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
Momgreg GP1
Momgreg GP1 is an automated trading robot for MetaTrader 5 that executes trades based on signal logic and market depth monitoring.
GitHub stars4
Forks4
Last update8 years ago3 May 2018
LicenceGPL-3.0
Overview
The expert advisor implements a fixed lot sizing strategy with integrated stop loss and take profit protections for each position. It features a risk management module that monitors account balance against a historical maximum to enforce a drawdown limit. While the entry logic is contained in external dependencies, the robot supports market book subscriptions for specific symbols. Documentation for this repository is minimal.
- Drawdown-based risk management
- Fixed lot size execution
- Hard stop loss and take profit
- Market book subscription support
Details
Author
RandomKori on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Scalping
Markets
Any symbol
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
Input parameters
Read from momgreg_GP1.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lot | double | 1 | |
SM | string | BR Splice | |
Stop | int | 7 | |
Tp | int | 7 | |
Slipage | int | 2 | |
MaxDropdown | double | 50.0 | |
Isp | ENUM_ORDER_TYPE_FILLING | ORDER_FILLING_RETURN |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone RandomKori/PythonForTraders 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, and any .mqh files into the Include folder the code expects.
- 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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