EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di
Trading robot · MT5
Martingale Pending Order EA
This MetaTrader 5 expert advisor executes a martingale strategy using pending buy stop or sell stop orders.
High risk
GitHub stars2
Forks3
Last update4 years ago16 Jun 2022
LicenceNone stated
Overview
Users define an initial entry price and lot size, which the EA then manages using a configurable volume multiplier for subsequent trades. It includes automated stop loss and take profit calculations based on fixed pip distances. The repository and documentation are very limited, offering a bare-bones implementation of lot scaling logic. It is designed for traders seeking a simple automated martingale execution tool on the MT5 platform.
- Automated pending order placement
- Configurable volume multiplier
- Defined pip-based exit levels
- Directional trade selection
Details
Author
iamericdev on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from myMartingaleEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
firstVolume | double | 0.1 | |
rate | double | 1.5 | |
pip | double | 10 | |
pendingOrderPrice | double | 0.0 | |
isBuy | bool | true |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone iamericdev/Forex-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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