This specific EA enters and exits positions at predefined times, specifically targeting the market rollover period to account for swap rates. It includes risk management settings such as fixed or percentage-based lot sizing, stop loss, and spread limits. The tool also provides day-of-week filters and profit-based closing logic. Additional files in the collection include a simple moving average crossover EA and an order visualization utility. The README documentation is absent.
Read from SwapTrader.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
EntryTime
string
23:50
TimeForEntry
int
4
UseMoneyManagement
bool
false
RiskPercent
double
30.0
Lots
double
0.1
UseExitTime
bool
true
ExitTime
string
00:00
TimeForExit
int
5
CloseByTotalProfit
bool
false
TotalProfitToClose
double
0.0
StopLoss
int
30
TakeProfit
int
0
Show all 23 inputs
Name
Type
Default
Description
SpreadLimit
double
5.0
MinimumSwap
double
0.0
MagicNumber
int
8022018
Slippage
int
3
ShowInformation
bool
true
UseDayManagement
bool
false
TradeMonday
bool
true
TradeTuesday
bool
true
TradeWednesday
bool
true
TradeThursday
bool
true
TradeFriday
bool
true
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone AlexDevFx/MQL4 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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