Liquidity Trap EA: Free MT5 Expert Advisor

Overview

Liquidity Trap EA detects specific candle formations using wick-to-body and body-to-average-bar ratios to enter trades based on perceived liquidity traps. The system incorporates trend filters through moving averages, ADX strength, and RSI levels, with optional multi-timeframe analysis. Risk management includes percentage-based lot sizing, trailing stops, and a fixed risk-reward ratio. It features adaptive logic that adjusts thresholds or pauses trading after consecutive losses to mitigate drawdown. The README is minimal.

Swing point liquidity trap detection

Adaptive indicator threshold adjustment

Multi-timeframe trend confirmation

Integrated news and time filters

Details

Author

Javacaveman999 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

SMC / ICT / price action, Trend following, Mean reversion, Martingale

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

LiquidityTrap V1.5.mq5

Source

github.com/Javacaveman999/LiquidityTrap.MQ5

Input parameters

Read from LiquidityTrap V1.5.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`SwingLookback`	`int`	`20`	Lookback period for swing points
`WickRatio`	`double`	`0.5`	Wick-to-body ratio for trap detection candle
`BodyRatio`	`double`	`0.3`	Minimum body size ratio relative to average bar size
`RiskPercent`	`double`	`1.0`	Base Risk per trade (% of account balance)
`MaxTrades`	`int`	`3`	Maximum number of open trades
`Multiplier`	`double`	`0.5`	Multiplier for stop-loss filter (ATR * Multiplier)
`RiskReward`	`double`	`2.0`	Risk-reward ratio for take-profit
`UseTrailingStop`	`bool`	`true`	Enable trailing stop for winning trades
`TrailStart`	`double`	`1.0`	Trail start (as multiplier of Initial Risk Distance)
`TrailStep`	`double`	`0.5`	Trail step in ATR units
`ATRPeriod`	`int`	`14`	Period for ATR calculation
`MAPeriod`	`int`	`50`	Period for trend MA

Show all 38 inputs

Name	Type	Default	Description
`ADXPeriod`	`int`	`14`	Period for ADX trend strength
`RSIPeriod`	`int`	`14`	Period for RSI
`ADXThreshold`	`double`	`25`	Base Threshold for ADX trend strength
`RsiOversoldThreshold`	`double`	`35`	Default Oversold Threshold
`RsiOverboughtThreshold`	`double`	`65`	Default Overbought Threshold
`UseMultiTimeframe`	`bool`	`true`	Enable multi-timeframe confirmation
`HigherTF`	`ENUM_TIMEFRAMES`	`PERIOD_H4`	Higher timeframe for trend confirmation
`EnableLossPause`	`bool`	`true`	Enable pausing trading after consecutive losses
`PauseConsecutiveLosses`	`int`	`3`	Number of consecutive losses to trigger pause
`PauseResetBars`	`int`	`100`	Bars after which loss-based pause resets automatically (if not reset by win/10 losses first)
`AdaptiveRisk`	`bool`	`true`	Enable adaptive risk management based on consecutive losses
`AdaptiveConsecutiveLosses`	`int`	`2`	Consecutive losses to trigger adaptive changes (Risk/Filters)
`EnableAdaptiveADX`	`bool`	`true`	Tighten ADX threshold during adaptive state?
`AdaptiveADXIncrease`	`double`	`5.0`	Amount to increase ADX threshold by
`EnableAdaptiveRSI`	`bool`	`true`	Tighten RSI thresholds during adaptive state?
`AdaptiveRSITightenAmount`	`double`	`5.0`	Amount to tighten RSI thresholds inwards (e.g., 35->40, 65->60)
`AllowTradeOnRange`	`bool`	`true`	v1.5: Allow opening trades if market regime is Ranging?
`AvoidHighImpactNews`	`bool`	`true`	Avoid trading during high impact news (Requires external data source)
`NewsBuffer`	`int`	`60`	Buffer time in minutes before/after news
`TradeMonday`	`bool`	`true`	Allow trading on Monday
`TradeTuesday`	`bool`	`true`	Allow trading on Tuesday
`TradeWednesday`	`bool`	`true`	Allow trading on Wednesday
`TradeThursday`	`bool`	`true`	Allow trading on Thursday
`TradeFriday`	`bool`	`true`	Allow trading on Friday
`EnableHourFilter`	`bool`	`false`	Enable trading only during specific hours
`AllowedHours`	`string`	`8,9,10,14,15,16`	Allowed hours (Broker Time, 24h format). Use comma separation or ranges ("8-11,15-17")

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Javacaveman999/LiquidityTrap.MQ5 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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