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
Audjpy H1 EA Studio
This automated trading robot is designed specifically for the AUDJPY currency pair on the H1 timeframe for MetaTrader 4.
GitHub stars1
Forks0
Last update4 years ago12 Jan 2022
LicenceNone stated
Overview
Developed using the Expert Advisor Studio platform, the software utilizes a combination of directional and volume indicators to identify entry and exit points. It incorporates standard risk management features, including a fixed stop loss and take profit for each trade, alongside configurable session-based trading hours. The EA executes trades using fixed lot sizes and focuses on technical indicator logic generated from historical data analysis.
- Directional and volume indicator filters
- Fixed stop loss and take profit levels
- Configurable session trading hours
- Optimized for AUDJPY H1 timeframe
Details
Author
SEREMM on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following
Markets
Forex
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 EA Studio AUDJPY H1 64654435.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Stop_Loss | int | 35 | Stop Loss (pips) |
Take_Profit | int | 146 | Take Profit (pips) |
Ind1Param0 | int | 30 | Period |
Ind2Param0 | int | 638160 | Level |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone SEREMM/AUDJPY-H1-64654435 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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