This MetaTrader 5 expert advisor implements a box breakout strategy designed for the foreign exchange market. The robot identifies price ranges during specific time windows and enters trades upon a breakout. It features a trend filter using fast and slow moving averages to align entries with broader market direction. R
Trading robot · MT4
AutoNAS
AutoNAS is an automated trading robot designed for the NAS100 index and USOil on the MetaTrader 4 platform.
GitHub stars4
Forks2
Last update7 years ago20 May 2019
LicenceNone stated
Overview
AutoNAS employs a custom price-action strategy based on a variable threshold to determine entry points. The expert advisor monitors price movements relative to an initial anchor price, opening positions when specific volatility multipliers are reached. It manages trades through a dynamic trailing mechanism that tracks price extremes since entry, exiting or reversing positions based on retracement levels or time-based constraints. The strategy lacks traditional hard stop losses, and parameters are largely hardcoded within the source file.
- Automatic entry based on price threshold multipliers
- Dynamic trailing exit logic using price extremes
- Time-based trade expiration for low volatility periods
- Optimized specifically for NAS100 and USOil symbols
Details
Author
everchens on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Breakout, Trend following
Markets
Indices, Oil & commodities
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone everchens/AutoNAS 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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