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
Belinda EA
Belinda EA is an automated trading robot for MetaTrader 4 that implements a trend-following strategy based on moving average crossovers.
GitHub stars7
Forks17
Last update7 years ago14 Jan 2019
LicenceNone stated
Overview
Belinda EA enters long or short positions when a short-term simple moving average crosses a long-term moving average, provided a volatility filter is met. This filter compares the current Average True Range to a past value to ensure sufficient market movement. The expert advisor includes risk controls such as a fixed stop loss and a trailing stop. It manages exits through either the hard stop or an opposite crossover signal.
- Moving average crossover entry and exit logic
- ATR-based volatility filter
- Integrated trailing stop loss
- Configurable SMA and ATR parameters
Details
Author
Lucas170 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following
Markets
Any symbol
Timeframes
M15-H1
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.
Input parameters
Read from Belinda_Complete.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 12345 | |
SignalMail | bool | False | |
Lots | double | 1.0 | |
Slippage | int | 3 | |
UseStopLoss | bool | True | |
StopLoss | int | 30 | |
UseTakeProfit | bool | False | |
TakeProfit | int | 0 | |
UseTrailingStop | bool | True | |
TrailingStop | int | 30 | |
sma_short | int | 10 | |
sma_long | int | 40 |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
atr_period | int | 20 | |
atr_shift | int | 11 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Lucas170/Chapter-7-All-Files 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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