# M5 Scalping Bot

A 90% working M5 scalping bot for Forex trading on MetaTrader 5 using RSI, EMA, and ATR.

Canonical: https://prismaticalgos.com/compendium/algo/11145-m5-scalping-bot
Record ID: 11145
Catalog rank: 123 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Mean Reversion & Counter-Trend (B)
Source: https://github.com/ikeblessing502-arch/mt5-m5-scalping-bot
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Claim warnings: HIGH WIN RATE: claimed 90%. Attainable, but nearly always by banking many small wins against rare large losses - check the payoff ratio and the worst single trade before trusting it.; UNSIZED CLAIM: performance figures are published with no trade count, so the sample behind them cannot be judged.; UNDATED CLAIM: performance figures are published with no test period, so they cannot be checked or reproduced.

## Recorded profile

- symbols: EURUSD, GBPUSD, USDJPY
- timeframes: M5
- sessions: Customizable time filters
- market_regime: volatile|trending

## Indicators

- RSI: {"period": 14}; applied to: close
- EMA: {"period": 20}; applied to: close
- EMA: {"period": 5}; applied to: close
- EMA: {"period": 20}; applied to: close
- ATR: {"period": 14}; applied to: close

## Recorded long-entry rules

- RSI crosses below 30 (oversold)
- Fast EMA above Slow EMA (uptrend)
- Price above Moving Average
- ATR above volatility threshold

## Recorded short-entry rules

- RSI crosses above 70 (overbought)
- Fast EMA below Slow EMA (downtrend)
- Price below Moving Average
- ATR above volatility threshold

## Recorded exit rules

- Not explicitly stated in the source

## Recorded filters

- Time-based filtering

## Risk controls

- Stop loss: 30 pips
- Take profit: 15 pips
- Position sizing: Risk percentage-based lot sizing