Pattern Scalp EA is an MT5 trading robot that automates a session-based scalping methodology tailored for index markets such as NAS100, US30, and US500.
The advisor evaluates the initial 15-minute session candle against Daily ATR to determine market qualification and establish a contrarian bias. It enters positions based on specialized candlestick formations, including John Wick doji signals and Power Tower engulfing patterns. Risk control options include fixed USD position sizing, customizable stop loss buffers, timed entry windows, forced session closures, partial profit taking with break-even adjustments, and on-chart visualization markers.
Read from PatternScalp_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpSessionStart
string
16:30
Session/box start (HH:MM, BROKER server time)
InpEntryWindowHours
double
7.0
Stop looking for a NEW entry this many hours after session start
InpForceCloseHours
double
8.0
Force-close any still-open position this many hours after session start
InpAtrMultPct
double
20.0
Box candle range must exceed this % of Daily ATR(14) to qualify
InpAtrLen
int
14
InpJohnWickBodyMult
double
1.5
John Wick: same-side wick >= x * body
InpJohnWickOppMult
double
1.3
John Wick: opposite wick <= x * same-side wick
InpEngulfMaxWickPct
double
40.0
Power Tower: max wick % of body (each side)
InpStopBufferPoints
double
15.0
Stop buffer beyond the wick/invalidation level, in points
InpTPStyle
ENUM_TP_STYLE
TP_PARTIAL_BREAKEVEN
InpPartialClosePct
double
50.0
% of position closed at the 1:1 point (TP_PARTIAL_BREAKEVEN only) - no number was specified, 50% is a reasonable default
InpRiskUSD
double
1000.0
Fixed $ risk per trade
Show all 16 inputs
Name
Type
Default
Description
InpSlippagePoints
int
20
InpMagicNumber
ulong
774411
InpTradeComment
string
PatternScalp
InpShowVisuals
bool
true
Draw the box/labels/entry markers on the chart
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone spice2807/Pattern-Scalp-Strategy-by-TheRumers 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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