Gold Dual Engine Scalper: Free MT5 Expert Advisor

Overview

Gold Dual Engine Scalper utilizes a regime-based state machine to navigate market conditions, employing two distinct engines: one for volatility burst continuations and another for liquidity sweep reversals. The EA monitors for price compression and market exhaustion using RSI divergence and volume analysis. Risk management features include a fixed percentage risk per trade, a maximum daily loss cap, and session-based filters for London and New York. While the code structure is complex, the provided documentation is minimal.

Regime-based state machine logic

Volatility burst and liquidity sweep engines

Integrated news and session filters

RSI divergence and exhaustion scoring

Details

Author

MithunCyDev on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Breakout, SMC / ICT / price action, Mean reversion

Markets

Gold

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

gold_dual_engine_scalper.mq5

Source

github.com/MithunCyDev/MT5-Expert-advisor

Input parameters

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

Name	Type	Default
`InpSection1_Risk`	`string`	`=== Risk Settings ===`
`InpRiskPerTradePct`	`double`	`0.25`
`InpMaxDailyLossPct`	`double`	`2.0`
`InpMaxConcurrentTrades`	`int`	`1`
`InpReversalRiskFactor`	`double`	`0.8`
`InpSection2_Sessions`	`string`	`=== Session Settings ===`
`InpLondonStartHour`	`int`	`7`
`InpLondonEndHour`	`int`	`16`
`InpNYStartHour`	`int`	`13`
`InpNYEndHour`	`int`	`22`
`InpDisableAsian`	`bool`	`true`
`InpSection3_News`	`string`	`=== News Filter Settings ===`

Show all 40 inputs

Name	Type	Default
`InpEnableNewsFilter`	`bool`	`true`
`InpMinutesBeforeRed`	`int`	`15`
`InpMinutesAfterRed`	`int`	`10`
`InpSection4_Burst`	`string`	`=== Volatility Burst Settings ===`
`InpBurstRangeMultiplier`	`double`	`1.8`
`InpBurstVolumeMultiplier`	`double`	`1.5`
`InpBurstBodyRatioMin`	`double`	`0.7`
`InpSection5_Compression`	`string`	`=== Compression Settings ===`
`InpCompressionAtrPeriod`	`int`	`14`
`InpCompressionAtrFactor`	`double`	`0.7`
`InpCompressionWindowBars`	`int`	`10`
`InpSection6_Liquidity`	`string`	`=== Liquidity Zone & Sweep Settings ===`
`InpEqualHLTolerancePoints`	`double`	`50`
`InpSwingLookbackBars`	`int`	`5`
`InpAsianSessionStartHour`	`int`	`0`
`InpAsianSessionEndHour`	`int`	`6`
`InpSweepWickBodyRatioMin`	`double`	`2.0`
`InpSweepVolumeSpikeMult`	`double`	`1.5`
`InpSection7_Exhaustion`	`string`	`=== Exhaustion & Divergence Settings ===`
`InpExhaustionMinScore`	`double`	`1.0`
`InpExhaustionRangeLookback`	`int`	`10`
`InpExhaustionVolumeLookback`	`int`	`20`
`InpRsiPeriod`	`int`	`14`
`InpPriceSwingLookback`	`int`	`5`
`InpRsiSwingLookback`	`int`	`5`
`InpUseDivergenceFilter`	`bool`	`true`
`InpSection8_Engines`	`string`	`=== Engine Thresholds & Timeouts ===`
`InpContImpulseBars`	`int`	`5`

How to install it

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

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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