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
Scalping EA
This expert advisor for MetaTrader 5 implements a scalping strategy using a combination of trend and momentum indicators.
GitHub stars1
Forks0
Last update3 years ago13 Jun 2023
LicenceNone stated
Overview
Scalping EA determines trend direction via three Smoothed Moving Averages (21, 50, and 200 periods) and uses the Relative Strength Index (RSI) as a filter. Entries are triggered by price breakouts of Fractal levels and confirmed by bullish engulfing candlestick patterns. The repository is minimal, lacking a README or externalized input parameters. Notably, the EA re-initializes indicator handles on every tick and uses a hardcoded lot size without visible stop loss or take profit settings.
- Triple SMMA trend filtering
- Fractal breakout detection
- Bullish engulfing candle recognition
- Integrated RSI momentum filter
Details
Author
DeathG7n on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Scalping, Breakout
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
- Trades without a fixed stop loss
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone DeathG7n/Scalping-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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