This repository functions as a large collection of over 170 MetaTrader 4 expert advisors provided in source code format for further development. The library includes various automated trading robots based on popular technical indicators such as Heiken Ashi, RSI, Stochastic, and MACD crossovers. The included files utili
Collection · MT4
Area Fifty One
This MetaTrader 4 expert advisor utilizes a modular approach to automated trading, offering multiple selectable strategies including trend-following, RSI mean-reversion, and moving average crossovers.
GitHub stars1
Forks2
Last update5 years ago20 Nov 2020
LicenceNone stated
Overview
Area Fifty One calculates entries using indicators like ADX, Stochastic, and Hull Moving Averages. Risk management is handled through either fixed lot sizes or dynamic sizing based on account leverage and free margin. The EA includes a trailing stop mechanism and a utility to manage manual trades. It is optimized for several major forex pairs on intraday and swing timeframes.
- Multi-strategy support including trend and RSI filters
- Dynamic lot sizing based on account margin and leverage
- Management of manually opened trading positions
- Integrated trailing stop and trailing step logic
Details
Author
Valerzen88 on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover, Mean reversion, Multi-strategy
Markets
Forex
Timeframes
M15-H1, H4 and above
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
- AreaFiftyOne.mq4
- Area51_SingleStrategy_EAs/Area51_Trendy.mq4
- AreaFiftyOne_Free.mq4
- Area51_SingleStrategy_EAs/Area51_OnRSI.mq4
- Area51_SingleStrategy_EAs/Area51_Stochi.mq4
- Area51_Utilities/Area51LittleHelperFree.mq4
- Probes/TrendVersion.mq4
- Probes/Checking_Stoploss.mq4
- Probes/FiftyFifty.mq4
- Area51_Utilities/Area51MoneyManager.mq4
About 25 expert advisors in this repository. See them all on GitHub.
Topics
areafiftyonepending-ordersbrokerstoplossprofitspreadposition-lotautosizesignalriskeurusd
Input parameters
Read from AreaFiftyOne.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Trading | static string | Base trading params | |
LotSize | double | 0.01 | |
LotAutoSize | bool | false | |
LotRiskPercent | double | 25 | |
MoneyManagement | static string | Set MM settings here | |
MoneyRiskInPercent | int | 0 | |
MaxDynamicLotSize | double | 0.0 | |
MaxMoneyValueToLose | int | 0 | |
Positions | static string | Handle positions params | |
TrailingStep | int | 15 | |
DistanceStep | int | 15 | |
TakeProfit | int | 750 |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
StopLoss | int | 10000 | |
MaxSpread | int | 25 | |
Indicators | static string | Choose strategies | |
TrendIndicatorStrategy | static string | ------------------- | |
UseTrendIndicator | bool | false | |
Smoothing | double | 3.0 | |
UseSMAOnTrendIndicator | bool | true | |
UseOneOrTwoSMAOnTrendIndicator | int | 1 | |
UseSMAsCrossingOnTrendIndicatorData | bool | false | |
RSIBasedStrategy | static string | ------------------- | |
UseRSIBasedIndicator | bool | true | |
UseCorridorCroosing | bool | false | |
MACD_ADX_MA_Strategy | static string | ------------------- | |
UseSimpleTrendStrategy | bool | false | |
SimpleStochasticCrossingStrategy | static string | ------------------- | |
UseStochasticBasedStrategy | bool | false | |
ADX_RSI_MA_Strategy | static string | ------------------- | |
Use5050Strategy | bool | false | |
UseMAOn5050Strategy | bool | false | |
StochastiCroosingRSIStrategy | static string | ------------------- | |
UseStochRSICroosingStrategy | bool | true | |
UseADX50PlusStrategy | static string | ------------------- | |
UseADX50Plus | bool | false | |
ADX50PlusPeriod | int | 34 | |
MagicTrendStrategy | static string | ------------------- | |
UseMagicTrendStrategy | bool | false | |
CCPeriod | int | 120 | |
HMAStrategy | static string | ------------------- |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Valerzen88/FiftyFiftyExpert 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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