Footprint EA MT5
- Experts
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Gayathiri Gopalakrishnan
I am an independent MQL5 developer focused on creating practical trading tools for MetaTrader 5.
My work includes Expert Advisors, trading indicators, analytical tools and trading utilities designed to help traders analyze the market, manage trades and automate specific trading tasks. - Version: 12.61
- Activations: 5
Order Flow Footprint Auto Trader is an Expert Advisor for MetaTrader 5 that reads order flow and trades it for you. It rebuilds every candle from your broker's tick history into a footprint chart. The footprint shows how active each price was and whether buyers or sellers led there. It is made for traders who want to see what happens inside each candle and want an automated system that explains each decision.
How it finds a trade
The robot waits for a candle to close and then looks for two well-known order flow situations. The first is absorption: heavy selling at the low of a candle, or heavy buying at its high, that fails to move the price further. The second is trapped traders: a candle that closes against the side that did most of the trading. Each signal must also pass a quality filter. It looks for supporting evidence in the order flow, skips unusually large candles and pauses around high-impact economic news.
It checks itself before it trades
When you attach the robot, it replays the recent history of that chart with the same rules. It follows every past signal to its end, after spread and commission. Then it tests its own choices in time order, as if it had been running live. A chart trades only when that check is clearly positive. Otherwise it keeps sending alerts and keeps learning, and it starts trading by itself when its results improve. A small neural network also learns from finished signals. Once it has shown skill on signals it has never seen, it filters out the weaker ones.
Risk control
Every trade has a stop loss. The lot size is calculated from the distance to the stop, so each trade risks the percentage of the balance you choose. You can also risk a fixed amount of money or trade a fixed lot. A trade is skipped when the smallest lot would risk more than you allow. It is also skipped when spread and commission are too large compared with the stop, or when free margin is too low. A daily loss limit pauses new trades for the rest of the day. The robot never adds to a losing trade and never raises the lot after a loss.
What you see and receive
A panel on the chart shows the trading state and the reason for any skipped signal. It also shows the open trade, the result of the day and the current order flow. Alerts can go to your phone, to your email and to Telegram, with the entry, stop loss and take profit of every signal.
Recommended use
The robot works with forex, gold, stock index, oil and cryptocurrency symbols and recognises symbol names with any prefix or suffix. Your broker must provide tick history. On forex and CFD symbols the activity at each price is measured by price updates, because these markets publish no central volume. Liquid symbols with a low spread on the 5-minute or 15-minute chart are a good start. Test it in the Strategy Tester with the "Every tick based on real ticks" mode. Then run it on a demo account before you trade real money.
The complete user guide, with every setting explained, is in the comments of this product and in my blog on this site.
