Universal Market Hunter: Free MT5 Expert Advisor

Overview

Universal Market Hunter allows users to switch between two main strategies: a Bollinger Band volatility breakout and an engulfing price action pattern using volume confirmation. The system manages risk through ATR-calculated stop loss and take profit levels, alongside percentage-based lot sizing. It includes trade management features such as a trailing stop, breakeven protection, and a spread filter to prevent execution during unfavorable market conditions.

ATR-based dynamic stop loss and take profit

Bollinger Band breakout and engulfing price action strategies

Automatic lot sizing based on account risk percentage

Built-in breakeven and trailing stop functionality

Details

Author

marts143 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, Scalping, Trend following

Markets

Forex, Gold, Crypto

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

universalmarkehunter.mq5

Source

github.com/marts143/Universal-Market-Hunter-

Input parameters

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

Name	Type	Default	Description
`Market_Mode`	`ENUM_MARKET_MODE`	`MODE_FOREX_SCALPING`
`Strategy_Engine`	`ENUM_STRATEGY`	`STRATEGY_BB_BREAKOUT`
`BB_Period`	`int`	`20`
`BB_Deviation`	`double`	`2.0`
`Volume_MA_Period`	`int`	`20`
`Volume_Multiplier`	`double`	`1.5`
`Trend_EMA_Period`	`int`	`50`
`Risk_Percent_Per_Trade`	`double`	`1.0`
`Magic_Number`	`long`	`202601`
`Allowed_Symbols`	`string`	`XAUUSD,GBPUSD,EURUSD,BTCUSD`	Safety: comma-separated list
`Max_Spread_Percent`	`double`	`0.05`	Max spread as % of Ask price (0.05% is robust)
`SL_ATR_Multiplier`	`double`	`1.5`	Adjusted based on Market Mode

Show all 19 inputs

Name	Type	Default	Description
`TP_ATR_Multiplier`	`double`	`2.5`	Adjusted based on Market Mode
`ATR_Period`	`int`	`14`
`Use_Breakeven_Stop`	`bool`	`true`
`Breakeven_Trigger_ATR`	`double`	`1.0`
`Use_Trailing_Stop`	`bool`	`true`
`Trailing_Start_ATR`	`double`	`1.2`
`Trailing_Distance_ATR`	`double`	`1.8`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone marts143/Universal-Market-Hunter- 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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