v3.2_MultiStrategy_Production.mq5
- MQL5/Experts/ForexTrader_v3_MultiStrategy_Production.mq5
- MQL5/Experts/ForexTrader_v2_MultiStrategy.mq5
- MQL5/Experts/ForexTrader_v3_Production.mq5
- MQL5/Experts/ForexTrader_EA Base Version.mq5
- MQL5/Experts/ForexTrader_v1.2_ Tuned By User.mq5
- MQL5/Experts/QuantumForexTrader/QuantumForexTrader_Scalper.mq5
Input Parameters
Read from ForexTrader_v3.2_Scalper_Production.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TradeMultipleSymbols | bool | true | Enable Multi-Symbol Trading |
TradingSymbols | string | EURUSD,GBPUSD,USDJPY,AUDUSD | High-Liquidity Symbols Only |
MaxPositionsPerSymbol | int | 3 | Max Positions Per Symbol (Scalping) |
AllowHedging | bool | true | Allow Opposite Directions Per Symbol |
MaxTotalPositions | int | 8 | Max Total Positions (Higher for scalping) |
MaxFloatingEquityPercent | double | 5.0 | Max Floating Equity Risk (%) |
UseMAStrategy | bool | true | Use Fast MA Crossover |
UseRSIStrategy | bool | true | Use RSI Momentum |
UseBBStrategy | bool | true | Use BB Squeeze/Breakout |
UseMACDStrategy | bool | true | Use MACD Momentum |
UseMomentumFilter | bool | true | Use Price Momentum Filter |
UseBreakoutDetection | bool | true | Use Breakout Detection |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
MinSignalScore | int | 20 | Minimum Signal Score (Lower for scalping) |
UseMultiTimeframe | bool | false | Disable for scalping (faster) |
TimeFrame1 | ENUM_TIMEFRAMES | PERIOD_M1 | Fast Timeframe (M1) |
TimeFrame2 | ENUM_TIMEFRAMES | PERIOD_M5 | Medium Timeframe (M5) |
TimeFrame3 | ENUM_TIMEFRAMES | PERIOD_M15 | Slow Timeframe (M15) |
MinTFConfirmation | int | 2 | Min Timeframes for Signal (1-3) |
FastMA_Period | int | 5 | Fast MA Period (Very fast for scalping) |
SlowMA_Period | int | 20 | Slow MA Period (Quick reference) |
MA_Method | ENUM_MA_METHOD | MODE_EMA | MA Method (EMA recommended) |
MA_Price | ENUM_APPLIED_PRICE | PRICE_CLOSE | MA Applied Price |
MA_SlopeMinimum | double | 2.0 | Min MA Slope (Pips) - Lower for scalping |
RSI_Period | int | 14 | RSI Period |
RSI_Oversold | double | 30.0 | RSI Oversold Level |
RSI_Overbought | double | 70.0 | RSI Overbought Level |
RSI_Price | ENUM_APPLIED_PRICE | PRICE_CLOSE | RSI Applied Price |
BB_Period | int | 20 | BB Period |
BB_Deviation | double | 2.0 | BB Standard Deviation |
BB_AppliedPrice | ENUM_APPLIED_PRICE | PRICE_CLOSE | BB Applied Price |
MACD_FastEMA | int | 12 | MACD Fast EMA |
MACD_SlowEMA | int | 26 | MACD Slow EMA |
MACD_Signal | int | 9 | MACD Signal Period |
MACD_Price | ENUM_APPLIED_PRICE | PRICE_CLOSE | MACD Applied Price |
UseADXFilter | bool | false | Disable ADX for scalping (too slow) |
ADX_Period | int | 14 | ADX Period |
ADX_Minimum | double | 15.0 | Minimum ADX Level (Lower) |
UseATRFilter | bool | true | Use ATR Volatility Filter |
ATR_Period | int | 14 | ATR Period |
ATR_MinimumPips | double | 3.0 | Minimum ATR (Pips) - Lower for scalping |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone simonokwundue-ops/Experienced-FX-Trader 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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