Connors Double 7 MT5 EA

This EA was made for educational purposes. Find the full overview of how it was made in the YouTube video.

The EA is inspired by Larry Connors double 7s strategy. 

It's been slightly altered using machine learning. 

Use on real money at your own risk, as always.

How to use:

Add to D1 chart for SP500

IMPORTANT:

Go to inputs and change name of 'subchart' to the name your broker uses for SP500. 

What this strategy does

It buys short-term dips in a steady, calm uptrend, then sells after a bounce.

Entry (when it buys)

1. “Close < Lowest(4)”

  • Price just dropped to the lowest point in the last 4 days

👉 Meaning:

  • A short-term dip just happened

2. “Close > SMA(40)”

  • Price is above the 40-day average

👉 Meaning:

  • The overall trend is still up

3. “ATR is falling”

  • Volatility (how wild price moves are) is decreasing

👉 Meaning:

  • Market is calm, not chaotic

Put together:

“Buy when a stock in an uptrend dips, but the market is still calm.”

Exit (when it sells)

“Close > Highest(6)”

  • Price is now higher than any point in the last 6 days

👉 Meaning:

  • The bounce has happened
Simple mental model
  1. Market is trending up
  2. Price pulls back for a few days
  3. You buy the dip (but only if things aren’t crazy volatile)
  4. You sell when it rebounds
Why each part is there
  • Lowest(4) → finds the dip
  • SMA(40) → makes sure you’re not buying a falling market
  • ATR falling → avoids messy, unpredictable conditions
  • Highest(6) → takes profit after bounce
In one sentence

Buy small dips in steady uptrends, avoid noisy markets, and sell after a short bounce.

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5 (19)
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