Smart Scalp PA: Free MT5 Expert Advisor

Overview

Smart Scalp PA identifies market entries using Engulfing and Pin Bar candle patterns confirmed by a higher timeframe EMA 50 trend filter. The system incorporates support and resistance clustering based on pivot highs and lows, requiring multiple touches for level validation. Risk management features include dynamic stop losses placed behind candle wicks and a fixed 2:1 risk-to-reward ratio. The logic operates on closed bars to prevent signal repainting.

Engulfing and pin bar pattern recognition

Higher timeframe EMA trend filtering

Multi-touch support and resistance detection

Internal 10-pip stop loss cap

Details

Author

logiccrafterdz on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Scalping

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

Engulfing_with_Trend_EA.mq5

Topics

algorithmic-tradingfinanceforexmetatrader5mql5pine-scriptprice-actiontrading-bottradingviewscalping-system

Source

github.com/logiccrafterdz/Strategy005-Smart-Scalp-PA

Input parameters

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

Name	Type	Default	Description
`Lots`	`double`	`0.10`	Trade lot size
`BoringThreshold`	`int`	`25`	Boring candle body % of range (previous candle)
`EngulfingThreshold`	`int`	`50`	Engulfing candle body % of range (current candle)
`StopLevelPips`	`int`	`200`	Base stop level in pips (internally capped to 10)
`SRLookbackBars`	`int`	`200`	Lookback for S/R clustering
`PivotLeft`	`int`	`5`	Left bars for pivot
`PivotRight`	`int`	`5`	Right bars for pivot
`Magic`	`int`	`272727`	Magic number for this EA

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone logiccrafterdz/Strategy005-Smart-Scalp-PA 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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