This Expert Advisor for MetaTrader 5 is specifically designed for XAUUSD trading on the M1 timeframe. It utilizes a hybrid strategy combining classic technical indicators like RSI, Moving Averages, and ATR with an OpenAI API integration for signal validation. The robot features an on-chart dashboard for telemetry and i
Trading robot · MT5
Scalping Robot ML
This expert advisor for MetaTrader 5 performs scalping by identifying price levels based on a configurable lookback period.
GitHub stars2
Forks1
Last update1 year ago24 Dec 2024
LicenceNone stated
Overview
Scalping Robot ML incorporates a machine learning signal filter, requiring a separate Python environment to classify high-probability trade setups using historical market data. The robot manages entries within specific time windows and limits the total number of concurrent positions. Risk management is handled through fixed stop loss and take profit targets, supplemented by a trailing stop mechanism that activates after a predefined profit threshold is met.
- Machine learning signal filter
- Adjustable lookback period
- Time-based trading windows
- Trailing stop loss activation
- Concurrent position limits
Details
Author
Red-misst on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Scalping, AI / machine learning
Markets
Forex
Timeframes
M1-M5
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 |
|---|---|---|---|
BarsN | int | 10 | number of bars to look back |
Tppoints | int | 230 | take profit (10 points = 1 pip) |
Slpoints | int | 25 | stoploss points (10 points = 1 pip) |
TslTriggerPoints | int | 25 | points in profit before trailing SL is activated |
TslPoints | int | 10 | trailing stoploss (10 points = 1 pip) |
Timeframe | ENUM_TIMEFRAMES | PERIOD_CURRENT | timeframe to run |
InpMagic | int | 292929 | EA identification number |
TradeComment | string | scalping robot | |
MaxTrades | int | 10 | maximum number of open positions |
SHInput | StartHour | 10 | time to start trading |
EHInput | EndHour | 22 | time to stop trading |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Red-misst/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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