Trading robot · MT5

IJESHA Algo EA

by Shifrozy

This MetaTrader 5 expert advisor implements a multi-indicator strategy based on momentum and divergence confluence.

GitHub stars3
Forks0
Last update2 weeks ago7 Sep 2026
LicenceMIT

Overview

IJESHA Algo EA utilizes Stochastic, Commodity Channel Index (CCI), Parabolic SAR, and Exponential Moving Averages (EMA) to identify entries, specifically targeting bullish and bearish divergence patterns. Risk management includes fixed lot sizing, maximum daily trade limits, and concurrent position caps. Trade protection is handled via automated break-even points, trailing stops, and stop loss levels calculated from either fixed points or SAR values.

Details

Author

Shifrozy on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Trend following, Indicator crossover

Markets

Forex, Gold

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.

Input parameters

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

NameTypeDefaultDescription
InpLotSizedouble0.02Lot Size (Fixed)
InpMagicNumberint123456Magic Number
InpAutoSpreadbooltrueAuto-Adaptive Spread Limit
InpMaxSpreadint300Maximum Spread (Points, 300 for Gold)
InpMaxTradesDayint10Max Trades Per Day
InpMaxConcurrentint3Max Concurrent Open Positions
InpStochKint14Stochastic %K Period
InpStochDint3Stochastic %D Period
InpStochSlowingint3Stochastic Slowing
InpCCIPeriodint14CCI Period
InpSLPointsint200Stop Loss (Points, 0 = use SAR)
InpTPRatiodouble2.0Take Profit Ratio (TP = SL x Ratio)
Show all 37 inputs
NameTypeDefaultDescription
InpUseSARFilterbooltrueUse Parabolic SAR Filter
InpSARStepdouble0.02SAR Step
InpSARMaxdouble0.2SAR Maximum
InpUseEMAFilterbooltrueUse EMA Trend Filter
InpEMAModeENUM_EMA_MODEEMA_MODE_PRICE_ONLYEMA Trend Filter Mode
InpEMAPeriodint50EMA Period (Slow)
InpEMAFastPeriodint21EMA Fast Period
InpDivSwingLookbackint50Swing Detection Lookback Bars
InpDivMinBarsint5Min Bars Between Swings
InpRequireBothDivboolfalseRequire Both CCI + Stoch Divergence
InpUseSessionFilterboolfalseUse Session Filter (false = 24/5 Trading)
InpSessionStartHourint7Session Start Hour (Server Time)
InpSessionEndHourint20Session End Hour (Server Time)
InpUseBreakEvenbooltrueUse Break-Even
InpBEPointsint60Break-Even Activation (Points - 6 pips)
InpBEPlusPointsint5Break-Even Plus (Points - 0.5 pip above entry)
InpUseTrailingbooltrueUse Trailing Stop
InpTrailActivateint100Trailing Activation (Points - 10 pips)
InpTrailStepint30Trailing Step (Points - 3 pips)
InpShowDashboardbooltrueShow On-Chart HUD Dashboard
InpDrawDivergencebooltrueDraw Divergence Lines
InpBuyDivColorcolorclrLimeBuy Divergence Line Color
InpSellDivColorcolorclrRedSell Divergence Line Color
InpDivLineWidthint2Divergence Line Width
InpDivLookbackint30Divergence Lookback Bars

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone Shifrozy/IJESHA-MT5-EA from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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.

Similar expert advisors

EA31337 Libre

by EA31337
252 stars

EA31337 Libre is an open-source, multi-strategy trading robot for MetaTrader 4 and MetaTrader 5. It functions as a simplified implementation of the EA31337 framework, providing a collection of over 35 built-in strategies based on technical indicators. The expert advisor performs independent market analysis across vario

MT5 Trading robot Multi-strategyTrend followingMean reversion
Updated 1 year ago GPL-3.0 GitHub repository of EA31337 Libre

Scalpflip EA

by anthonycdp
25 stars

Scalpflip EA is an automated scalping robot for MetaTrader 5 that utilizes a multi-layered technical analysis approach. It offers three entry modes: trend-following, mean-reversion, and a smart mode that selects the strategy based on current market conditions. The system filters trades using the Relative Strength Index

MT5 Trading robot ScalpingTrend followingMean reversion
Updated 1 year ago None stated GitHub repository of Scalpflip EA

MonsterFX Reliable Trader

by NadirAliOfficial
12 stars

This MetaTrader 5 expert advisor combines automated Forex trading with a Discord notification system via a Python Flask webhook. It executes a dual-timeframe strategy using EMA crossovers, a 200-period trend filter, RSI, and VWAP on the M5 and M15 charts. The EA manages trades with ATR-based stop loss and take profit l

MT5 Trading robot Indicator crossoverTrend followingMean reversion

FG Scalping Pro

by FaizGusion00
11 stars

FG Scalping Pro is an automated trading system for MetaTrader 5 that utilizes a multi-indicator approach to identify entry points. It combines exponential moving average crossovers with RSI momentum and Bollinger Band volatility filters to execute trades. The EA manages risk through dynamic ATR-based stop loss and take

MT5 Trading robot ScalpingIndicator crossoverMean reversion
Updated 1 year ago Custom licence GitHub repository of FG Scalping Pro

Enamel

by DocProvolone
6 stars

Enamel is a trend-pullback expert advisor for MetaTrader 5 specifically configured for USD currency pairs. The robot identifies entries using a combination of exponential moving averages, RSI, MACD, and ADX indicators, requiring confirmation from candle body size relative to volatility. It includes a higher timeframe t

MT5 Trading robot Trend followingMean reversionIndicator crossover
Updated 12 months ago Apache-2.0 GitHub repository of Enamel
6 stars

This MetaTrader 5 expert advisor provides a versatile framework for trading based on Heiken Ashi price action. It allows users to toggle between numerous built-in strategies, including trend following, moving average crossovers, Fibonacci levels, and various oscillators like RSI and MACD. The system includes an option

MT5 Trading robot Trend followingIndicator crossoverMean reversion
Updated 2 years ago None stated GitHub repository of Heiken Ashi Complete Strats

More trading robots

Need a broker for MT5?

Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.

Compare brokers