Pivot Points Engulfing EA: Free MT5 Expert Advisor

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

Author

yokaicode on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Martingale

Markets

Forex, Gold

Timeframes

M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

PivotPointsEngulfingEA.mq5

Source

github.com/yokaicode/PivotPointsEngulfingEA

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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