# PurePriceActionTrader

MT5 EA using pure price action with trend direction, candle patterns, ATR for stop loss, and risk management.

Canonical: https://prismaticalgos.com/compendium/algo/11675-purepriceactiontrader
Record ID: 11675
Catalog rank: 176 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Price Action & Market Structure (E)
Source: https://github.com/jonyspeednet-alt/MT5-PriceAction-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

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: XAUUSD, GBPJPY, EURUSD
- timeframes: M15, M30
- sessions: Not specified
- market_regime: trending|volatile

## Indicators

- EMA: {"period": 50}; applied to: close
- ATR: {"period": 14}; applied to: close

## Recorded long-entry rules

- Trend direction is positive
- Pin bar or engulfing pattern
- Breakout from swing high
- Distance from fast MA is within limit
- Higher timeframe trend confirmation

## Recorded short-entry rules

- Trend direction is negative
- Pin bar or engulfing pattern
- Breakout from swing low
- Distance from fast MA is within limit
- Higher timeframe trend confirmation

## Recorded exit rules

- Profit target reached
- Stop loss triggered
- Break-even protection

## Recorded filters

- Weak trend filter
- Liquidity sweep filter
- Regime filter

## Risk controls

- Stop loss: ATR-based
- Take profit: Fixed risk-reward ratio
- Position sizing: Risk percent-based