MT5 Meantrich EA

MT5 Meantrich EA

? KEY FEATURES

MEANTRICH EA PRO ULTIME is a sophisticated automated trading system that combines Price Action patterns with Moving Average trend filtering to identify high-probability entries on any timeframe and instrument.

Unlike traditional indicators that lag, this EA reads raw price action - just like professional traders do - and executes trades with precise risk management.

? TRADING LOGIC

The EA scans the market for three proven price action patterns:

Pin Bar - A reversal pattern with a long wick indicating price rejection at key levels. The EA identifies both bullish and bearish pin bars with customizable wick-to-body ratios.

Engulfing Pattern - A strong reversal signal where one candle fully engulfs the previous candle's body. Works best when aligned with the overall trend.

Inside Bar Breakout - A consolidation pattern where price breaks above the mother bar's high or below its low, triggering a move in the trend direction.

Each pattern is filtered by Moving Average trend direction (20 & 50 EMA), dynamic Support/Resistance levels, and market momentum for maximum accuracy.

? RISK MANAGEMENT

The EA protects your capital with comprehensive risk controls. You can set a fixed risk percentage per trade, typically 1.5% of your balance. Stop Loss is fully customizable in pips, with a default Risk-to-Reward ratio of 2 to 1 meaning your Take Profit is double your Stop Loss distance.

A daily loss limit stops all trading once a predefined percentage loss is reached, protecting you from emotional revenge trading after losing streaks.

⚙️ POSITION MANAGEMENT

Once in a trade, the EA actively manages your position. The Breakeven feature moves your Stop Loss to entry price once the trade reaches a specified profit level, eliminating all risk on that position.

The Trailing Stop feature follows profitable trades, locking in gains as the trend continues while giving the trade room to breathe with adjustable trailing steps.

? TRADING HOURS

You can define exactly when the EA should trade using broker time. Set a start hour and end hour to focus only on the most liquid sessions. An optional "Close at End of Day" feature closes all open positions when trading hours end.

? TECHNICAL SPECIFICATIONS

The EA works on any currency pair, commodity, index, or cryptocurrency. It supports all timeframes from M1 to MN, though M15 to H1 are recommended for best results.

The order filling system automatically detects your broker's supported modes including FOK (Fill or Kill), IOC (Immediate or Cancel), and RETURN. If the primary mode fails, the EA automatically retries with alternative filling modes.

A unique Magic Number identifies all trades from this EA, allowing you to run multiple instances on different symbols without interference.

? INPUT PARAMETERS OVERVIEW

Risk Management - Risk percentage, Stop Loss in pips, Risk-to-Reward ratio, Daily loss limit

Price Action Settings - Pin bar minimum size and wick-to-body ratio, engulfing minimum size, Support/Resistance lookback period and tolerance

Moving Averages - Fast and slow MA periods, customizable MA method including EMA and SMA

Trading Hours - Start and end hours, close all positions at end of day option

Trade Management - Magic number, breakeven trigger and distance, trailing stop distance and step

Order Filling - Preferred filling mode with auto-detection of broker capabilities