Hyperion EA Source Code

This page gives you the Hyperion EA free source code, the .mq5 file itself and not a compiled robot you have to trust. Under the hood it runs Triple EMA and PSAR, with each step visible in the code.

• Platform: MetaTrader 5, a single .mq5 file
• Strategy: Triple EMA and PSAR
• Price: free, a free account is all you need
• Licence: study it, edit it and, if you want, rebrand it

In short, you get exactly the file we publish, and therefore nothing stops you from rebuilding any part of it.

How the Hyperion strategy works

Three averages of different length stacked in order describe a trend better than two, because they show whether the short, the medium and the long view point the same way. The robot treats that stack as a single permission to trade.

An exponential moving average gives the newest bars more weight than the old ones, so it turns sooner than a simple average without jumping at every tick. The robot reads it as the line that separates a market going up from one going down.

The parabolic SAR drops a dot on the chart that accelerates towards price as a move continues. When price finally touches the dot the trend is considered over, which makes it a natural exit as much as an entry.

Each filter removes a group of bad entries and, at the same time, a few good ones. Reading the code is the only honest way to judge that balance for your own market.

What is inside the Hyperion EA free source code file

• The three averages, with their periods and the order they must respect.
• The moving average block, with its period and the side it allows.
• The parabolic SAR, with its step and its maximum acceleration.
• The risk block, with the lot sizing, the stop loss and the take profit.
• Finally, every input with its default value, so you can compare it against your own broker.

How to compile and run it

1. First, download the .mq5 file from the button at the end of this page.
2. Then open MetaEditor 5 from MetaTrader 5, with F4 or the editor button.
3. After that, save the file inside MQL5 and then Experts, and press Compile.
4. Finally, refresh the Navigator and drag Hyperion onto a chart.
5. Run it on a demo account first, and read every input before you go live.

If the compiler complains, our guide on compiling MQL source covers the usual causes. In most cases it is simply a missing include or the wrong folder.

What you can change

The slowest average sets the patience of the robot. Lengthen it and you get fewer trades with more context behind them, shorten it and the stack breaks and reforms all day.

Before any of that, however, look at the risk block. After all, a good entry with the wrong lot size still empties an account, and therefore the sizing deserves the first pass rather than the last.

More robots like this one are in the trend following source code, and the paid catalogue with documentation and support lives in the MT5 source code section. The idea behind moving averages is explained well on this reference page.

Questions about the Hyperion EA free source code

Which platform is it for? MetaTrader 5.

Is the file complete? Yes, we remove nothing and we encrypt nothing.

Where should I start? On a demo account with the defaults, so you can see its natural rhythm before you change anything.

Does the broker matter? It does, especially the spread and the execution. Compare two before you judge the strategy.

Download the Hyperion EA free source code

The file below is the complete .mq5. First of all, create a free account or log in. Then download it and, finally, open it in MetaEditor 5.