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
24Hours Bot
This MetaTrader 4 expert advisor is a basic automation script designed to reach a specific profit target.
GitHub stars3
Forks0
Last update1 year ago2 Apr 2025
LicenceMIT
Overview
Upon initialization, the bot checks the current account profit against a hardcoded threshold. If the target is not met, it immediately executes a market buy order with a fixed lot size. It features an alert system to notify the user once the profit target is achieved. The logic is highly simplified, lacking technical indicators, risk management settings, or a defined exit strategy, as it opens trades without a stop loss or take profit.
- Hardcoded profit target monitoring
- Initial buy order execution
- Local alert notifications
- Fixed lot size trading
Details
Author
fathiaomar on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone fathiaomar/bot 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.
- 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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