Phantom Edge: Free MT5 EA Download & Source Code

Overview

Phantom Edge identifies entries using a combination of technical indicators, including RSI, MACD, and SMA, while validating setups through multi-timeframe analysis of M15 liquidity sweeps and M30 trend breaks. The EA features comprehensive trade management tools such as ATR-based dynamic trailing stops, profit locking, and partial position closing. Risk is managed through a recovery mode and a drawdown-triggered hedging system that uses lot scaling to manage open baskets.

Multi-timeframe liquidity sweep detection

ATR-based dynamic trailing stop and take profit

Drawdown-triggered hedging and recovery mode

Volatility breakout trading module

Equity-based profit lock mechanism

Details

Input Parameters

Read from PHANTOM_EDGE_v0.15.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Lots`	`double`	`0.1`	Fallback lot size if risk-based calc fails [Trade Settings]
`UseIncrementalLots`	`bool`	`true`	Enable incremental lot sizing [Trade Settings]
`LotIncrement`	`double`	`0.2`	Increment size for lot scaling [Trade Settings]
`MaxTrades`	`int`	`1`	Maximum number of normal trades allowed [Trade Settings]
`TradeFrequency`	`int`	`10`	Minimum seconds between trades [Trade Settings]
`SLMultiplier`	`double`	`7.5`	Stop-loss distance multiplier (e.g., ATR multiplier) [Trade Settings]
`TP`	`double`	`1750`	Fixed take profit offset (price units) for normal trades (0 to disable) [Trade Settings]
`UseTrailingStop`	`bool`	`true`	Enable trailing stop [Trade Settings]
`TrailingStopMultiplier`	`double`	`3.5`	Trailing stop distance = ATR * multiplier [Trade Settings]
`UseTrailingTP`	`bool`	`true`	Enable trailing take profit [Trade Settings]
`EnableHedging`	`bool`	`true`	Enable hedging on drawdown [Risk Management]
`MaxDrawdownPercent`	`double`	`10.0`	Drawdown percentage to trigger hedging [Risk Management]

Show all 40 inputs

Name	Type	Default	Description
`HedgeLotMultiplier`	`double`	`1.5`	Hedge trade lot multiplier [Risk Management]
`EnableRecoveryMode`	`bool`	`true`	Enable recovery mode [Risk Management]
`ReverseMode`	`bool`	`false`	Invert trade signals if enabled [Risk Management]
`ReverseBreakoutTrades`	`bool`	`false`	Reverse breakout trade signals if enabled [Risk Management]
`MaxVolatilityTrades`	`int`	`2`	Maximum breakout trades allowed [Risk Management]
`UseProfitLock`	`bool`	`true`	Enable profit lock mechanism [Profit Protection]
`ProfitLockPercent`	`double`	`2.0`	Equity must increase by this % from trade entry to trigger profit lock [Profit Protection]
`UseDynamicTP`	`bool`	`true`	Use ATR-based dynamic take profit [Profit Protection]
`DynamicTPMultiplier`	`double`	`2.0`	Multiplier for ATR to set dynamic TP [Profit Protection]
`UseDynamicSLAdjustment`	`bool`	`true`	Enable dynamic SL tightening for fast profit moves [Profit Protection]
`SLAdjustmentThreshold`	`double`	`0.5`	If price moves > this multiple of ATR in one candle, adjust SL [Profit Protection]
`SLTightenMultiplier`	`double`	`0.5`	New SL distance = ATR * this multiplier (from current price) [Profit Protection]
`UseTimeBasedExit`	`bool`	`false`	Enable time-based trade exit [Profit Protection]
`TradeMaxDurationMinutes`	`int`	`120`	Maximum allowed trade duration in minutes [Profit Protection]
`UseCurrencyBasedTP`	`bool`	`false`	Enable fixed-dollar TP instead of pip-based [Profit Protection]
`CurrencyTP`	`double`	`50.0`	Fixed dollar profit target per trade [Profit Protection]
`RSI_Period`	`int`	`14`	Period for RSI indicator [Indicators]
`MA_Period`	`int`	`50`	Period for the SMA (for trend detection) [Indicators]
`MACD_Fast`	`int`	`12`	MACD fast period [Indicators]
`MACD_Slow`	`int`	`26`	MACD slow period [Indicators]
`MACD_Signal`	`int`	`9`	MACD signal period [Indicators]
`ATR_Period`	`int`	`14`	ATR period [Indicators]
`ATR_Average_Period`	`int`	`14`	ATR average period (for breakout validation) [Indicators]
`EnableVolatilityBreakout`	`bool`	`false`	Enable breakout trades based on volatility [Volatility Breakout]
`ATR_Multiplier`	`double`	`2.0`	Breakout condition: ATR > (average ATR * multiplier) [Volatility Breakout]
`SL_Points`	`int`	`50`	Fixed SL in points for breakout trades [Volatility Breakout]
`TP_Points`	`int`	`100`	Fixed TP in points for breakout trades [Volatility Breakout]
`Lookback_Candles`	`int`	`3`	Number of candles to look back for breakout [Volatility Breakout]

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone tHeStRyNg/phantom_edge 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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Phantom Edge

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