This MetaTrader 5 expert advisor focuses on XAUUSD using a multi-timeframe scalping approach based on Smart Money Concepts. It identifies institutional market structures by analyzing H4 trends, H1 supply and demand zones, and M5 entries. The logic incorporates order block detection, Fair Value Gaps (FVG), and liquidity
Trading robot · MT5
Smart Trader Forex
Smart Trader Forex is an automated expert advisor for MetaTrader 5 that employs dual strategies for trend following and mean-reversion scalping.
GitHub stars1
Forks1
Last update3 months ago24 Jun 2026
LicenceMIT
Overview
Smart Trader Forex monitors over 15 currency pairs simultaneously using a multi-symbol scanner and a signal quality filter. Risk management includes ATR-based stop losses, trailing stops, and equity protection via daily loss and drawdown limits. The system features a loss recovery engine and an optional learning module for signal optimization. It is designed to work alongside a Python-based web dashboard for real-time monitoring of trading activities.
- Multi-symbol scanning for 15+ forex pairs
- Dual-mode trend following and scalping strategies
- ATR-based or fixed stop-loss with trailing functionality
- Integrated loss recovery system and learning engine
- Python-based real-time monitoring dashboard
Details
Author
joseph8848 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Scalping, Mean reversion, SMC / ICT / price action
Markets
Forex
Timeframes
M15-H1, M1-M5
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.
Input parameters
Read from SmartTraderForex.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpStrategyType | ENUM_STRATEGY_TYPE | STRATEGY_MULTI | Strategy Type |
InpTimeframe | ENUM_TIMEFRAMES | PERIOD_H1 | Trading Timeframe |
InpMinSignalQuality | double | 30.0 | Minimum Signal Quality (0-100) - OPTIMIZED |
InpRequireGoldenHours | bool | false | Only Trade During Golden Hours |
InpUseRecoverySystem | bool | true | Enable Loss Recovery System |
InpUseLearningEngine | bool | true | Enable Learning Engine |
InpBrokerGMTOffset | int | 0 | Broker GMT Offset |
InpRiskPercent | double | 1.0 | Base Risk Per Trade (%) |
InpMaxDailyLoss | double | 5.0 | Max Daily Loss (%) |
InpMaxDrawdown | double | 20.0 | Max Drawdown (%) |
InpMaxOpenTrades | int | 3 | Max Open Trades |
InpSLType | ENUM_SL_TYPE | SL_ATR | Stop Loss Type |
Show all 32 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpFixedSLPips | int | 50 | Fixed SL (pips) - used if SL_FIXED |
InpATRMultiplier | double | 2.0 | ATR Multiplier - used if SL_ATR |
InpTPRatio | double | 2.0 | Take Profit (Risk/Reward Ratio) |
InpUseTrailingStop | bool | true | Use Trailing Stop |
InpTrailingStartPips | int | 30 | Trailing Start (pips) |
InpTrailingStepPips | int | 10 | Trailing Step (pips) |
InpFastEMAPeriod | int | 12 | Fast EMA Period |
InpSlowEMAPeriod | int | 26 | Slow EMA Period |
InpADXPeriod | int | 14 | ADX Period |
InpADXMinTrend | double | 25.0 | ADX Minimum for Trend |
InpRSIPeriod | int | 14 | RSI Period |
InpRSIOversold | double | 30.0 | RSI Oversold Level |
InpRSIOverbought | double | 70.0 | RSI Overbought Level |
InpMACDFast | int | 12 | MACD Fast Period |
InpMACDSlow | int | 26 | MACD Slow Period |
InpMACDSignal | int | 9 | MACD Signal Period |
InpATRPeriod | int | 14 | ATR Period |
InpMagicNumber | ulong | 123456 | Magic Number |
InpSlippage | int | 10 | Slippage (points) |
InpEnableAlerts | bool | true | Enable Trade Alerts |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone joseph8848/smarttrader-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, and any .mqh files into the Include folder the code expects.
- 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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