Smart Money Hunter: Free MT5 Expert Advisor

Overview

Smart Money Hunter analyzes market structure to detect liquidity sweeps and order blocks. The EA incorporates built-in risk controls, including percentage-based risk sizing per trade, a maximum daily loss limit, and a daily trade counter limit. Trade exits and management are handled via average true range (ATR) trailing stops and a break-even function triggered at a specified risk-to-reward ratio. The repository does not include a README file.

Liquidity sweep detection

Order block identification

ATR-based trailing stop

Daily drawdown protection

Details

Author

emmydcstudio121-sys on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

SMC / ICT / price action

Markets

Gold, Forex

Timeframes

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

SmartmoneyHunterMini.mq5

Source

github.com/emmydcstudio121-sys/GOLDSmartmoneyHunterEA

Input Parameters

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

Name	Type	Default	Description
`InpLookback`	`int`	`30`	Lookback for swing points
`InpUseLiquidity`	`bool`	`true`	Detect liquidity sweeps
`InpUseOrderBlock`	`bool`	`true`	Detect order blocks
`InpRiskPercent`	`double`	`1.0`	Risk per trade (%)
`InpMaxDailyLoss`	`double`	`4.0`	Max daily loss (%)
`InpMaxDailyTrades`	`int`	`5`	Max daily trades
`InpMaxSpread`	`int`	`250`	Max spread (points)
`InpMinATR`	`double`	`1.0`	Minimum ATR
`InpUseBreakeven`	`bool`	`true`	Move to breakeven
`InpBREnableRR`	`double`	`1.0`	Breakeven at X RR
`InpUseTrailing`	`bool`	`true`	Enable trailing stop
`InpTrailStart`	`double`	`1.5`	Start trailing at X ATR

Show all 17 inputs

Name	Type	Default	Description
`InpTrailDistance`	`double`	`1.0`	Trail distance in ATR
`InpMagicNumber`	`ulong`	`10062028`
`InpTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M15`
`InpMaxPositions`	`int`	`1`
`InpTradeComment`	`string`	`SMC_Hunter`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone emmydcstudio121-sys/GOLDSmartmoneyHunterEA 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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