The Falcon is a MetaTrader 4 expert advisor designed for automated trading using a combination of moving averages and Keltner Channels. It utilizes trend-following logic for entries and incorporates advanced position sizing features, including percentage-based risk, adaptive volatility sizing, and margin-per-lot constr
Trading robot · MT4
ADX Cross EA
This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction.
High risk
GitHub stars143
Forks47
Last update2 years ago3 Apr 2024
LicenceNone stated
Overview
ADX Cross EA executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a profit-locking feature to secure gains. Users can choose between standard lot sizing or lot progression strategies, including a martingale option. The repository is designed as an educational tool for algorithmic trading development.
- ADX indicator crossover logic
- Optional martingale lot progression
- Configurable stop loss and take profit
- Profit locking mechanism
- Dynamic risk-based money management
Details
Author
chaipat-ncm on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Martingale, Trend following
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
Topics
amibroker
Input parameters
Read from ADX Cross EA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
magic | int | 42029 | |
CommonSettings | string | --------------------------------------------- | |
user_slippage | int | 2 | |
user_tp | int | 50 | |
user_sl | int | 50 | |
use_tp_sl | int | 1 | |
profit_lock | double | 0.90 | |
MoneyManagementSettings | string | --------------------------------------------- | |
money_management | int | 1 | |
min_lots | double | 0.1 | |
risk | int | 5 | |
progression | int | 0 | 0=none | 1:ascending | 2:martingale |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
IndicatorSettings | string | --------------------------------------------- | |
adx_period | int | 14 | |
adx_level | double | 25 | |
shift | int | 1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone chaipat-ncm/learn2trade 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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