Prop Firm EA Fleet is a collection of MetaTrader 5 robots designed for passing prop firm evaluations and managing funded accounts. The suite utilizes various strategies including market structure analysis, session range breakouts for London and New York sessions, and high-frequency scalping. It features strict risk man
Trading robot · MT5
Price Action EA
This MetaTrader 5 expert advisor automates a multi-timeframe price action strategy, identifying price extremes on a higher timeframe to seek entries on a lower timeframe.
GitHub stars2
Forks0
Last update1 year ago20 Jan 2025
LicenceNone stated
Overview
Price Action EA features time-of-day filters and robust risk management, including percentage-based position sizing, maximum daily trade counts, and daily profit and loss targets. The system enforces a fixed risk-to-reward ratio and minimum stop-loss distances. Notably, the code includes a hardcoded expiration date of February 2025 and lacks a README, requiring users to rely on the source code to understand its internal logic.
- Multi-timeframe extremum detection
- Daily profit and loss protection
- Session-based time filtering
- Fixed risk-to-reward management
- Configurable peak and bottom distance
Details
Author
Far-1d on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action, Breakout
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from PriceActionEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
highTF | ENUM_TIMEFRAMES | PERIOD_M5 | Higher TimeFrame |
lowTF | ENUM_TIMEFRAMES | PERIOD_M1 | Lower TimeFrame |
candleCount | int | 20 | Candles to Check in Higher TF |
startTime | string | 12:00 | Start Time |
endTime | string | 18:00 | End Time |
RR | double | 2 | Risk to Reward |
extDistance | int | 10 | Minimum Extermum Distance | point |
conduit | double | 2 | Bigger Number = More Distanced Peaks and Bottoms |
riskCalcMtd | riskMethods | profit | How to Calculate Risk ? |
minSL | int | 10 | Min SL Distance | point |
Magic | int | 1234 | Magic number |
maxDailyTrades | int | 20 |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
riskPercent | double | 0.5 | Risk Per Trade | % |
dailyProfit | double | 2 | Daily Profit Target | % |
dailyLoss | double | 1 | Daily Loss Limit | % |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Far-1d/price-action-ea 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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