EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di
Trading robot · MT5
Pivot Points Engulfing EA
This MetaTrader 5 expert advisor executes trades based on daily classic pivot points combined with the engulfing candlestick pattern on the M15 timeframe.
High risk
GitHub stars1
Forks0
Last update4 months ago30 Jun 2026
LicenceNone stated
Overview
Pivot Points Engulfing EA employs a 200-period Exponential Moving Average as a trend filter to refine entries. Risk management includes a martingale lot scaling system that increases position sizes after losses, though it is capped by a maximum step setting. The robot features a built-in spread filter, a time-based trading window, and a maximum equity drawdown percentage limit to protect the account from significant losses.
- Daily classic pivot point levels
- M15 engulfing candlestick pattern detection
- Martingale lot multiplier logic
- EMA 200 trend direction filter
- Equity drawdown percentage protection
Details
Input Parameters
Read from PivotPointsEngulfingEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 123456 | Magic Number |
StartLot | double | 0.01 | Начальный лот |
MartingaleMultiplier | double | 2.0 | Множитель Мартингейла |
MaxMartingaleSteps | int | 3 | Макс. шагов мартингейла |
MaxLot | double | 1.0 | Максимальный лот |
SL_BufferPoints | int | 15 | Буфер SL в пункта? |
TouchBufferPoints | int | 10 | Буфер касания уровней |
UseEMAFilter | bool | true | Использовать EMA200 фильтр |
EMA_Period | int | 200 | Период EMA |
MaxSpreadPoints | int | 30 | Макс. спред в пункта? |
MaxDrawdownPercent | double | 20.0 | Макс. просадка (%) |
StartHour | int | 7 | Начало торгового окна |
Show all 13 inputs
| Name | Type | Default | Description |
|---|---|---|---|
EndHour | int | 22 | Конец торгового окна |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone yokaicode/PivotPointsEngulfingEA 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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