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
PSAR Hedge Strategy EA
This MetaTrader 5 expert advisor implements a trend-following strategy based on the Parabolic SAR indicator combined with hedging logic.
GitHub stars1
Forks0
Last update1 year ago13 Jun 2025
LicenceNone stated
Overview
PSAR Hedge Strategy EA identifies market direction using standard PSAR parameters and manages positions through automated risk controls. The system allows users to define risk as a fixed lot size or a percentage of account balance or equity. Safety features include a hard stop loss, a target profit threshold based on equity, and a time filter to avoid volatility during market openings and closings. The repository provides multiple variations of the core logic without additional documentation.
- Parabolic SAR trend identification
- Equity and balance-based risk management
- Configurable market open and close time filters
- Automated hedging position management
- Hard stop loss and take profit protection
Details
Author
cgmond on GitHub
Type
Trading robot
Platform
Strategy
Markets
Any symbol
Timeframes
Any timeframe
Risk Profile
- Holds opposite positions at once
EA Files
Source
Input Parameters
Read from Parbolics by Luis.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TradingTimeframe | ENUM_TIMEFRAMES | PERIOD_D1 | Trading Timeframe |
InitialLots | double | 0.1 | Initial Lot Size |
RiskType | ENUM_RISK_TYPE | RISK_FIXED | Risk Management Type |
RiskAmount | double | 0.1 | Risk Amount (lots/% based on type) |
PSARStep | double | 0.02 | PSAR Step |
PSARMaximum | double | 0.2 | PSAR Maximum |
SmallLossThreshold | double | 2.0 | Small Loss Threshold (% of equity/balance) |
UseEquityForCalculation | bool | true | Use Equity (true) or Balance (false) |
HardStopLoss | double | 10.0 | Hard Stop Loss (% of equity/balance) |
HappyTakeProfit | double | 5.0 | Happy Take Profit (% of equity/balance) |
EnableTimeFilter | bool | true | Enable Trading Time Filter |
AvoidHoursBeforeClose | int | 1 | Hours to avoid before market close |
Show all 13 inputs
| Name | Type | Default | Description |
|---|---|---|---|
AvoidHoursAfterOpen | int | 1 | Hours to avoid after market open |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone cgmond/SAGO 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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