Omega X EA: Free MT5 Expert Advisor

Overview

Omega X EA enters trades via simultaneous BuyStop and SellStop pending orders using a straddle range gate. Once one position fills, the EA locks direction and adds levels on the same side with lot scaling. It exits using a dynamic basket take-profit computed from total lots and money target, with broker-side server TP as default. Risk controls include equity stop, daily loss limit, profit cap, spread filter, session filter, blackout windows, and hard caps on lots and levels.

one-sided grid martingale

straddle pending entry

dynamic basket TP

martingale lot scaling

multi-layer safety system

Details

Author

Trio707 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Grid, Martingale

Markets

Any symbol

Timeframes

Any timeframe

Risk Profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend

EA Files

Omega_X_EA.mq5

Source

github.com/Trio707/Omega-X

Input Parameters

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

Name	Type	Default	Description
`DecisionTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_CURRENT`	timeframe for all EA decisions (data, bars, ATR)
`SpacingMode`	`ENUM_SPACING_MODE`	`SPACING_FIXED`
`GridStepPoints`	`double`	`300`	FIXED: distance between levels in points
`ATRPeriod`	`int`	`14`	ATR mode: period
`ATRMultiplier`	`double`	`1.5`	ATR mode: step = ATR * this (frozen at level 1)
`SpacingBasePoints`	`double`	`300`	MULTIPLICATIVE: base step in points
`SpacingMultiplier`	`double`	`1.5`	MULTIPLICATIVE: step_n = base * mult^(n-1)
`BaseLot`	`double`	`0.01`	level 1 volume
`LotMultiplier`	`double`	`1.5`	lot_n = BaseLot * LotMultiplier^(n-1)
`MaxLotSize`	`double`	`10.0`	hard cap per order
`MaxGridLevels`	`int`	`10`	hard cap on open trades in one grid
`LotRoundingMode`	`ENUM_LOT_ROUNDING`	`LOT_ROUND_FLOOR`	step rounding: floor or nearest

Show all 40 inputs

Name	Type	Default	Description
`MoneyPerLotTP`	`double`	`10.0`	basket TP = TotalLots * this (account currency)
`UseTPDecay`	`bool`	`false`	shrink TP with depth
`TPDecayFactor`	`double`	`0.95`	applied as factor^(levels-1)
`UsePartialClose`	`bool`	`false`	close oldest profitable trade at X% of target
`PartialCloseRatio`	`double`	`0.8`	0..1
`UseServerSideBasketTP`	`bool`	`true`	Place computed TP on all basket orders (crash safety net)
`BasketTPSafetyFactor`	`double`	`1.0`	Server TP is this multiple of the code target (>= 1.0)
`UseProfitMoneyCap`	`bool`	`false`	halt the EA once realized balance grew by the cap
`ProfitMoneyCap`	`double`	`100.0`	account-currency growth from the balance at EA start
`MaxTotalLots`	`double`	`5.0`	hard cap on summed grid lots
`EquityStopPercent`	`double`	`30.0`	close all + halt if equity drops this % from start of day
`DailyLossPercent`	`double`	`10.0`	close all + pause until next server day
`MaxSpreadPoints`	`int`	`50`	do not arm / add above this spread
`UseSessionFilter`	`bool`	`false`
`SessionStartHour`	`int`	`0`	server time, inclusive
`SessionEndHour`	`int`	`24`	server time, exclusive
`PreBlackoutBufferMinutes`	`int`	`30`	stop new trades this many minutes before a blackout
`UseBlackout1`	`bool`	`false`
`Blackout1StartHour`	`int`	`23`	0..23 server time
`Blackout1StartMin`	`int`	`0`	0..59
`Blackout1EndHour`	`int`	`2`	0..23 server time
`Blackout1EndMin`	`int`	`0`	0..59
`UseBlackout2`	`bool`	`false`
`Blackout2StartHour`	`int`	`0`	0..23 server time
`Blackout2StartMin`	`int`	`0`	0..59
`Blackout2EndHour`	`int`	`0`	0..23 server time
`Blackout2EndMin`	`int`	`0`	0..59
`UseBlackout3`	`bool`	`false`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone Trio707/Omega-X 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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