TraderAuto V2 Phantom Edge: Free MT5 Expert Advisor

Overview

TraderAuto V2 Phantom Edge executes market orders based on a multi-indicator scoring system incorporating moving averages, MACD, RSI, Stochastic, and ATR volatility filters across both M1 and H1 timeframes. Position sizes are calculated dynamically according to a defined risk percentage per trade, which defaults to an aggressive 30% compounding risk model. The advisor enforces an ATR-based stop loss with a target 1:2 risk-reward ratio and limits activity to one trade at a time across monitored pairs. It also includes an adjustable session filter.

Nine-layer indicator confluence scoring system

ATR-based stop loss with 1:2 risk-reward ratio

Single active trade constraint across pairs

Configurable trading session filter

External Python GUI dashboard integration

Details

Author

NipunDilshanSenevirathne on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Indicator crossover, Scalping, Multi-strategy

Markets

Forex

Timeframes

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.

EA Files

TraderAutoV2_PhantomEdge.mq5

Source

github.com/NipunDilshanSenevirathne/TraderAuto_V2_Compounding_Suite

Input Parameters

Read from TraderAutoV2_PhantomEdge.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpRiskPercent`	`double`	`30.0`	Risk % per trade (30%)
`InpRRRatio`	`double`	`2.0`	Risk:Reward (1:2)
`InpMagicNumber`	`int`	`20240202`	Magic Number V2
`InpComment`	`string`	`TraderAutoV2_Nipun`
`InpEMA_Ultra_Fast`	`int`	`5`	Ultra Fast EMA (M1)
`InpEMA_Fast`	`int`	`8`	Fast EMA (M1)
`InpEMA_Slow`	`int`	`21`	Slow EMA (M1)
`InpEMA_Trend`	`int`	`50`	Trend EMA (M1)
`InpEMA_H1_Trend`	`int`	`50`	H1 Trend EMA
`InpRSI_Period`	`int`	`7`	RSI (fast, M1)
`InpRSI_BuyMin`	`double`	`45.0`	RSI Buy min
`InpRSI_BuyMax`	`double`	`70.0`	RSI Buy max

Show all 31 inputs

Name	Type	Default	Description
`InpRSI_SellMin`	`double`	`30.0`	RSI Sell min
`InpRSI_SellMax`	`double`	`55.0`	RSI Sell max
`InpMACD_Fast`	`int`	`5`	MACD Fast (fast settings)
`InpMACD_Slow`	`int`	`13`	MACD Slow
`InpMACD_Signal`	`int`	`3`	MACD Signal
`InpStoch_K`	`int`	`5`	Stochastic %K
`InpStoch_D`	`int`	`3`	Stochastic %D
`InpStoch_Slowing`	`int`	`3`	Stochastic Slowing
`InpStoch_OB`	`double`	`75.0`	Stoch overbought
`InpStoch_OS`	`double`	`25.0`	Stoch oversold
`InpATR_Period`	`int`	`7`	ATR period
`InpATR_SL_Multi`	`double`	`1.0`	ATR SL multiplier
`InpSwingBars`	`int`	`10`	Swing lookback bars
`InpUseSession`	`bool`	`true`	Enable session filter
`InpSessStart`	`int`	`7`	Session start GMT
`InpSessEnd`	`int`	`21`	Session end GMT
`InpShowPanel`	`bool`	`true`	Show panel
`InpBuyColor`	`color`	`clrLime`	Buy arrow color
`InpSellColor`	`color`	`clrRed`	Sell arrow color

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone NipunDilshanSenevirathne/TraderAuto_V2_Compounding_Suite 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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