JBM EMA Gold Scalper: Free MT5 Expert Advisor

Overview

JBM EMA Gold Scalper utilizes an exponential moving average ribbon consisting of four periods to identify trend alignment and enters trades on price retracements. The expert advisor includes several filters, such as RSI for overbought or oversold conditions and ribbon width to avoid late momentum entries. Risk management features include equity-based lot sizing, daily and total drawdown circuit breakers, and ATR-based dynamic stop losses and take profits with trailing functionality.

EMA ribbon trend alignment logic

ATR-based dynamic stop loss and take profit

Daily and total drawdown circuit breakers

Integrated GMT session time filters

RSI and ribbon width momentum filters

Details

Author

goesbams on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Trend following

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

JBMEMAGoldScalper.mq5

Source

github.com/goesbams/jbm-ema-gold-scalper

Input parameters

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

Name	Type	Default	Description
`EMA_Fast`	`int`	`8`
`EMA_Mid1`	`int`	`13`
`EMA_Mid2`	`int`	`21`
`EMA_Slow`	`int`	`34`
`RiskPercent`	`double`	`0.5`	% equity per trade
`DailyDDLimit`	`double`	`4.5`	% daily drawdown limit (buffer dari 5%)
`MaxDDLimit`	`double`	`9.0`	% total drawdown limit (buffer dari 10%)
`ATR_Period`	`int`	`14`
`ATR_SL_Multi`	`double`	`1.5`	SL = 1.5x ATR
`ATR_TP_Multi`	`double`	`2.5`	TP = 2.5x ATR → R:R = 1:1.67
`TrailStart`	`double`	`1.0`	mulai trailing setelah 1x ATR profit
`TrailStep`	`double`	`0.5`	trailing step 0.5x ATR

Show all 21 inputs

Name	Type	Default	Description
`RSI_Period`	`int`	`14`
`RSI_OB`	`int`	`65`	overbought — skip buy di atas ini
`RSI_OS`	`int`	`35`	oversold — skip sell di bawah ini
`UseAsian`	`bool`	`false`	Asian 00:00–08:00 GMT (choppy, spread lebar)
`UseLondon`	`bool`	`true`	London 08:00–12:00 GMT
`UseNY`	`bool`	`true`	New York 13:00–17:00 GMT
`MaxRibbonWidth`	`double`	`100.0`	skip entry saat ribbon terlalu lebar (momentum habis)
`MaxSpreadPts`	`int`	`30`	30 pts = 0.30 pip (IC Markets XAUUSD normal)
`MagicNumber`	`int`	`20250508`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone goesbams/jbm-ema-gold-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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