H4 EMA Pullback Next Level: Free MT5 Expert Advisor

Overview

H4 EMA Pullback Next Level utilizes the 200 EMA to define the primary trend and the 21 EMA to confirm momentum recovery after a pullback. The EA enters trades based on price rejection within a specific ATR-defined zone. Risk management features include percentage-based position sizing, ATR-derived stop losses, and take-profit targets tied to historical swing levels. It includes advanced filters for ADX, candle body ratio, and daily drawdown limits.

ATR-based dynamic stop loss and zone detection

Fractal-based take profit with fixed reward-to-risk fallback

Daily drawdown and trade count protection limits

Optional ADX and EMA slope filters for trend strength

Multi-factor candle rejection and momentum reclaim logic

Details

Author

Mohamed-Kathree on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Mean reversion

Markets

Any symbol

Timeframes

H4 and above

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

H4_NextLevel_EA.mq5

Source

github.com/Mohamed-Kathree/H4-EMA-Pullback-Next-Level-Expert-Advisor

Input parameters

Read from H4_NextLevel_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`RiskPercent`	`double`	`0.50`	Risk per trade (% of balance)
`MaxLot`	`double`	`0.10`	Hard cap on lot size
`MinLot`	`double`	`0.10`	Minimum lot size to trade
`TF`	`ENUM_TIMEFRAMES`	`PERIOD_H4`
`AtrPeriod`	`int`	`14`
`EmaFastPeriod`	`int`	`50`
`EmaSlowPeriod`	`int`	`200`
`EmaMidPeriod`	`int`	`21`
`ZoneAtrMult`	`double`	`0.40`	Pullback must reach EMA50 ± (ATR × mult)
`SlBufferAtr`	`double`	`0.20`	SL placed beyond pullback extreme by (ATR × mult)
`MinSlAtr`	`double`	`1.00`	Minimum SL distance in ATR units
`UseAdxFilter`	`bool`	`false`

Show all 36 inputs

Name	Type	Default	Description
`AdxPeriod`	`int`	`14`
`MinAdx`	`double`	`20.0`
`MaxSpreadPrice`	`double`	`0.40`	Maximum allowable spread (price units)
`MaxTradesPerDay`	`int`	`1`	Daily trade limit
`MaxDailyLossPct`	`double`	`3.0`	Daily drawdown limit (% of start equity)
`TradeStartHour`	`int`	`0`	Window open (00 = midnight)
`TradeEndHour`	`int`	`0`	Window close (00 = midnight, wrap = always on)
`ForceCloseAtEnd`	`bool`	`false`	Close open position when outside window
`SwingLeft`	`int`	`2`
`SwingRight`	`int`	`2`
`LevelLookbackBars`	`int`	`300`
`MinTpAtr`	`double`	`1.2`	TP must be at least (ATR × mult) from entry
`FallbackRR`	`double`	`3.0`	Fallback TP = risk × RR if no level found
`StrictRiskSizing`	`bool`	`false`	Skip trade if raw lots < MinLot
`ValidateStops`	`bool`	`true`	Enforce broker stops/freeze level
`LogTradeFailures`	`bool`	`true`	Print failed order details
`UseBodyRatioFilter`	`bool`	`false`
`MinBodyRatio`	`double`	`0.55`	Body must be ≥ 55% of candle range
`UseBreakOfPreviousCandle`	`bool`	`false`
`BreakBufferAtr`	`double`	`0.00`	Extra buffer beyond H2/L2 (ATR units)
`UseReclaimBuffer`	`bool`	`false`
`ReclaimBufferAtr`	`double`	`0.10`	Close > EMA21 + (ATR × mult) for longs
`UseEmaSlopeFilter`	`bool`	`false`
`EmaSlopeBars`	`int`	`4`	Compare EMA50[1] vs EMA50[1 + bars]

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Mohamed-Kathree/H4-EMA-Pullback-Next-Level-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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