Multi ATR Scalping Expert: Free MT5 Expert Advisor

Overview

Multi ATR Scalping Expert enters trades when volatility falls within specific thresholds and the current price is within a defined range below weekly resistance levels. The system features dynamic lot sizing based on account balance and price distance from a lower boundary. It includes a position limit of one concurrent trade by default, though the stop loss parameter is disabled out of the box.

Triple ATR-based trading engines

Weekly resistance level filtering

Dynamic price-distance lot sizing

Configurable price range boundaries

New bar entry protection

Details

Author

StateSpeed-Solutions on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Mean reversion

Markets

Forex, Indices

Timeframes

M1-M5, M15-H1

Risk profile

Trades without a fixed stop loss

EA files

crash500_atr_strategy.mq5

Source

github.com/StateSpeed-Solutions/Crash-500-Deriv-MT5-Expert-Advisor

Input parameters

Read from crash500_atr_strategy.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`section1`	`string`		GENERAL SETTINGS
`lotSizeMultiplier`	`double`	`0`	Lot Size Multiplier (0 = auto calculation)
`magicNumber`	`int`	`65262`	Magic Number
`slippagePoints`	`int`	`0`	Slippage in Points
`priceRangeLow`	`int`	`9300`	Lower Price Range Boundary
`priceRangeHigh`	`int`	`10740`	Upper Price Range Boundary
`stopLossPips`	`int`	`0`	Stop Loss in Pips (0 = disabled)
`maxConcurrentPositions`	`int`	`1`	Maximum Concurrent Positions
`customSpread`	`double`	`0`	Custom Spread (0 = use current)
`section2`	`string`		FIRST ATR SYSTEM
`takeProfitPips_System1`	`double`	`10`	Take Profit in Pips
`atrPeriod_System1`	`int`	`6`	ATR Period

Show all 33 inputs

Name	Type	Default	Description
`atrTimeframe_System1`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	ATR Timeframe
`prevATR_LowThreshold_S1`	`double`	`1.1`	Previous ATR Low Threshold
`prevATR_HighThreshold_S1`	`double`	`15.6`	Previous ATR High Threshold
`currentATR_LowThreshold_S1`	`double`	`14.8`	Current ATR Low Threshold
`currentATR_HighThreshold_S1`	`double`	`90`	Current ATR High Threshold
`section3`	`string`		SECOND ATR SYSTEM
`takeProfitPips_System2`	`double`	`17`	Take Profit in Pips
`atrPeriod_System2`	`int`	`6`	ATR Period
`atrTimeframe_System2`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	ATR Timeframe
`prevATR_LowThreshold_S2`	`double`	`1.1`	Previous ATR Low Threshold
`prevATR_HighThreshold_S2`	`double`	`27`	Previous ATR High Threshold
`currentATR_LowThreshold_S2`	`double`	`25.9`	Current ATR Low Threshold
`currentATR_HighThreshold_S2`	`double`	`90`	Current ATR High Threshold
`section4`	`string`		THIRD ATR SYSTEM
`takeProfitPips_System3`	`double`	`58`	Take Profit in Pips
`atrPeriod_System3`	`int`	`10`	ATR Period
`atrTimeframe_System3`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	ATR Timeframe
`prevATR_LowThreshold_S3`	`double`	`1.1`	Previous ATR Low Threshold
`prevATR_HighThreshold_S3`	`double`	`38.9`	Previous ATR High Threshold
`currentATR_LowThreshold_S3`	`double`	`38.4`	Current ATR Low Threshold
`currentATR_HighThreshold_S3`	`double`	`90`	Current ATR High Threshold

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone StateSpeed-Solutions/Crash-500-Deriv-MT5-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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