SnD SnR Scalping performs multi-timeframe analysis across H1 and M5 charts to identify entry points. The robot utilizes price action patterns like double tops and head-and-shoulders for confirmation. Risk is managed through a fixed stop loss and take profit, alongside a controlled layering system that places additional orders at set distances. It includes a trading session timer and an automatic closure feature for positions that remain floating beyond a specified duration.
Read from EA_SnD_SnR_MultiLayer_AutoTPShift_Alert.mq5.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
LotInitial
double
0.11
LotLayer
double
0.08
SL_Pips
int
30
TP_Pips
int
50
MaxLayer
int
3
LayerDistance_Pips
int
10
MagicNumber
int
123456
MaxFloatingMin
int
30
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone Adirach08/EA-SupplyDemand-Scalping 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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