Universal Market Hunter: Free MT5 EA Download & Source Code

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

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.

Similar Expert Advisors

Nyao Scalper

by elrizwiraswara

214

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

MT5 Trading robot ScalpingTrend followingMartingale High risk

Updated 13 days ago BSD-3-Clause GitHub

Prop Firm EA Fleet

by cgemise971

Prop Firm EA Fleet is a collection of MetaTrader 5 robots designed for passing prop firm evaluations and managing funded accounts. The suite utilizes various strategies including market structure analysis, session range breakouts for London and New York sessions, and high-frequency scalping. It features strict risk man

MT5 Trading robot SMC / ICT / price actionBreakoutScalping High risk

Updated 10 months ago None stated GitHub

Gold Scalper Bot

by bigthreeatone

This MetaTrader 5 expert advisor is designed for aggressive trading on XAUUSD, focusing on the 5-minute and 15-minute timeframes. It utilizes Fibonacci retracements and swing high/low breakouts to identify entries across three selectable modes: scalp, swing, and trend following. The system manages up to three positions

MT5 Trading robot ScalpingBreakoutTrend following High risk

Updated 4 months ago None stated GitHub

BTCUSD Scalping Intelligence Engine

by said00001

This MetaTrader 5 expert advisor is a multi-layered trading system specifically designed for BTCUSD. It utilizes a hierarchical decision logic that analyzes macro bias on the H4 timeframe, maps support and resistance on the H1 timeframe, and confirms structure changes on M15 before executing trades on the M5 timeframe.

MT5 Trading robot SMC / ICT / price actionBreakoutTrend following

Updated 5 months ago None stated GitHub

Atlas EA

by ymk5py-commits

Atlas EA is a multi-strategy intraday trading robot for MetaTrader 5, primarily focused on gold, silver, and USDJPY. It identifies market structure shifts using Smart Money Concepts, specifically targeting breaks of structure and fair value gaps during the London and New York sessions. The EA includes optional modules

MT5 Trading robot SMC / ICT / price actionTrend followingBreakout

Updated 2 months ago None stated GitHub

Gold Bar Close MA50 Dynamic SL

by LiinIT

Gold Bar Close MA50 Dynamic SL is a scalping robot for XAUUSD gold on MetaTrader 5. It enters trades on M1 bar close when the EMA50 is trending in the direction, the bar closes beyond the previous bar high or low, and spread stays under 1.5 with no abnormal volume spike. It places one market order at a time using 0.01

MT5 Trading robot Trend followingBreakoutScalping

Updated 4 weeks ago None stated GitHub

Universal Market Hunter