Absorption EA
Info
The Absorption EA is a Expert Advisor for MetaTrader 5 that the expert advisor (ea) is designed to trade using the absorption pattern, a technical analysis concept. It utilizes pending orders with buy stop and sell stop strategies.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Absorption EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
The Expert Advisor (EA) is designed to trade using the absorption pattern, a technical analysis concept.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: nr t r revers - another powerful expert for MetaTrader 5 traders.
The Expert Advisor (EA) is designed to trade using the absorption pattern, a technical analysis concept. It utilizes pending orders with buy stop and sell stop strategies.Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
Key Features:
- Pending Order Placement: The EA places buy stop and sell stop orders based on the absorption pattern.
- Breakeven and Trailing: It includes a breakeven feature to protect profits and a trailing stop mechanism for dynamic risk management.
- Individual Take Profit: Separate take profit settings for buy and sell orders allow for customized trade management.
Absorption Pattern Detection:
The EA identifies absorption patterns in bars #1 and #2, placing pending orders accordingly.
Inputs:
- Lots: Specify the volume for pending orders.
- Take Profit Buy: Set the take profit value for buy stop orders.
- Take Profit Sell: Define the take profit value for sell stop orders.
- Trailing Stop: Enable trailing with a specified pip value.
- Trailing Step: Set the step size for trailing.
- Indent from High or Low: Determine the indent from the extreme high or low price.
- Number of Bars for Extremes: Specify the number of bars to search for price extremes.
- Pending Order Expiration: Set the lifetime of pending orders in hours.
- Magic Numbers: Assign unique identifiers for positions on trades for signal 1 and signal 2.
- Breakeven: Enable breakeven with a specified pip value, or set to 0 to disable.
- Breakeven Profit: Define the profit level at which the stop loss should be moved to breakeven.
Tested on GBPUSD, H1 from 01.01.2026 to 04.25.2026 using the 'Every Tick Based on Real Ticks' tick generation mode.
You may also like: Exp AFL Winner - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.