GoldScalperM15: Free MT5 Expert Advisor

Overview

GoldScalperM15 records the Asian session high and low from 00:00 to 08:00 server time and enters a single trade per day on the first M15 candle that breaks the range, either buy or sell. Lot size follows a strict 0.5% risk of equity using the ATR-based stop loss. Optional trend EMA filter and volatility filter require sufficient daily ATR. Exits occur at 20:00 server time or before Friday close to avoid overnight swaps. Risk controls include daily loss limits, maximum drawdown halts, loss streak pauses, news filters around high-impact events, and position size caps. It provides an on-chart panel and PowerShell console for monitoring.

Asian-range breakout

M15 volatility filter

risk-based lot sizing

news filter

daily loss limits

Details

Author

Kla1524 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout

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

GoldScalperM15.mq5

Topics

expert-advisorforexgoldmetatrader5mql5trading-botxauusd

Source

github.com/Kla1524/GoldScalperM15

Input Parameters

Read from GoldScalperM15.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpLotMode`	`ENUM_LOT_MODE`	`LOT_RISK`	Lot sizing (risk % follows the account size)
`InpLots`	`double`	`0.01`	Fixed lot (when lot sizing = fixed)
`InpRiskPct`	`double`	`0.5`	Risk % of equity per trade (when lot sizing = risk %)
`InpMagic`	`ulong`	`20261013`	Magic number
`InpTF`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	Signal timeframe
`InpAllowBuy`	`bool`	`true`	Allow buys
`InpAllowSell`	`bool`	`true`	Allow sells
`InpTrendTF`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`	Trend EMA timeframe (CURRENT = signal timeframe)
`InpTrendEMA`	`int`	`200`	Trend EMA period
`InpUseTrend`	`bool`	`false`	Also require the close beyond the trend EMA
`InpRangeStartHour`	`int`	`0`	Range start (hour, server time)
`InpRangeEndHour`	`int`	`8`	Range end / breakouts from (hour, server time)

Show all 40 inputs

Name	Type	Default	Description
`InpStopEntry`	`bool`	`false`	Enter with BUY STOP / SELL STOP orders at the range edges (the other side is cancelled on a fill) instead of waiting for
`InpStopEntryBufPts`	`int`	`0`	Stop-entry: extra distance beyond the range edge (points)
`InpRSIPeriod`	`int`	`14`	RSI period (confidence score, journal)
`InpATRPeriod`	`int`	`14`	ATR period
`InpSL_ATR`	`double`	`4.0`	SL = ATR x
`InpTP_ATR`	`double`	`0.0`	TP = ATR x (0 = no take-profit)
`InpBE_ATR`	`double`	`0.0`	Move SL to breakeven at profit >= ATR x (0 = off)
`InpTrail_ATR`	`double`	`0.0`	Trailing distance ATR x (0 = off)
`InpTrailStart_ATR`	`double`	`-1`	Start trailing at profit >= ATR x (-1 = same as the trailing distance)
`InpStartHour`	`int`	`0`	Trading starts (hour, server time)
`InpEndHour`	`int`	`18`	No new trades from (hour, server time)
`InpMaxSpread`	`double`	`1.00`	Max spread (price units, e.g. 0.40 = 40 cents)
`InpMinATR`	`double`	`0.0`	Min ATR (price units, 0 = off)
`InpMinDailyATRPct`	`double`	`1.6`	Min daily ATR as % of price (0 = off): trade only volatile days
`InpStrictRisk`	`bool`	`true`	Skip a trade if its real risk (vs equity) exceeds the risk % (risk-% sizing)
`InpSlippagePts`	`int`	`30`	Slippage allowance at the SL (points), counted in the real risk
`InpCommissionLot`	`double`	`0.0`	Round-turn commission per 1 lot (account currency; XM Standard = 0)
`InpMaxRiskPct`	`double`	`5.0`	Hard cap: skip if the SL would lose more than % of equity (0 = off)
`InpMaxTradesPerDay`	`int`	`1`	Trades per day (the first breakout of the day; 0 = unlimited, not recommended)
`InpMaxDailyLossPct`	`double`	`3.0`	Daily loss limit, % of start-of-day balance (0 = off)
`InpMaxDDPct`	`double`	`20.0`	Halt: pause when equity falls this % below its peak (0 = off)
`InpMaxLossStreak`	`int`	`5`	Halt: pause after this many losing trades in a row (0 = off)
`InpMaxLosingDays`	`int`	`0`	Halt: pause after this many losing days in a row (0 = off; test before use)
`InpMaxLot`	`double`	`0.0`	Max lot per trade (0 = off)
`InpMaxExposure`	`double`	`10.0`	Max position value as a multiple of equity, caps the lot (0 = off)
`InpDailyCloseHour`	`int`	`20`	Close all trades daily at this hour (avoids swap, -1 = off)
`InpCloseFriday`	`bool`	`true`	Close trades before the Friday market close
`InpFridayCloseHour`	`int`	`21`	Friday close hour (server time)

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone Kla1524/GoldScalperM15 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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