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 Trading Bot Forex
This MetaTrader 5 expert advisor implements a breakout scalping strategy by placing pending buy and sell stop orders relative to recent price extremes.
GitHub stars1
Forks0
Last update2 years ago18 Aug 2024
LicenceNone stated
Overview
Scalping Trading Bot Forex identifies entry levels by analyzing highs and lows over a user-defined number of bars. The robot includes built-in risk controls such as hard stop loss and take profit levels, along with a trailing stop mechanism. Users can configure the bot to use either fixed lot sizes or a percentage-based risk model. While documented for EURUSD, it utilizes generic price action logic.
- Automated buy stop and sell stop placement
- Equity-based risk percentage lot sizing
- Configurable trailing stop loss and trigger points
- Adjustable bar lookback for entry signals
Details
Author
Napatph on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Scalping, Breakout
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 ScalpingTradingBot_Forex.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lots | double | 0.1 | |
RiskPercent | double | 2.0 | RiskPercent (0 = Fix) |
OrderDistPoints | int | 200 | |
TpPoints | int | 200 | |
SlPoints | int | 200 | |
TslPoints | int | 5 | |
TslTriggerPoints | int | 5 | |
Timeframe | ENUM_TIMEFRAMES | PERIOD_H1 | |
BarsN | int | 5 | |
ExpirationHours | int | 50 | |
Magic | int | 111 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Napatph/Scalping-Trading-Bot-Forex 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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