Scalpflip EA is an automated scalping robot for MetaTrader 5 that utilizes a multi-layered technical analysis approach. It offers three entry modes: trend-following, mean-reversion, and a smart mode that selects the strategy based on current market conditions. The system filters trades using the Relative Strength Index
Trading robot · MT5
Quants EA
Quants EA is an automated trading tool for MetaTrader 5 that utilizes the Bill Williams Market Facilitation Index (BWMFI) to analyze market dynamics.
GitHub stars1
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Last update2 years ago29 Jun 2024
LicenceNone stated
Overview
Quants EA monitors price highs and candle ranges to identify potential entries when MFI values meet specific thresholds. The expert advisor incorporates multi-stage risk management through initial, mid, and final stop-loss values, along with a time-based trade closure mechanism. It uses fixed lot sizing for volume control. While the code suggests range-bound logic, the project documentation is minimal and focuses on the core technical implementation of the MFI-based strategy.
- Bill Williams Market Facilitation Index integration
- Tiered stop-loss management system
- Range-based price action detection
- Time-based trade exit logic
Details
Author
Khethu575 on GitHub
Type
Trading robot
Platform
Strategy
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 QuantsEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
CloseTradeSeconds | ushort | 20 | |
LotSize | double | 0.01 | |
BWMFILevel | int | 8 | Set your desired MFI threshold value (assuming 8 as an example) |
InitialStopLossValue | ushort | 150 | |
MidStopLossValue | ushort | 50 | |
FinalStopLossValue | ushort | 20 | |
TimeFrame | ENUM_TIMEFRAMES | PERIOD_CURRENT |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone Khethu575/Quants_Mql5 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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