FG Scalping Pro: Free MT5 Expert Advisor

Overview

FG Scalping Pro combines exponential moving average crossovers with RSI momentum and Bollinger Band volatility filters to execute trades. The EA manages risk through dynamic ATR-based stop loss and take profit levels, a trailing stop algorithm, and partial profit taking. It includes a visual dashboard, daily loss protection, and market phase detection to adjust parameters based on volatility. The strategy is primarily designed for major currency pairs on the fifteen-minute timeframe.

Multi-indicator entry using EMA, RSI, and Bollinger Bands

Dynamic ATR-based stop loss and take profit

Built-in visual dashboard for real-time monitoring

Daily loss protection and volatility filtering

Details

Author

FaizGusion00 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Indicator crossover, Mean reversion, Trend following

Markets

Forex

Timeframes

M1-M5, 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

FG_ScalpingPro_EA.mq5

Source

github.com/FaizGusion00/ea_roboforextrading

Input parameters

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

Name	Type	Default	Description
`GeneralSection`	`string`	`===== General Settings =====`	General Settings
`EnableTrading`	`bool`	`true`	Enable automatic trading
`MagicNumber`	`int`	`123456`	Magic number
`TradeComment`	`string`	`FG_ScalpingPro`	Trade comment
`CustomSettings`	`string`	`===== Custom Trading Settings =====`	Custom Trading Settings
`MaxTrades`	`int`	`5`	Maximum number of concurrent trades
`UseFixedLot`	`bool`	`true`	Use fixed lot size
`FixedLotSize`	`double`	`0.01`	Fixed lot size value
`MinTradeHoldingTime`	`int`	`15`	Minimum trade holding time (minutes)
`MaxTradeHoldingTime`	`int`	`60`	Maximum trade holding time (minutes)
`StrictAnalysis`	`bool`	`true`	Stricter entry conditions for higher win rate
`NotificationSettings`	`string`	`===== Notification Settings =====`	Notification Settings

Show all 40 inputs

Name	Type	Default	Description
`EnableAlerts`	`bool`	`true`	Enable pop-up alerts
`EnablePushNotifications`	`bool`	`false`	Enable push notifications to mobile
`EnableEmailAlerts`	`bool`	`false`	Enable email alerts
`EnableDashboard`	`bool`	`true`	Enable visual dashboard
`DashboardX`	`int`	`160`	Dashboard X position (centered)
`DashboardY`	`int`	`5`	Dashboard Y position (higher)
`DashboardFontSize`	`int`	`10`	Dashboard font size
`DashboardTextColor`	`color`	`clrWhite`	Dashboard text color
`DashboardBgColor`	`color`	`C'0,0,0'`	Dashboard background color (dark black)
`PreTradeAlertThreshold`	`int`	`70`	Alert threshold (0-100) for pre-trade notifications
`BBSettings`	`string`	`===== Bollinger Bands Settings =====`	Bollinger Bands Settings
`BB_Period`	`int`	`20`	Bollinger Bands period
`BB_Deviation`	`double`	`2.5`	Bollinger Bands deviation
`BB_Shift`	`int`	`0`	Bollinger Bands shift
`MASettings`	`string`	`===== Moving Average Settings =====`	Moving Average Settings
`EMA_Fast_Period`	`int`	`9`	Fast EMA period
`EMA_Slow_Period`	`int`	`21`	Slow EMA period
`RSISettings`	`string`	`===== RSI Settings =====`	RSI Settings
`RSI_Period`	`int`	`14`	RSI period
`RSI_Overbought`	`int`	`70`	RSI overbought level
`RSI_Oversold`	`int`	`30`	RSI oversold level
`UseRSIFilter`	`bool`	`true`	Use RSI for signal filtering
`ATRSettings`	`string`	`===== ATR Settings =====`	ATR Settings
`ATR_Period`	`int`	`14`	ATR period
`ATR_Multiplier_TP`	`double`	`1.5`	ATR multiplier for TP
`ATR_Multiplier_SL`	`double`	`1.0`	ATR multiplier for SL
`ATR_MinValue`	`int`	`15`	Minimum ATR value in points to trade
`UseDynamicMultiplier`	`bool`	`true`	Use dynamic ATR multipliers based on market phase

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone FaizGusion00/ea_roboforextrading 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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