by 
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
Beasts EA
This MetaTrader 4 expert advisor executes trades based on price momentum at the start of every new candle on timeframes below daily.
GitHub stars1
Forks0
Last update3 years ago19 Aug 2023
LicenceNone stated
Overview
Beasts EA identifies potential entries by comparing the current candle's close to the previous close, automatically closing existing opposing positions to reverse direction. The bot utilizes a visual on-chart dashboard that includes placeholders for AI-based metrics and a manual emergency close button. Risk is managed through a fixed lot sizing parameter, though the core execution logic lacks automated stop loss and take profit protection.
- Real-time on-chart dashboard
- Candle-based momentum execution
- Manual emergency close button
- Automatic position reversal
Details
Author
TeejayTechBro on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from BEASTS.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
lotSize | double | 0.1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone TeejayTechBro/ExpertAdvisory 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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