Shakuni Trap: Free MT5 Expert Advisor

Overview

The collection features multiple Expert Advisors, with the primary OneShot version utilizing M1 to M5 timeframes. This strategy executes trades based on EMA bounces or Donchian Channel breakouts, requiring alignment with higher timeframe trends. Risk management is a core focus, incorporating ATR-based stop losses, trailing stops, and hard daily loss limits. The repository documents various experiments, including versions that explore dollar-cost averaging and different indicator filters. It provides comprehensive risk controls like maximum drawdown caps and trade cooldown periods.

ATR-based trailing stop loss

Daily loss and drawdown limits

Multi-timeframe trend filters

EMA and Donchian channel entries

Automated Friday session exit

Details

Input Parameters

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

Name	Type	Default
`InpMagic`	`long`	`26081801`
`InpDeviationPoints`	`int`	`40`
`InpComment`	`string`	`OSR`
`InpAllowLong`	`bool`	`true`
`InpAllowShort`	`bool`	`true`
`InpDebug`	`bool`	`false`
`InpRiskPercent`	`double`	`1.0`
`InpMaxLossFrac`	`double`	`0.10`
`InpDailyLossPercent`	`double`	`3.0`
`InpMaxDrawdownPercent`	`double`	`10.0`
`InpFlattenOnDailyLoss`	`bool`	`false`
`InpMaxTradesPerDay`	`int`	`6`

Show all 40 inputs

Name	Type	Default	Description
`InpCooldownBars`	`int`	`8`
`InpStopATR`	`double`	`2.50`
`InpHtfStopFrac`	`double`	`0.70`	floor SL with HTF ATR (M1/M5)
`InpTpATR`	`double`	`3.00`
`InpUseTrail`	`bool`	`true`
`InpTrailActivateR`	`double`	`1.00`
`InpTrailATR`	`double`	`1.20`
`InpTimeStopBars`	`int`	`48`
`InpTimeStopMinR`	`double`	`0.20`
`InpFlattenFriday`	`bool`	`true`
`InpFridayFlattenHour`	`int`	`21`
`InpHtfEmaPeriod`	`int`	`21`
`InpHtfNeedSlope`	`bool`	`false`
`InpATRPeriod`	`int`	`14`
`InpEmaPeriod`	`int`	`21`
`InpDonchianBars`	`int`	`3`
`InpBodyATR`	`double`	`0.04`
`InpBreakATR`	`double`	`0.00`
`InpPullbackATR`	`double`	`1.20`
`InpRequireBoth`	`bool`	`false`	true = old rare AND
`InpMaxExtHtfATR`	`double`	`2.50`	vs HTF EMA / HTF ATR
`InpShockATR`	`double`	`3.20`
`InpUseRegimeFilter`	`bool`	`false`
`InpADXPeriod`	`int`	`14`
`InpAdxEnter`	`double`	`16.0`
`InpUseAdrFilter`	`bool`	`false`
`InpAdrMaxFrac`	`double`	`0.95`
`InpAdrDays`	`int`	`20`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone vedkanani123/shakuni_trap 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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Shakuni Trap

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