Trading robot · MT5

Wyckoff Price Action EA

by P4rzi

This MetaTrader 5 expert advisor implements a market regime filter inspired by Wyckoff principles, identifying phases like accumulation, distribution, markup, and markdown.

GitHub stars1
Forks0
Last update5 weeks ago12 Aug 2026
LicenceNone stated

Overview

Wyckoff Price Action EA identifies trading ranges using a lookback period and triggers entries on confirmed breakouts with consecutive closes. Risk management is centralized around ATR-based dynamic stop losses and take-profit targets calculated as an R-multiple. The bot manages position sizing through a fixed percentage of account balance and includes filters for spread and volume climaxes. The developer notes that the logic is a heuristic approximation rather than a full Wyckoff schematic implementation.

Details

Author

P4rzi on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, SMC / ICT / price action

Markets

Indices, Forex, Gold

Timeframes

M15-H1, H4 and above

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.

Input parameters

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

NameTypeDefaultDescription
InpRangeLookbackBarsint50bars to scan for range high/low
InpRangeMinATRMultdouble1.0min range width in ATRs (avoid micro-noise ranges)
InpRangeMaxATRMultdouble3.0max range width in ATRs to still call it "ranging"
InpTestTolerancePctdouble0.10% of range width defining "near the boundary" for a test
InpBreakoutConfirmBarsint2consecutive closes beyond boundary to confirm breakout
InpVolClimaxMultdouble1.5multiple of avg range volume to call a test "climactic"
InpATRPeriodint14
InpATRTimeframeENUM_TIMEFRAMESPERIOD_CURRENT
InpRiskPercentdouble1.0% of account balance risked per trade
InpATRStopMultdouble1.5stop distance = ATR * this multiple
InpRMultipleTPdouble2.0take-profit = R-multiple of stop distance
InpMaxSpreadPointsint50reject entries if spread exceeds this
Show all 15 inputs
NameTypeDefaultDescription
InpMaxOpenPositionsint1this-symbol position cap
InpMagicNumberulong20260813
InpSlippagePointsint20

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone P4rzi/MQ5-BOT from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts, and any .mqh files into the Include folder the code expects.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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