by 
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
ADX Martingale EA
This MetaTrader 4 expert advisor uses the Average Directional Index to identify and trade market trends.
High risk
GitHub stars2
Forks0
Last update6 years ago8 Oct 2019
LicenceNone stated
Overview
ADX Martingale EA implements a volatility-based risk management system using the Average True Range to calculate stop loss and take profit levels dynamically. The strategy includes a configurable martingale lot scaling mechanism and limits the total number of concurrent trades to manage exposure. Users can adjust entry delays via bar waiting parameters and define total account risk as a percentage of equity.
- Trend identification using ADX indicator
- Volatility-based risk management via ATR
- Configurable martingale lot scaling
- Maximum concurrent trade limits
- Time-based order management settings
Details
Author
MatthewWebster10 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from ADX MARTINGALE.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
WAIT_BARS | int | 5 | |
MAX_TRADES | int | 3 | |
NEW_TRADE_WAIT_BARS | int | 26 | |
MULTIPLIER_TP | int | 5 | |
MULTIPLIER_SL | int | 3 | |
Martingale | bool | True | |
Time_Based_Orders | bool | True | |
Do_Separation | bool | True | |
ATR_period | int | 20 | |
ATR_avg_period | int | 5 | |
Slippage | int | 3 | |
ADX_period | double | 14 |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
ADX_avg_period | double | 5 | |
EA_tot_risk | double | 0.15 | |
pseudo_sl | double | 20 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone MatthewWebster10/ADX-Expert-Advisor 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.
Similar expert advisors
This MetaTrader 4 expert advisor executes trades based on a combination of Relative Strength Index and Moving Average indicators to identify key entry levels. It includes multiple order management features such as a trailing break-even stop and a four-stage partial profit-taking system. Risk management is handled throu
This MetaTrader 4 expert advisor automates trading on the foreign exchange market, with specific testing historicals for GBPUSD on the five-minute timeframe. It focuses on intraday logic, allowing users to define specific trading windows and maximum daily trade limits. Risk controls include dynamic lot sizing based on
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
Collinator is a MetaTrader 4 expert advisor specifically designed for trading US30 during the New York market open. It initiates trades based on the 8:30 AM candle trend or moving average crossovers. The robot features comprehensive exit management, including four stages of partial profit taking and a break-even stop l
EA HiLo is an automated trading robot for MetaTrader 4 that utilizes the HiLo Activator indicator for signal generation. It executes buy orders when the price closes above the indicator and sell orders when it closes below. The system includes a directional filter based on a moving average to confirm market trends befo
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers