Nyao Scalper: Free MT5 Expert Advisor

Overview

Nyao Scalper evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive ATR-based trailing stops, a spread filter, and a dead-market filter. Notably, it includes an optional hedging chain that employs martingale lot scaling to recover losing positions. It is designed primarily for M1 and M5 timeframes on various forex pairs and CFDs.

Weighted signal scoring system

Adaptive ATR-based trailing stops

Martingale hedging chain recovery

Multi-bar EMA slope analysis

Dead-market volatility filter

Details

Author

elrizwiraswara on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Trend following, Martingale, Breakout, Hedging

Markets

Forex

Timeframes

M1-M5, M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast
Holds opposite positions at once

EA files

nyao_scalper.mq5

Topics

auto-tradingexpert-advisormq5mt5scalping-bottrading-robotmeta-trader-5

Source

github.com/elrizwiraswara/nyao_scalper_mt5

Input parameters

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

Name	Type	Default	Description
`DirectionalBodyLookback`	`int`	`10`	Lookback for directional body analysis
`EMAFastPeriod`	`int`	`5`	EMA Fast Period
`EMASlowPeriod`	`int`	`12`	EMA Slow Period
`SlopeLookback`	`int`	`3`	EMA Slope Lookback Bars (noise reduction)
`RSIPeriod`	`int`	`8`	RSI Period
`ATRPeriod`	`int`	`8`	ATR Period
`ATRAvgLookback`	`int`	`10`	ATR Average Lookback
`MinVolRatioToTrade`	`double`	`0.6`	Min ATR/AvgATR Ratio to Trade (0 = Disabled, blocks dead market)
`ImpulseLookback`	`int`	`3`	Impulse Lookback
`ImpulseBoostWeight`	`double`	`1.0`	Impulse Boost Weight
`SignalSmoothingCandles`	`int`	`2`	Closed Candles for Weighted Average (1-10)
`CurrentCandleBlend`	`double`	`0.40`	Current Candle Blend Factor (0.0-1.0)

Show all 40 inputs

Name	Type	Default	Description
`VelocityWindow`	`double`	`2.0`	Velocity Window (Score Delta)
`RSIOverbought`	`int`	`80`	RSI Overbought Level (Max Buy)
`RSIOversold`	`int`	`20`	RSI Oversold Level (Min Sell)
`RSIMomentumBuy`	`int`	`60`	RSI Momentum Buy Trigger
`RSIMomentumSell`	`int`	`40`	RSI Momentum Sell Trigger
`TrendWeight`	`double`	`1.5`	Trend Alignment Initial Weight
`SlopeWeight`	`double`	`1.5`	Trend Slope Confirmation Weight
`MomentumBaseWeight`	`double`	`1.0`	Momentum Base Weight (RSI Sweet Spot)
`MomentumTriggerWeight`	`double`	`0.5`	Momentum Trigger Weight (RSI Breakout)
`BodyMomentumWeight`	`double`	`1.5`	Body Momentum Weight
`ChopScoreHigh`	`double`	`2.0`	Chop Score High (Strong Trend)
`ChopScoreMed`	`double`	`1.0`	Chop Score Med (Weak Trend)
`ChopScoreLow`	`double`	`0.0`	Chop Score Low (Chop Risk - no free points)
`VolatilityScoreHigh`	`double`	`1.0`	Volatility Score High
`VolatilityScoreLow`	`double`	`0.0`	Volatility Score Low (no free points)
`PeakScoreWeight`	`double`	`1.0`	Peak Breakout Score Weight
`WickRejectionWeight`	`double`	`1.0`	Wick Rejection Penalty Weight
`MinBodyRatio`	`double`	`1.5`	Min Body Ratio for Wick Calculation
`EnableBuyOrders`	`bool`	`true`	Enable Buy Orders
`EnableSellOrders`	`bool`	`true`	Enable Sell Orders
`EnableNewBarEntryOnly`	`bool`	`true`	Evaluate/Open Entries Only on New Bar (stable signals)
`EnableMaxSpreadFilter`	`bool`	`true`	Block New Entries When Spread Too Wide
`MaxSpreadPoints`	`double`	`0`	Max Spread in Points (0 = Auto: ATR-based)
`MaxSpreadATRRatio`	`double`	`0.25`	Auto Spread Cap as Fraction of ATR (when MaxSpreadPoints = 0)
`BaseLotSize`	`double`	`0.01`	Base Lot Size
`MaxOpenOrders`	`int`	`8`	Max Consecutive Open Orders
`MaxTradesPerCandle`	`int`	`1`	Max Trades Per Candle (0 = Unlimited)
`ConsecutiveCandleThresholdBoost`	`double`	`1.0`	Signal Threshold Boost Per Consecutive Trading Candle

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone elrizwiraswara/nyao_scalper_mt5 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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