This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT4
Auto Cal Lots Expert Adviser
This MetaTrader 4 expert advisor functions as a semi-automatic trading assistant designed to automate lot sizing and position management.
GitHub stars1
Forks0
Last update5 years ago27 Mar 2021
LicenceNone stated
Overview
Auto Cal Lots Expert Adviser calculates position sizes based on the user account balance, a target interest rate, and a specific pips distance. The tool provides manual execution buttons for immediate buy and sell orders, including a feature for consecutive multiple entries to facilitate pyramiding. Risk management includes configurable stop loss and take profit levels, along with an automatic global exit function that closes all positions once a total pips profit threshold is reached.
- Automatic lot sizing based on account balance
- Consecutive entry execution for pyramiding
- Global pips-based automatic basket closure
- Manual trade control buttons with visual display
Details
Author
KawaiAkihiro on GitHub
Type
Trade manager
Platform
MetaTrader 4 (MQL4)
Markets
Forex
Timeframes
Any timeframe
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 Auto_Cal-Lot_Order.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
num_entry | int | 2 | 連続エントリー回数 |
pips | double | 20 | 基準獲得pips数 |
Interest_rate | double | 2.5 | 利率( /基準獲得pips数) |
account_type_lot | default_lot | standard | 口座タイプによる1ロットのサイズ |
max_lot | int | 50 | Fx会社ごとの最大ロット |
slip_pege | int | 2 | スリップページ[pips] |
Auto_exit | bool | false | 自動決済機能 |
Auto_pips | int | 30 | 自動決済基準[pips] |
profit_pips | int | 20 | 指値pips |
loss_pips | int | 50 | 逆指値pips |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone KawaiAkihiro/Auto_CalLots_Expert_Adviser 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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