This MetaTrader 5 expert advisor automates several price action strategies, including pin bar reversals at support and resistance levels, trendline bounces, and break-and-retest patterns.
The robot employs multi-timeframe analysis to align entries with higher timeframe trends. Risk controls include percentage-based position sizing, maximum daily loss limits, and account drawdown protection. For active trade management, it features a trailing stop and break-even automation. Although the project is currently under development, it includes session-based filters, a visual dashboard, and automated chart annotations for technical analysis.
Read from PriceActionMaster.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
Risk_Percent
double
2.0
Risk per trade (%)
Risk_Reward_Ratio
double
2.0
Risk:Reward ratio
Max_Open_Trades
int
1
Maximum open positions
Max_Daily_Loss
double
6.0
Max daily loss (%)
Max_Drawdown
double
20.0
Max drawdown (%)
PinBar_Wick_Ratio
double
2.0
Wick to body ratio (min)
PinBar_Body_Percent
double
33.0
Body size (% of total candle)
SR_Lookback_Bars
int
500
Bars to scan for S/R
SR_Touch_Distance
int
20
Touch tolerance (pips)
SR_Min_Touches
int
2
Minimum touches required
Use_Trailing_Stop
bool
true
Enable trailing stop
Trailing_Start
int
30
Start trailing at profit (pips)
Show all 27 inputs
Name
Type
Default
Description
Trailing_Step
int
10
Trailing step size (pips)
Use_BreakEven
bool
true
Enable break even
BreakEven_Profit
int
20
Move SL to BE at profit (pips)
BreakEven_Plus
int
5
Extra pips locked at BE
Trade_Asian_Session
bool
false
Trade Asian session (00-09 GMT)
Trade_London_Session
bool
true
Trade London session (08-17 GMT)
Trade_NewYork_Session
bool
true
Trade New York session (13-22 GMT)
Use_MTF_Confirmation
bool
true
Use H4 trend confirmation
Higher_Timeframe
ENUM_TIMEFRAMES
PERIOD_H4
Higher timeframe (bias)
Entry_Timeframe
ENUM_TIMEFRAMES
PERIOD_H1
Entry timeframe
Show_Dashboard
bool
true
Show dashboard panel
Draw_SR_Lines
bool
true
Draw S/R lines
Draw_PinBar_Arrows
bool
true
Draw pin bar arrows
Draw_Trendlines
bool
true
Draw trendlines
Draw_Session_Lines
bool
false
Draw session start/end lines
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone fikribuoy-droid/MT5-PriceAction-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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