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
Auto Trade EA
This MetaTrader 4 expert advisor executes automated trades based on Moving Average crossover logic and the Chandelier Exit method.
GitHub stars2
Forks0
Last update7 years ago27 Jan 2019
LicenceAGPL-3.0
Overview
Auto Trade EA utilizes multiple Moving Average periods and shifts alongside Average True Range and price extremes to identify market trends and potential exit points. Risk is managed through fixed lot sizing with adjustable stop loss and take profit parameters. While the code includes an RSI parameter, the developer notes the project serves as a foundation for implementing further technical strategies. The documentation is relatively brief regarding specific entry conditions.
- Moving Average crossover logic
- Chandelier Exit method using ATR
- Configurable price extreme lookback periods
- Fixed lot risk management
Details
Author
leonharvey on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following
Markets
Any symbol
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 AutoTradeEA_mt4.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
StopLoss | double | 1 | Stop Loss 1 for default 0 for no StopLoss (0.01to .99 value) |
TakeProfit | double | 60 | Тake Рrofit |
Period_MA_1 | int | 11 | Moving Avg 1 Period |
Period_MA_2 | int | 31 | Moving Avg 2 Period |
shift_MA_1 | int | 0 | Shift for Avg 1 Period |
shift_MA_2 | int | 0 | Shift for Avg 2 Period |
Period_MA_3 | int | 11 | Moving Avg 3 Period |
Period_MA_4 | int | 31 | Moving Avg 4 Period |
shift_MA_3 | int | 2 | Shift for Avg 3 Period |
shift_MA_4 | int | 2 | Shift for Avg 4 Period |
atr_period | int | 22 | ATR Period |
high_period | int | 22 | Highest value on the consecutive bars |
Show all 17 inputs
| Name | Type | Default | Description |
|---|---|---|---|
low_period | int | 22 | Lowest value on the consecutive bars |
shift_high | int | 1 | Shift value for highest on the consecutive bars |
shift_low | int | 1 | Shift value for lowest on the consecutive bars |
Lots | double | 0.1 | Lots to trade |
rsi_period | int | 14 | RSI Period |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone leonharvey/AutoTrade2.0 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
SuperMao is an automated trading robot for MetaTrader 4 that executes trades based on technical indicator configurations. The repository includes variations of the strategy, specifically utilizing Ichimoku Kinko Hyo for trend identification and a combination of Bollinger Bands with MACD crossovers for momentum-based en
This MetaTrader 4 expert advisor is an automated trading system designed for technical analysis using trend and momentum indicators. It incorporates multiple exponential and simple moving averages, RSI with integrated smoothing periods, and MACD. The EA manages risk through dynamic lot sizing based on account percentag
This expert advisor for MetaTrader 4 automates trading using five Exponential Moving Average periods to determine market direction. The developer notes an integration between C# and MQL4 for its operation. It manages trades with fixed stop loss and take profit parameters, ensuring each position has defined risk boundar
Max Profit is a trend-following expert advisor for MetaTrader 4, specifically optimized for the M1 timeframe. It utilizes a combination of technical indicators, including Parabolic SAR and MACD, to identify market trends and execute trades. The software includes dedicated modules for lot management, symbol analysis, an
This MetaTrader 4 expert advisor implements a classic moving average crossover strategy to automate trade entries. The robot monitors two user-defined simple moving averages of different periods. It enters a trade when the faster moving average crosses above or below the slower moving average on a new bar. Risk managem
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers