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 Sizing EA
The Belinda Sizing EA is a MetaTrader 4 expert advisor that executes a trend-following strategy based on Simple Moving Average crossovers.
High risk
GitHub stars5
Forks9
Last update9 years ago15 Mar 2017
LicenceNone stated
Overview
Belinda Sizing EA uses a volatility filter comparing current Average True Range values against historical data to confirm market conditions before entry. Trades are managed with a hard stop loss and a trailing stop, while exits are triggered by reverse crossovers. The robot features a dynamic position sizing module that calculates lot sizes based on a percentage of the account balance. While the repository lacks a README, the code includes specific rules for entry, exit, and risk management.
- SMA crossover signal logic
- ATR-based volatility filter
- Dynamic risk-based position sizing
- Hard stop loss and trailing stop
Details
Author
Lucas170 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following, Martingale
Markets
Forex
Timeframes
M15-H1
Risk profile
- Uses martingale lot scaling: losses can grow fast
Input parameters
Read from BelindaSizing_CustomIndicator_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 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
atr_period | int | 20 | |
atr_shift | int | 11 | |
isSizingOn | bool | true | |
Risk | double | 1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Lucas170/Chapter-14-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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