Weekend Scalp EA: Free MT5 Expert Advisor

Overview

Weekend Scalp EA reads fast and slow exponential moving averages, RSI, ATR, and Bollinger Bands on the chart timeframe, then filters entries with a maximum spread. Stop loss and take profit are set as ATR multiples, with a default one-to-two ratio, and the stop can move to break-even after half the take-profit distance. Lot size uses a risk percent of the account. The README lists many inputs that the shown code does not expose, and the trade-entry logic is only partly visible.

ATR multiple stop loss and take profit

Risk percent lot sizing

Spread and slippage filters

Break-even stop adjustment

EMA, RSI, ATR and Bollinger Bands

Details

Author

Wiseman254-C on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Scalping, Indicator crossover

Markets

Crypto

Timeframes

M1-M5

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

weekendscalp.mq5

Source

github.com/Wiseman254-C/weekendscalpEA

Input Parameters

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

Name	Type	Default	Description
`RiskPercent`	`double`	`1.0`	Risk % per trade (1% for small accounts)
`MagicNumber`	`int`	`987654`
`MaxSpread_Pips`	`int`	`5000`	BTC spread filter (~50 USD)
`Slippage`	`int`	`30`
`TP_Multiplier`	`double`	`2.0`	TP as ATR multiple (1:2 RR)
`SL_Multiplier`	`double`	`1.0`	SL as ATR multiple
`Breakeven_Multi`	`double`	`0.5`	Move SL to BE after 50% of TP

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone Wiseman254-C/weekendscalpEA 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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