4xlots Extra EA Collection: Free MT4 Expert Advisor

Overview

The collection includes various trading robots such as a trend-following system, a double SMA crossover strategy, and a Martingale-based EA. It focuses on dynamic risk controls by utilizing a REST API bridge to manage lot sizes based on account equity and margin levels. Risk features include trailing stops, hedging multiples, equity protection, and trade frequency limits to prevent account drawdown.

REST API bridge for external risk management

Equity-based lot size scaling

Margin level protection and hedging controls

Collection of trend and crossover strategies

Details

Author

patrickingle on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Martingale, Hedging, Indicator crossover

Markets

Forex

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Holds opposite positions at once

EA files

Topics

forexforex-tradingforex-predictionforexconnect-apiforexmm

Source

github.com/patrickingle/4xlots-extra

Input parameters

Read from ForexGeneral.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`MTBridgeURL`	`string`	`http://localhost:3000/`
`TradeEnabled`	`bool`	`true`
`MinEquity`	`double`	`0`
`MinimumProfit`	`double`	`2`
`MoneyManagement`	`bool`	`false`
`Risk`	`double`	`2.5`
`Hedge`	`bool`	`false`
`HedgeMultiple`	`double`	`2`	Increases the trend side lots by this multple for a hedge trade
`HedgeRisk`	`int`	`0`	0=low [<0.63%],1=medium[<0.77%],2=high
`OTS`	`bool`	`false`	One trade open at a time per currency
`OTG`	`bool`	`false`	One trade open at a time for all currencies/charts
`MaxLots`	`double`	`1000`	The maximum lots

Show all 20 inputs

Name	Type	Default	Description
`Expiry`	`double`	`172800`	value is in seconds (660=10 mins; 172800=48 hrs[2 days]
`slippage`	`int`	`10`
`TrailingStop`	`double`	`50`
`name`	`string`	`4XITE`
`voice_confirmation`	`bool`	`false`	turns on voice confirmation after each trade
`Currency1`	`string`	`AUDJPYi`
`Currency2`	`string`	`CADJPYi`
`Currency3`	`string`	`AUDCADi`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone patrickingle/4xlots-extra 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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