MSX Hybrid HeikenAshi EA

  • Experts
  • Som Prakash Gehlot
    Som Prakash Gehlot
    • Professional MT5 Algo Trader & Systems Architect | Founder of MSX AI at  Jodhpur
    • India
    • 5367
    4.5 (8)
    Som Prakash Gehlot
    Professional MT5 Algorithmic Trading Systems Architect | Founder of MSX AI Trading | Creator of Professional Portfolio Trading Solutions
    For more than 16 years I have focused on designing automated trading systems for MetaTrader 5 with one objective:
  • Version: 1.55
  • Updated: 23 May 2026

MSX Plug And Play Scalper EA

Overview

MSX Plug And Play Scalper EA is a MetaTrader 5 Expert Advisor based on a Triple EMA alignment methodology.

The Expert Advisor evaluates trend direction using three Exponential Moving Averages and can optionally apply a higher-timeframe trend filter before opening positions.

The EA is intended for users who wish to study and evaluate an EMA-based trend-following approach under live or demo market conditions.

Trading Logic

The trading engine monitors three Exponential Moving Averages on the chart timeframe.

Buy Conditions

A buy position may be opened when:

Fast EMA > Medium EMA > Slow EMA

The alignment must be confirmed after candle close.

Sell Conditions

A sell position may be opened when:

Fast EMA < Medium EMA < Slow EMA

The alignment must be confirmed after candle close.

Position Exit

Positions may be closed when an opposite EMA alignment is detected, depending on the selected settings.

Optional Trend Filter

The EA can use a higher-timeframe trend filter.

When enabled:

• Buy trades may be restricted to bullish higher-timeframe conditions.

• Sell trades may be restricted to bearish higher-timeframe conditions.

When disabled:

• Trading decisions are based only on the chart timeframe.

Risk Management

Available controls include:

• Fixed lot trading

• Risk-based position sizing

• Stop Loss configuration

• Take Profit configuration

• Maximum drawdown protection

• Spread filtering

• Margin validation

The exact behavior depends on user settings and broker specifications.

Main Features

• Triple EMA alignment methodology

• Optional higher-timeframe trend filter

• Closed-candle signal processing

• Fixed lot or risk-based lot sizing

• Spread protection

• Drawdown protection

• Margin verification

• Single-position trend management

• Configurable entry and exit rules

Input Parameters

The available inputs allow configuration of:

• Lot sizing method

• Risk percentage

• Stop Loss distance

• Take Profit distance

• EMA periods

• Higher-timeframe filter settings

• Drawdown protection settings

• Spread filter settings

• Trade management settings

Compatibility

Platform:
MetaTrader 5

Account Types:
Netting and Hedging

Symbols:
Forex, Metals, Indices, Cryptocurrencies and other broker-supported instruments

Timeframes:
All standard MetaTrader 5 timeframes

Common Observation Range:
M1 to M5

Installation

  1. Attach the EA to a chart.

  2. Configure the desired input parameters.

  3. Enable automated trading in MetaTrader 5.

  4. Verify operation on a demo account before live deployment.

Notes

• Trading frequency depends on market conditions and selected settings.

• Results may vary between brokers because of differences in spreads, commissions, execution quality and symbol specifications.

• Users should evaluate settings according to their own trading objectives and risk tolerance.

Risk Disclaimer

Trading financial instruments involves risk and may result in losses.

This Expert Advisor does not guarantee profits or protection against losses. Trading results depend on market conditions, broker execution, account configuration and user settings.

Past performance, testing results and screenshots do not guarantee future results.

Users should perform their own evaluation before using the product on a live account.


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Hanzla Khalil
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Thierry Ouellet
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