# Price Action Intraday Trading - Expert for MT5

Trades based on pin bars, engulfing candles, and inside bar breakouts with a trend filter.

Canonical: https://prismaticalgos.com/compendium/algo/2543-price-action-intraday-trading-expert-for-mt5
Record ID: 2543
Catalog rank: 158 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Price Action & Market Structure (E)
Source: https://www.mql5.com/en/code/68704
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: EURUSD, GBPUSD, XAUUSD
- timeframes: M15, H1, H4
- sessions: Not specified
- market_regime: trending|ranging|volatile

## Indicators

- Pin Bar: {"wick_to_body_ratio": "null"}; applied to: close
- Engulfing Candles: {}; applied to: close
- Inside Bar Breakouts: {}; applied to: close
- Trend Filter: {"fast_ema_period": 20, "slow_ema_period": 50}; applied to: close

## Recorded long-entry rules

- Pin Bar (Rejection)
- Engulfing Candles (Momentum)
- Inside Bar Breakouts (Consolidation)

## Recorded short-entry rules

- Not specified.

## Recorded exit rules

- Break-Even trigger
- Trailing Stop

## Recorded filters

- Trend Filter
- Max Daily Loss limit (3%)
- Time window for opening new positions

## Risk controls

- Stop loss: Fixed stop loss distance
- Take profit: Target profit relative to the stop loss (e.g., 2.0 = 2:1 R:R)
- Position sizing: Percentage of balance to risk per trade (default 1.5%)