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
Walking Up The Bands
This MetaTrader 5 expert advisor implements a trend-following strategy based on Bollinger Bands.
GitHub stars2
Forks0
Last update1 year ago18 Dec 2024
LicenceMIT
Overview
Walking Up The Bands initiates long positions when price breaks above the upper band during periods of high volatility, attempting to ride extended uptrends. The strategy closes or reverses positions when price breaks below the lower band. A unique price limit parameter is included to prevent entries near historical market tops. The robot is designed for automation of analytical and trading processes but explicitly omits a stop loss mechanism, relying on indicator signals and price ceilings for exit logic.
- Bollinger Bands breakout logic
- Historical price ceiling filter
- Volatility-based trend entries
- Configurable indicator period and deviation
Details
Author
techteam92 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from Walking up the bands.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Magic | ulong | 123456 | Magic Number |
Volume | double | 100 | Volume |
Limite | float | 38.46 | Limite de preço para evitar o topo histórico |
Periodo | int | 20 | Período |
Desvio | double | 2 | Desvio |
Deslocamento | int | 0 | Deslocar |
Preco | ENUM_APPLIED_PRICE | PRICE_CLOSE | Preço Aplicado |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone techteam92/walkingup-EA 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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