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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
Scalping Bot
This automated expert advisor for MetaTrader 5 focuses on short-term technical trading using a combination of trend and momentum indicators.
GitHub stars3
Forks0
Last update10 months ago6 Nov 2025
LicenceCustom licence
Overview
Scalping Bot triggers entries based on RSI levels, Exponential Moving Average crossovers, and Bollinger Band deviations. Risk is managed through dynamic lot sizing and ATR-based stop loss and take profit levels. The EA includes protective features like a trailing stop, maximum daily loss percentage, and a trade frequency cap. It also provides filters for trading hours and maximum spread to avoid unfavorable market conditions.
- Multi-indicator confirmation using RSI and EMA
- Dynamic ATR-based stop loss and take profit
- Account protection with daily loss limits
- Time and spread filtering logic
Details
Author
ilearncoding247 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Scalping, Indicator crossover, Mean reversion
Markets
Forex
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 ScalpingBot.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskPercent | double | 1.0 | Risk per trade (%) |
MinLotSize | double | 0.01 | Minimum lot size |
MaxLotSize | double | 0.1 | Maximum lot size |
MagicNumber | int | 123456 | Magic number for this EA |
RSI_Period | int | 14 | RSI Period |
RSI_Overbought | int | 70 | RSI Overbought Level |
RSI_Oversold | int | 30 | RSI Oversold Level |
Fast_EMA_Period | int | 9 | Fast EMA Period |
Slow_EMA_Period | int | 21 | Slow EMA Period |
ATR_Period | int | 14 | ATR Period for volatility |
BB_Period | int | 20 | Bollinger Bands Period |
BB_Deviation | double | 2.0 | Bollinger Bands Deviation |
Show all 25 inputs
| Name | Type | Default | Description |
|---|---|---|---|
StopLossMultiplier | double | 1.5 | Stop Loss (ATR multiplier) |
TakeProfitMultiplier | double | 2.5 | Take Profit (ATR multiplier) |
UseTrailingStop | bool | true | Use Trailing Stop |
TrailingStopMultiplier | double | 1.0 | Trailing Stop (ATR multiplier) |
MaxDailyLossPercent | double | 5.0 | Max Daily Loss (%) |
MaxTradesPerDay | int | 10 | Max Trades Per Day |
UseTimeFilter | bool | true | Use Time Filter |
StartHour | int | 8 | Start Trading Hour (Server Time) |
EndHour | int | 22 | End Trading Hour (Server Time) |
AvoidNews | bool | true | Avoid high spread times |
Slippage | int | 10 | Max Slippage (points) |
MinSpreadPips | double | 0.0 | Min Spread to Trade (pips) |
MaxSpreadPips | double | 3.0 | Max Spread to Trade (pips) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone ilearncoding247/Auto-trading-bot 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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