Quick Flip Scalper: Free MT5 Expert Advisor

Overview

The EA establishes a daily starting range box at a specified time and monitors price breakouts on lower timeframes, typically the five-minute chart. It filters trades using a contrarian daily bias, daily ATR requirements, and specific candlestick patterns like hammers or engulfing bars. Risk controls include native stop losses, take profits, partial close settings, and custom risk-per-trade in account currency. The README is minimal, and the strategy is primarily intended for backtesting.

Contrarian daily bias filter

Hammer and engulfing pattern detection

ATR-based range and SL buffer filters

Partial close and break-even TP modes

Fixed dollar-amount risk per trade

Details

Author

spice2807 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Mean reversion

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

QuickFlip_Scalper_EA.mq5

Source

github.com/spice2807/Quick-Flip-Scalping-Strategy-by-Carl

Input Parameters

Read from QuickFlip_Scalper_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpStartTime`	`string`	`09:30`	Box/Window Start Time (HH:MM, broker server time)
`InpWindowMins`	`int`	`90`	New-Signal Trading Window (Minutes)
`InpUseAtrFilter`	`bool`	`true`	Require Box Range >= 25% of Prev Daily ATR(14)
`InpEntryTF`	`ENUM_TIMEFRAMES`	`PERIOD_M5`	Entry Signal Timeframe (decoupled from the fixed 15M box)
`InpRequireFullRangeOutsideBox`	`bool`	`false`	true = candle's full HIGH/LOW must clear box (original EA rule). false = close-based (relaxed, default)
`InpUseDayBias`	`bool`	`true`	Contrarian bias: bullish box->SELL only, bearish box->BUY only
`InpDojiBodyPct`	`double`	`10.0`	Box candle body < this % of range = Doji (bias filter off that day)
`InpMinExtensionCandles`	`int`	`3`	Hammer valid only within first N candles of the move, or immediately after
`InpHammerOppWickPct`	`double`	`100.0`	Hammer opposite-wick cap, % of body
`InpNoWickPoints`	`double`	`1.0`	Opposite wick <= this many points -> immediate market entry instead of pending stop
`InpEngulfWickPct`	`double`	`20.0`	Engulfing: EACH wick individually <= this % of body
`InpSLBufferPct`	`double`	`10.0`	SL buffer = this % of M5 ATR(14), read at signal time

Show all 23 inputs

Name	Type	Default	Description
`InpTPMode`	`ENUM_TP_MODE`	`TP_FULL_TP2`	Take-profit management mode (see enum above)
`InpPartialClosePct`	`double`	`50.0`	% of position closed at TP1 in TP_PARTIAL_BE mode
`InpRiskUSD`	`double`	`100.0`	Risk per trade in account currency
`InpMinLots`	`double`	`0.0`	0 = use symbol's minimum lot as floor
`InpSlippagePoints`	`int`	`20`	Max slippage for market-order (no-wick hammer) fills
`InpEODTime`	`string`		Blank = no forced EOD action at all
`InpCancelPendingAtEOD`	`bool`	`true`	If EOD set: cancel any still-unfilled pending order
`InpCloseActiveAtEOD`	`bool`	`true`	If EOD set: force-close any still-open position
`InpMaxTradesPerDay`	`int`	`0`	0 = unlimited sequential trades per day (gated by window anyway)
`InpMagicNumber`	`ulong`	`778222`
`InpTradeComment`	`string`	`QuickFlip`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone spice2807/Quick-Flip-Scalping-Strategy-by-Carl 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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