Nyao Scalper is an automated scalping robot for MetaTrader 5 that utilizes a multi-factor weighted scoring system to identify trade opportunities. It evaluates trend alignment through EMA crossovers, momentum via RSI, and price action through wick rejection and candle body analysis. The EA manages risk with adaptive AT
Trading robot · MT5
Trend Lines With Breaks EA
This MetaTrader 5 expert advisor automates trading based on trendline breakouts.
High risk
GitHub stars1
Forks0
Last update3 years ago25 Mar 2023
LicenceNone stated
Overview
Trend Lines With Breaks EA identifies market trends by calculating pivot highs and lows over a specific period. The slope of the trendlines is determined using Average True Range, standard deviation, or linear regression methods. The robot enters trades when price breaks above or below these dynamic lines, with an option to filter for confirmed breakouts only. It utilizes an external trading framework for execution, supporting standard stop loss and take profit controls.
- Pivot-based trendline calculation
- ATR and standard deviation slope methods
- Visual breakout signals with arrows
- Confirmed breakout filtering
- Built on the Trader4 trading framework
Details
Author
traderfour on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout, Trend following, Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from TrendLinesWithBreaks-EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
input_IndicatorName | string | Trader4\\trend-line\\TrendLinesWithBreaks-Indicator | IndicatorName |
input_length | int | 14 | length |
input_Slope | double | 1. | Slope |
input_method | ENUM_Method | Atr | Slope Calculation Method |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone traderfour/trend-line 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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