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MQL5/MQL5/Experts/_Thivyam/Thivyam-Scalper-Fx/v3/README.md
Rahul Dhangar 04e29dfe64 Thivyam Scalper Fx v3.00
2025-05-03 15:25:09 +05:30

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Thivyam Scalper Fx EA v3.00

Overview

Thivyam Scalper Fx v3.00 is a MetaTrader 5 Expert Advisor (EA) designed for advanced trend-following scalping on the M5 (5-minute) chart, with trade direction confirmed by a higher timeframe (default H1). This version introduces a modular codebase, enhanced visual feedback, improved risk management, and more robust trade/session controls.

Key Features

  • Multi-Timeframe Trend Confirmation: Uses EMAs on higher and lower timeframes for robust trend bias.
  • Modular Architecture: Core logic split into helper libraries for candles, indicators, drawings, trading, time, and miscellaneous functions.
  • Dynamic & Fixed Lot Sizing: Supports both fixed and dynamic lot sizing based on account risk.
  • Flexible Session Controls: User-defined trading hours with options to close trades or cancel pending orders at session end.
  • Advanced Order Management: Batch-based tracking, trailing stop logic, breakeven management, and robust pending order handling.
  • Visual Chart Feedback: Real-time display of Bid, Ask, Spread, ATR, and last candle size using chart labels and rectangles.
  • Comprehensive Debugging: Extensive emoji-based logging and debug output for easier monitoring and troubleshooting.

Strategy Logic

1. Trend Confirmation (Higher Timeframe, e.g., H1)

  • Indicators: 8-period EMA and 21-period EMA (Close).
  • Sell Bias: EMA(8) < EMA(21) and price < EMA(8).
  • Buy Bias: EMA(8) > EMA(21) and price > EMA(8).
  • No trades if neither bias is confirmed.

2. Entry Setup (Lower Timeframe, e.g., M5)

  • Indicators: 8, 13, and 21-period EMAs (Close).
  • Trigger Bar: Price pulls back to touch EMA(8) but does not close beyond EMA(21).
  • Sell Trigger: On sell bias, price touches EMA(8) but remains above EMA(21).
  • Buy Trigger: On buy bias, price touches EMA(8) but remains below EMA(21).
  • EMA Separation Filter: All three EMAs must be at least a user-defined number of points apart.

3. Trade Execution

  • Pending Orders: On a trigger, pending orders are placed:
    • Sell: Sell Stop orders below the lowest low of the last 5 candles, SL above the trigger bar high.
    • Buy: Buy Stop orders above the highest high of the last 5 candles, SL below the trigger bar low.
  • Take Profits: Multiple orders with different risk/reward targets and trailing logic.
  • Order Expiry: All pending orders expire at the end of the trading day or as per user session settings.

4. Trade Management

  • Trailing Stop: Trailing logic for selected orders based on recent price action.
  • Breakeven Logic: SLs moved to breakeven after first TP is hit.
  • Session Controls: Trading only during active hours; optional auto-close/cancel at session end.

Input Parameters

Parameter Name Description
HigherTF / LowerTF Timeframes for trend confirmation and entries.
DynamicLotSize Enable dynamic lot sizing based on account risk.
AccountRisk / MaxDailyRisk Risk settings for dynamic lot sizing.
Lots Fixed lot size per order.
Slippage Maximum allowed slippage (points).
EntryPointOffset / SLPointOffset Entry and stop offsets (points).
MaxActiveTrades / Orders Maximum open trades and pending orders.
Take Profit Settings TP levels for different order types.
TrailingSLcandleCount Number of candles for trailing stop calculation.
MAsApartByPoints Minimum EMA separation (points) for valid setup.
minSLPoints Minimum stop loss distance (points).
Session Controls Trading hours, auto-close/cancel at session end.
ShowRect / ShowSpread / ShowAtr / ShowLastCandleSize Visual feedback options for chart overlays.
debugging Enable detailed debug output.
MagicNumber Unique EA identifier for trades.

Visual Feedback

  • Bid, Ask, Spread: Displayed as labels in the top right corner.
  • ATR and Candle Size: Optional display for quick volatility and range reference.
  • Rectangles and Arrows: Visual cues for trade triggers and order placement.

Changelog

v3.00

  • Modularized Codebase: Split logic into helper libraries for maintainability and clarity.
  • Enhanced Chart Overlays: Added multi-label display for Bid, Ask, Spread, ATR, and candle size.
  • Improved Risk Controls: More flexible lot sizing and risk management options.
  • Batch-Based Order Management: Robust tracking and handling of trade batches.
  • Refined Trailing and Breakeven Logic: More reliable and configurable trailing stop and breakeven handling.
  • Expanded Debugging: More detailed and emoji-rich logs for all major events and actions.
  • Bug Fixes and Optimizations: Improved error handling, code structure, and performance.

Usage Notes

  • Attach the EA to an M5 chart (or your chosen LowerTF).
  • Ensure required timeframes are available in your MT5 terminal.
  • Adjust input parameters to suit your risk and session preferences.
  • For best results, use on a broker with low spreads and fast execution.

Disclaimer

This EA is provided for educational and research purposes. Live trading involves risk. Test thoroughly on a demo account before using with real funds.