This MetaTrader 5 expert advisor collection employs institutional trading concepts to execute trades across forex, commodities, and cryptocurrency markets.
Smart Consensus Pro utilizes a dual-timeframe approach, analyzing the H1 chart for trend direction and M15 for execution. Entry signals require multiple confirmations from RSI, MACD, and price action factors including volume spikes and liquidity sweeps. The system manages risk through fixed percentage lot sizing, mandatory stop loss and take profit levels, and an ATR-based trailing stop. It supports various order types including market, limit, and stop-limit orders.
Read from SmartConsensus_BTC.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
Timeframe_Trend
ENUM_TIMEFRAMES
PERIOD_H1
Higher Timeframe: 1 Hour (Trend)
Timeframe_Entry
ENUM_TIMEFRAMES
PERIOD_M15
Lower Timeframe: 15 Minutes (Entry)
Enable_Market_Orders
bool
true
Market Orders: Buy/Sell at current price
Enable_Limit_Orders
bool
true
Limit Orders: Buy Limit/Sell Limit
Enable_Stop_Orders
bool
true
Stop Orders: Buy Stop/Sell Stop
Enable_StopLimit_Orders
bool
true
Stop-Limit Orders: Buy Stop Limit/Sell Stop Limit
Allow_Multiple_Entries_Per_Signal
bool
false
If false, only one order executes per signal
Pending_Order_Expiry_Seconds
int
43200
Pending Order Expiry: 12 Hours (43200 seconds)
Risk_Percent
double
1.0
Risk Per Trade: 1% of account
Reward_Risk_Ratio
double
3.0
Reward to Risk Ratio: 1:3 (3.0 = 3x reward)
Maximum_Spread_Points
int
4500
Maximum Spread (points)
Slippage_Points
int
2000
Slippage: 2000 points
Show all 31 inputs
Name
Type
Default
Description
Maximum_Lot_Size
double
0.01
Max Lot Size (from Settings)
Min_Lot_Size
double
0.01
Min Lot Size (from Settings)
Daily_Trade_Target
int
10
Daily Trade Target: 10 trades per day
Minimum_Confirmations
int
2
Minimum Confirmations: 2 required
ATR_Filter_Min
double
35000.0
Minimum ATR in points
Cooldown_Seconds
int
0
Cooldown: 0 seconds (no cooldown)
Fill_Policy
ENUM_ORDER_TYPE_FILLING
ORDER_FILLING_IOC
Fill Policy: IOC (Immediate or Cancel)
Enable_Trailing_Stop
bool
true
Enable Trailing Stop
Trailing_Start_ATR
double
1.2
Trailing Start: 1.2 ATR
Trailing_Step_ATR
double
0.6
Trailing Step: 0.6 ATR
RSI_Period
int
14
RSI_Overbought
int
65
RSI_Oversold
int
35
MACD_Fast_Period
int
12
MACD_Slow_Period
int
26
MACD_Signal_Period
int
9
ATR_Period
int
14
Enable_Debug_Prints
bool
false
Enable_Trading_Enabled
bool
true
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone tripleonesoft-design/-professional-trading-bots 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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