Ichimoku Scalper: Free MT5 Expert Advisor

Overview

The system enters positions when the price interacts with the Senkou Span buffers, using the SAR for trend confirmation. It incorporates standard risk controls including fixed stop loss, take profit, and a trailing stop with configurable steps. The developer notes that the current configuration is an example provided for further optimization and includes a time filter to restrict activity to specific hours.

Ichimoku Kinko Hyo and Parabolic SAR signal logic

Configurable trailing stop and trailing step

Time-of-day filtering for automated entries

Adjustable slippage and magic number management

Details

Author

terencebeauj on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Trend following

Markets

Any symbol

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

Ichimoku_Scalper.mq5

Source

github.com/terencebeauj/Ichimoku_scalper

Input parameters

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

Name	Type	Default
`my_timeframe`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`
`start_hour`	`int`	`0`
`end_hour`	`int`	`23`
`my_magic_number`	`long`	`—`
`my_slippage`	`int`	`—`
`my_volume`	`double`	`0.01`
`sl_buy`	`unsigned int`	`—`
`sl_sell`	`unsigned int`	`—`
`tp_buy`	`unsigned int`	`—`
`tp_sell`	`unsigned int`	`—`
`TrailStopBuy`	`double`	`100`
`TrailStepBuy`	`double`	`50`

Show all 14 inputs

Name	Type	Default	Description
`TrailStopSell`	`double`	`100`
`TrailStepSell`	`double`	`50`

How to install it

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