Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
Trading robot · MT5
Prem Gold Advisor
Prem Gold Advisor is an automated MetaTrader 5 expert advisor specialized for XAUUSD (Gold) trading on the five-minute timeframe.
High risk
GitHub stars1
Forks0
Last update4 weeks ago22 Aug 2026
LicenceNone stated
Overview
Prem Gold Advisor initiates trades using breakout levels placed at specific distances from the candle open. The strategy features a progressive scale-in mechanism, adding new orders as the price hits successive take-profit targets. Risk management includes an initial stop loss, a trailing stop that locks in profit at each level, and spread filters. Users can configure trading hours and maximum concurrent baskets. The repository contains multiple versions but lacks a documentation file.
- Five-level take profit ladder with scale-in logic
- M5 candle-based breakout entry system
- Integrated trailing stop and break-even buffer
- Customizable trading hours and Friday close session
- On-chart information panel and visual guide lines
Details
Author
Premkumar238 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout, Trend following, Martingale, Grid, Hedging
Markets
Gold
Timeframes
M15-H1
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
- Holds opposite positions at once
- Trades without a fixed stop loss
EA files
Input parameters
Read from PremGoldAdvisorV1.3.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpTradeEnabled | bool | true | Enable auto trading |
InpEnableBuy | bool | true | Enable Buy baskets |
InpEnableSell | bool | true | Enable Sell baskets |
InpLotSize | double | 0.01 | Lot size per order |
InpMagic | ulong | 130213 | Magic number |
InpDeviationPoints | int | 50 | Max slippage / deviation (points) |
InpMaxRetries | int | 3 | Order send retries |
InpComment | string | PGA-V1.3 | Order comment tag |
InpWorkTimeframe | ENUM_TIMEFRAMES | PERIOD_M5 | Working timeframe (M5) |
InpDistanceMode | ENUM_DIST_MODE | DIST_PRICE | Distance mode (entry / TP / SL) |
InpBuyEntryDistance | double | 2.00 | Buy level = Open + distance |
InpSellEntryDistance | double | 2.00 | Sell level = Open - distance |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpRequireLeaveFirst | bool | false | If already near level, wait leave then retest |
InpAllowBothDirections | bool | true | Allow both Buy+Sell on same candle |
InpTp1 | double | 0.50 | TP1 distance from fill |
InpTp2 | double | 1.00 | TP2 distance from fill |
InpTp3 | double | 1.50 | TP3 distance from fill |
InpTp4 | double | 2.00 | TP4 distance from fill |
InpTp5 | double | 2.50 | TP5 distance from fill |
InpInitialSl | double | 5.00 | Initial SL on first order (0 = NONE — unlimited risk) |
InpTrailEnabled | bool | true | After TPn lock remaining SL at TPn |
InpScaleInOnTp | bool | true | Open next order only after previous TP is touched |
InpBreakEvenBuffer | double | 0.10 | Extra price buffer if interim BE is used |
InpBeCompensateSpread | bool | true | Cover spread if interim BE is applied |
InpCommissionPerLot | double | 0.0 | Round-turn commission per 1.0 lot (account ccy) |
InpBreakevenExtraPoints | int | 0 | Extra points beyond net BE + buffer |
InpAllowStackCycles | bool | false | Allow new basket while same side still open |
InpMaxActiveBaskets | int | 2 | Max concurrent baskets (0=off) |
InpMaxOpenPositions | int | 50 | Hard cap on EA open positions (0=off) |
InpMaxSpread | double | 0.80 | Max spread in price (0=off) |
InpStartHour | int | 0 | Trading start hour (server) |
InpEndHour | int | 23 | Trading end hour (server) |
InpCloseOnFriday | bool | false | Close all late Friday |
InpFridayCloseHour | int | 21 | Friday close hour (server) |
InpShowPanel | bool | true | Show on-chart panel |
InpPanelX | int | 12 | Panel X offset |
InpPanelY | int | 18 | Panel Y offset |
InpShowLevels | bool | true | Draw entry / TP guide lines |
InpApplyChartTheme | bool | true | Dark gold chart theme |
InpLogActions | bool | true | Print trail / open actions to Experts log |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Premkumar238/PremGoldAdvisor 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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