Barekat Expert: Free MT4 Expert Advisor

Overview

Barekat Expert utilizes two ZigZag indicators for price action analysis, a Simple Moving Average for trend filtering, and the Relative Strength Index and Stochastic oscillators for momentum confirmation. The system manages entries and exits using specific logic for stop loss and take profit levels. The repository is presented as a collection of code snippets, and the main EA file contains hardcoded parameters for indicator periods and depths, suggesting a specific technical configuration for automated trading.

Dual ZigZag price structure analysis

RSI and Stochastic momentum filters

Simple Moving Average trend detection

Automated stop loss and take profit management

Details

Author

kazem94 on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Indicator crossover, Multi-strategy

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

BarekatEXP3.mq4

Source

github.com/kazem94/MQL4

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone kazem94/MQL4 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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