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
Gold Momentum Breakout
Gold Momentum Breakout is an automated trading system for MetaTrader 5 designed to capture price movements after periods of consolidation.
GitHub stars1
Forks0
Last update1 year ago25 Apr 2025
LicenceNone stated
Overview
The expert advisor employs a trend-following approach using two Exponential Moving Averages on a higher timeframe, paired with Relative Strength Index filters for momentum. It identifies breakout opportunities by analyzing support and resistance levels over a lookback period and confirms entries using volume spikes. Risk is controlled through a fixed percentage per trade and a set risk-reward ratio. Note that the repository lacks a README file and documentation.
- Dual EMA trend filtering on the H4 timeframe
- RSI-based momentum confirmation for long and short entries
- Automated support and resistance lookback calculation
- Time-restricted trading sessions with GMT offset adjustment
- Dynamic position sizing based on account risk percentage
Details
Author
hadrygassama on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout, Trend following
Markets
Gold
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 GoldMomentumBreakout.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
StartHour | int | 8 | Trading session start (UTC) |
EndHour | int | 17 | Trading session end (UTC) |
GMT_Offset | int | 3 | Broker's GMT Offset (e.g. +2 for GMT+2) |
RiskPercent | double | 1.0 | Risk percentage per trade |
RiskRewardRatio | double | 2.0 | Risk/Reward ratio |
StopLossPips | double | 15.0 | Stop Loss in pips |
EMA_Timeframe | ENUM_TIMEFRAMES | PERIOD_H4 | EMA Timeframe |
EMAFastPeriod | int | 50 | Fast EMA Period |
EMASlowPeriod | int | 200 | Slow EMA Period |
RSIPeriod | int | 14 | RSI Period |
RSILongMin | int | 50 | RSI minimum for long position |
RSILongMax | int | 70 | RSI maximum for long position |
Show all 20 inputs
| Name | Type | Default | Description |
|---|---|---|---|
RSIShortMin | int | 30 | RSI minimum for short position |
RSIShortMax | int | 50 | RSI maximum for short position |
LookbackPeriod | int | 20 | Period for support/resistance calculation |
VolumeFactor | double | 1.5 | Volume multiplier factor |
ConsolidationPeriod | int | 5 | Number of candles for consolidation |
ConsolidationRange | double | 0.2 | Maximum range for consolidation (% of ATR) |
ATRPeriod | int | 14 | ATR Period |
VolumePeriod | int | 20 | Volume average period |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone hadrygassama/GoldMomentumBreakout 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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