EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di
Trading robot · MT5
SP2L
This MetaTrader 5 expert advisor executes trades based on price action and momentum patterns, specifically identifying strong candles relative to their recent average range.
GitHub stars1
Forks0
Last update3 months ago24 Jun 2026
LicenceNone stated
Overview
The logic incorporates Fair Value Gap (FVG) detection and moving averages to filter entries. It includes automated risk management with percentage-based lot sizing, ATR-based stop loss calculation, and a break-even function that activates at a predefined risk-reward ratio. The system also supports trailing stops for trade management. The repository provides the source code but lacks documentation.
- Momentum-based strong candle detection
- ATR-limited stop loss placement
- Automated break-even and trailing stop logic
- Fixed percentage risk management
Details
Author
farsosta-jpg on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action, Trend following
Markets
Any symbol
Timeframes
Any timeframe
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
Input parameters
Read from SP2L 1.5 %.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskPercent | double | 1.5 | |
MA_Period | int | 20 | |
ATR_Period | int | 10 | |
ATR_MultSL | double | 1.5 | |
BreakEven_RR | double | 0.6 | |
UseTrailing | bool | true |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone farsosta-jpg/sp2l 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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