This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
24fx
The 24fx expert advisor for MetaTrader 4 automates trading based on external data updates and a specific hourly schedule.
GitHub stars1
Forks0
Last update2 years ago10 Apr 2024
LicenceNone stated
Overview
24fx manages trades through a state-based system, handling pending limit orders, market positions, and paused states. Risk management features include a choice between fixed lot sizes or percentage-based risk per trade. The EA uses a time-filtering mechanism to restrict activity to specific hours and requires recent historical data for processing. Due to a lack of documentation, its specific entry logic is tied to external data sources.
- Percentage-based risk management
- Configurable trading hour filters
- Automated limit order execution
- Multi-state order management system
- External data synchronization
Details
Author
DevelopMan on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Markets
Forex
Timeframes
M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from 24fx.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
_fixLotSize | bool | false | |
_lotSize | double | 0.01 | |
_magicNumber | int | 777111 | |
_dataUpdateInterval | int | 5 | In minutes |
_writeToTestFile | bool | false | |
_riskPerTrade | double | 1 | Risk per order (%) |
_timeShift | int | 0 | From Moscow |
_workHours | string | 0,2,4,8,12,13,14,15,16,20,23 | |
_symbolPostfix | string | |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone DevelopMan/Trading from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts, and any .mqh files into the Include folder the code expects.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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