This automated trading robot for MetaTrader 5 implements Smart Money Concepts (SMC) and ICT principles using a hybrid architecture. Trading logic and signal detection are processed within a native C++ DLL, while the MQL5 bridge handles trade execution and data feeding. The system identifies market structure shifts, inc
Trading robot · MT5
GoldV4 Institutional Scalper
GoldV4 Institutional Scalper is a dual-strategy algorithmic trading robot for XAUUSD on MetaTrader 5.
GitHub stars1
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Last update4 days ago15 Oct 2026
LicenceCustom licence
Overview
GoldV4 Institutional Scalper runs two independent strategies targeting different microstructures on the M1 timeframe, one capturing late-NY-to-Tokyo handoff and the other London open volatility surge. Entries use an 8-point confluence score across 15+ filters including EMA cross, RSI, ATR, VWAP, order flow, and SMC concepts, requiring score of 7 or higher and all gates to pass. Exits follow strategy-specific rules with no fixed stop loss or take profit visible in defaults. Risk controls include base risk percent, dynamic risk throttling after losses, Kelly fraction sizing with rolling window, max daily loss limit of 3 percent, weekly loss limit of 6 percent, max daily trades of 18, max open positions of 5, and portfolio heat cap of 3.5 percent. Platform is MetaTrader 5. Notable limits include separate magic numbers and comments for each strategy to prevent interference.
- XAUUSD M1 Scalping
- Dual Strategy Engine
- Kelly Risk Sizing
- Dynamic Portfolio Risk
- Institutional Confluence Filters
Details
Author
Senthil-3698 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Breakout, Mean reversion, SMC / ICT / price action
Markets
Gold
Timeframes
M1-M5
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 GoldV5_LNY.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EA_Comment | string | GV5 | v5.0: unique trade tag, isolates from v4 |
Magic | ulong | 202600500 | unique v5 magic (v4 uses 202600400 — DO NOT change) |
EnableLiveTrading | bool | true | |
BaseSlippage | int | 30 | |
MaxRetryAttempts | int | 3 | |
RetryDelayMs | int | 250 | |
VerboseLogging | bool | true | |
RiskPercent | double | 1.0 | base risk per trade |
UseDynamicRisk | bool | true | v4.15: throttle down after losses / DD |
MaxDailyLossPct | double | 3.0 | |
MaxWeeklyLossPct | double | 6.0 | |
MaxDailyProfitPct | double | 6.0 |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
MaxDailyTrades | int | 18 | |
MaxOpenPositions | int | 5 | |
MaxPortfolioHeatPct | double | 3.5 | cap on sum of open R% |
MaxLotSize | double | 1.0 | v4.01: 10.0→1.0 |
MinLotSize | double | 0.01 | |
UseKelly | bool | true | |
Kelly_WindowTrades | int | 30 | rolling window |
Kelly_Fraction | double | 0.25 | fractional Kelly (0.25 = quarter-Kelly) |
Kelly_MinSamples | double | 12 | need this many trades before Kelly kicks in |
Kelly_MaxMult | double | 1.5 | hard cap on sizing mult |
Kelly_MinMult | double | 0.35 | hard floor |
MinScoreTrend | int | 8 | v4.16: 7→8 (further selectivity — high-conviction only) |
MinScoreReversion | int | 5 | |
MinScoreBreakout | int | 5 | |
HFTTickScore | int | 13 | v4.13: 11→13 (mid-bar entry harder) |
MinBarsBetweenEntry | int | 5 | v4.13: 3→5 (kills cluster pattern) |
MinSecsBetweenSameDir | int | 90 | anti-cluster on same direction |
UseEMACross | bool | true | |
UseRSI | bool | true | |
UseATRFilter | bool | true | |
UseBB | bool | true | |
UseOrderFlow | bool | true | |
UseMTF | bool | true | |
UseVolumeFilter | bool | true | |
UseADX | bool | true | |
UseMACD | bool | true | |
UseStochastic | bool | true | |
UseVWAP | bool | true |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone Senthil-3698/goldv4-institutional-scalper 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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