Parallel System 3 is a MetaTrader 4 expert advisor developed specifically for trading gold. It utilizes a Directional Movement Index (DMI) signal generator with customizable smoothing periods and moving average methods. The trade management logic is based on a layered approach involving multiple trade packs, categorize
Trading robot · MT4
Averaging Master
Averaging Master is a MetaTrader 4 expert advisor that employs a directional averaging strategy.
High risk
GitHub stars3
Forks3
Last update6 years ago18 Mar 2020
LicenceNone stated
Overview
Averaging Master identifies trend direction using a 6-period moving average on the H4 timeframe and enters trades during specific morning hours. The system manages risk by layering up to four additional positions if the price moves against the initial entry. It features risk controls including a global stop loss and take profit defined as a percentage of the account balance, alongside a daily mandatory exit time. The README indicates the software is an ongoing development project.
- Trend filter using H4 moving average
- Time-restricted trade entry
- Account percentage stop loss and take profit
- Multiple position averaging logic
Details
Author
terukusu on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Grid
Markets
Forex
Timeframes
M15-H1
Risk profile
- Opens a grid of orders: exposure builds up in a trend
EA files
Input parameters
Read from AveragingMaster.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskFactor | double | 0.0015 | |
ProfitPercentage | double | 1.0 | |
LossPercentage | double | 40.0 | |
MaxSpread | int | 30 | |
MaxSlippage | int | 30 | |
AveragingStep | double | 0.001 | |
GMTShift | int | 0 | |
TestDataGMTOffset | int | 0 | |
TestSummerTimeShift | int | 1 | |
magic | int | 1134112 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone terukusu/averaging-master 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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