This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
Trading robot · MT4
ANB Scalper
ANB Scalper is an automated trading robot for MetaTrader 4 that implements a scalping strategy centered on Fibonacci retracement levels.
GitHub stars1
Forks0
Last update1 year ago27 Sep 2024
LicenceNone stated
Overview
The EA calculates support and resistance zones by analyzing the highest and lowest prices over a user-defined candle lookback period. It filters potential entries using a combination of the MACD indicator and Stochastic oscillator signals. The system executes trades with fixed lot sizes and includes a time-based filter to limit order frequency. Documentation is minimal, and the provided code snippet does not explicitly detail stop loss or take profit configurations.
- Fibonacci retracement level identification
- MACD momentum confirmation
- Stochastic signal filtering
- Time-based trade frequency filter
Details
Author
agustinnb on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping, Mean reversion
Markets
Any symbol
Timeframes
M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from ANB_Scalper2.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
FiboComment | string | FIBO SETTINGS | |
fibo_candles | int | 60 | |
fibo_magic | int | 12132321 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone agustinnb/Trading 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 is designed for gold scalping using a combination of Relative Strength Index and Exponential Moving Average indicators. It identifies entry points when momentum reaches specific overbought or oversold thresholds while considering moving average trends. The system manages risk through fi
Three Bar Play EA is a MetaTrader 4 robot designed for scalping based on three-bar price action patterns, specifically confirmations and reversals. The system manages risk by limiting execution to three trades per day and calculating position sizes based on a 2% account balance risk model. Upon identifying a setup, it
Wealth Protector is a MetaTrader 4 expert advisor designed for automated trading using technical indicators. It combines price envelopes and ZigZag parameters to determine market entries and exits. While described by the author as a scalping tool, it is specifically configured for use on the daily timeframe. The system
This MetaTrader 4 expert advisor utilizes the SuperTrend and Bollinger Bands indicators to identify market entries. It monitors for trend changes, breakouts, corrections, and pullbacks. The EA incorporates several risk management tools, including a configurable stop loss, dynamic stop loss logic, and a trailing stop. I
Ray Scalper is an automated expert advisor for MetaTrader 4 that uses technical indicators to trade both trend-following and counter-trend strategies. It monitors Bollinger Bands, Moving Averages, and Stochastic crossovers to trigger entries. The robot allows users to toggle between trend and anti-trend modes and inclu
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers