Otto EA: Free MT5 Expert Advisor

Overview

Otto EA utilizes a proprietary Wick1+Wick2 support and resistance block methodology to identify market structure and potential entry points. The system includes a sophisticated trade management suite featuring ATR-based trailing stops, cost-basis break-even logic, and pyramiding for position scaling. Risk controls are highly modular, incorporating a news shield, correlation filters, and automated position sizing to protect capital. The code structure separates trade execution from market analysis and journaling.

Wick1+Wick2 support and resistance block manager

Integrated news shield and correlation veto system

ATR-based trailing stop and break-even management

Pyramiding basket order logic for position building

Automated position sizing and risk management module

Details

Author

vickygujjar17 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

SMC / ICT / price action

Markets

Any symbol

Timeframes

Any timeframe

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

otto.mq5

Source

github.com/vickygujjar17/OTTO-

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone vickygujjar17/OTTO- 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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