This repository provides a diverse library of expert advisors and technical indicators for MetaTrader 4. The collection includes robots utilizing moving average crossovers, MACD trend-following signals, and mean-reversion strategies based on Bollinger Bands. A notable inclusion is a Martingale robot that scales lot siz
Collection · MT4
ATR Breakeven Engulfing EA
ATR Breakeven Engulfing EA is a MetaTrader 4 trading robot that combines engulfing price action patterns with the Relative Strength Index for market entries.
High risk
GitHub stars1
Forks0
Last update1 year ago4 Oct 2024
LicenceMIT
Overview
ATR Breakeven Engulfing EA is designed to operate on low timeframes, such as M5, focusing on ranging currency pairs. The EA manages risk through fixed stop loss and take profit levels, while also employing a breakeven function and a trailing stop to protect gains. It includes a layering system allowing for multiple concurrent positions. The repository contains several variants of the logic but lacks a descriptive README.
- RSI overbought and oversold filters
- Average True Range volatility calculation
- Automatic breakeven and trailing stop logic
- Configurable maximum order layering
Details
Author
syarief02 on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Grid
Markets
Forex
Timeframes
M1-M5, M15-H1
Risk profile
- Opens a grid of orders: exposure builds up in a trend
EA files
- ATR_Breakeven_Engulfing_BU.mq4
- kelas17ea5b - BU.mq4
- kelas17ea5b.mq4
- Kelas17eaLima.mq4
- tsfxt-trailing-stop.mq4
- kelas17ea5.mq4
- kelasea4.mq4
- Flash.mq4
- kelasea4 - SL Hunter.mq4
- kelas17ea5c - BU.mq4
About 18 expert advisors in this repository. See them all on GitHub.
Input parameters
Read from ATR_Breakeven_Engulfing_BU.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EA_Name | string | ExpertName | |
MaxLayer | int | 10 | |
LotSize | double | 0.01 | Keep this declaration |
StopLoss | double | 100 | |
TakeProfit | double | 200 | |
RSIPeriod | int | 14 | RSI period input parameter |
RSIBuy | double | 70 | RSI value for BUY input parameter |
RSISell | double | 30 | RSI value for SELL input parameter |
BreakevenPips | int | 20 | Pips to move to breakeven |
TrailingPips | int | 10 | Pips for trailing stop |
MagicNumber | int | 12345 | Magic number input parameter |
ATRPeriod | int | 14 | ATR period input parameter |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
ATRMultiplier | double | 1.5 | ATR multiplier input parameter |
SerialKey | string | | User input for the encrypted serial key |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone syarief02/kelasEA17 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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