Ultimate ICT Gold Scalper: Free MT5 Expert Advisor

Overview

Ultimate ICT Gold Scalper provides a robust risk management foundation, including daily, weekly, and monthly drawdown limits and maximum consecutive loss protections. The system handles position management through ATR-based trailing stops and break-even logic. While it features an on-chart dashboard for statistics and execution guardrails like spread filters, the current version is an execution shell intended for research, requiring external signal modules for automated entry.

Multi-period risk and drawdown controls

ATR-based trailing stop and break-even logic

Real-time on-chart dashboard and trade statistics

Spread and deviation execution guardrails

Details

Author

srinivashacks on GitHub

Type

Framework & template

Platform

MetaTrader 5 (MQL5)

Strategy

SMC / ICT / price action, Scalping

Markets

Gold

Timeframes

M1-M5, M15-H1

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

Ultimate_ICT_Gold_Scalper_v4/MainEA.mq5

Source

github.com/srinivashacks/ultimate-ICT-gold-scalper

Input parameters

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

Name	Type	Default
`InpMagicNumber`	`long`	`40001`
`InpEnableTrading`	`bool`	`false`
`InpRiskPerTradePercent`	`double`	`0.50`
`InpDailyLossLimitPercent`	`double`	`2.00`
`InpWeeklyLossLimitPercent`	`double`	`5.00`
`InpMonthlyLossLimitPercent`	`double`	`8.00`
`InpMaxConsecutiveLosses`	`int`	`3`
`InpMaxSpreadPoints`	`int`	`80`
`InpMaxDeviationPoints`	`int`	`20`
`InpATRTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M15`
`InpATRPeriod`	`int`	`14`
`InpBreakEvenAtR`	`double`	`1.50`

Show all 14 inputs

Name	Type	Default	Description
`InpATRTrailMultiplier`	`double`	`1.50`
`InpLogLevel`	`ENUM_LOG_LEVEL`	`LOG_INFO`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone srinivashacks/ultimate-ICT-gold-scalper 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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