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
Analise Do Grafico IQ
Analise Do Grafico IQ is a MetaTrader 4 expert advisor that automates trading based on technical indicator signals.
GitHub stars1
Forks0
Last update5 years ago6 Mar 2021
LicenceNone stated
Overview
The robot utilizes the Moving Average Convergence Divergence (MACD) indicator to identify momentum shifts and an Exponential Moving Average (EMA) to filter for the prevailing trend. It opens buy and sell orders when the MACD crosses its signal line in alignment with the EMA trend. Risk management features include a fixed take profit and a trailing stop function. The repository primarily consists of standard MetaQuotes sample code, and the documentation provided is minimal.
- MACD and Signal line crossover detection
- Exponential Moving Average trend filter
- Automated trailing stop management
- Configurable take profit and lot sizing
Details
Author
carlosnowatzki on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
Input parameters
Read from MACD Sample.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TakeProfit | double | 50 | |
Lots | double | 0.1 | |
TrailingStop | double | 30 | |
MACDOpenLevel | double | 3 | |
MACDCloseLevel | double | 2 | |
MATrendPeriod | int | 26 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone carlosnowatzki/Analise-do-grafico-IQ 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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