Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
Trading robot · MT4
Bollinger Envelopes Grid
This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators.
High risk
GitHub stars26
Forks14
Last update8 years ago22 Dec 2017
LicenceNone stated
Overview
Bollinger Envelopes Grid primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage trades. It includes adjustable risk controls such as maximum order counts and lot limits, alongside traditional point-based stop loss and take profit settings. The software allows for specific trading directions including long-only, short-only, or both. The provided documentation is minimal and provides general platform definitions.
- Dual-strategy execution logic
- Bollinger Bands and Envelopes indicator filters
- Martingale lot scaling with multipliers
- Fixed distance grid position adding
- Configurable trade direction filters
Details
Author
gemgin on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Martingale, Grid
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
EA files
Topics
metatraderexpert-advisorsmetaquotes-language-4mql4eametatrader-4
Input parameters
Read from 02布林(new3).mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Stratgy_1 | kaiguan | shi | 是否使用组1参数做单 |
Stratgy_2 | kaiguan | shi | 是否使用组2参数做单 |
Lots | double | 0.1 | 交易手数(固定手数) |
EnverUseOrNot_c1 | kaiguan | shi | 是否在组1使用envelopes指标 |
period_enver_1 | int | 144 | 时间周期 |
move_enver_1 | int | 0 | 平移 |
type_enver_1 | ENUM_MA_METHOD | MODE_SMA | 移动平均 |
applied_enver_1 | ENUM_APPLIED_PRICE | PRICE_CLOSE | 应用于 |
deviation_enver_1 | double | 0.1 | 偏差(%) |
period_bands_c2 | int | 20 | 布林带周期 |
deviation_bands_c2 | double | 2 | 偏差 |
shift_bands_c2 | int | 0 | 平移 |
Show all 30 inputs
| Name | Type | Default | Description |
|---|---|---|---|
applied_bands_c2 | ENUM_APPLIED_PRICE | PRICE_CLOSE | 应用于 |
range_bands_c2 | double | 10 | ? |
period_enver_2 | int | 144 | 时间周期 |
move_enver_2 | int | 0 | 平移 |
type_enver_2 | ENUM_MA_METHOD | MODE_SMA | 移动平均 |
applied_enver_2 | ENUM_APPLIED_PRICE | PRICE_CLOSE | 应用于 |
deviation_enver_2 | double | 0.1 | 偏差(%) |
range_enver_2 | double | 200 | ? |
BarNumber | int | 40 | 有效期为X根K线? |
Lots_c2 | double | 0.1 | 组2手数 |
Add_Lots_Range | double | 100 | 固定加仓间隔 |
jiacangbeishu | double | 1 | 加仓倍数 |
Profit_c2 | double | 200 | 止盈点数 |
Loss_c2 | double | 200 | 止损点数 |
maxorder | int | 1 | 最大加仓次数 |
maxlots | int | 1 | 最大加仓手数 |
MAGICMA | int | 20010101 | 组1EA识别码（每个EA设为不同数字） |
MAGICMA_c2 | int | 20010102 | 组2EA识别码（每个EA设为不同数字） |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone gemgin/ExpertAdvisors 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.
Similar expert advisors
HolyLamp is a MetaTrader 4 automated trading system that utilizes mean-reversion signals across several technical indicators, including Bollinger Bands, RSI, Stochastics, and the Commodity Channel Index. It is primarily configured for EURUSD on the five-minute timeframe. The robot enters trades at indicator extremes an
This MetaTrader 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive
Angry Bird is a MetaTrader 4 expert advisor based on the Ilan 1.6 architecture, utilizing a mean-reversion strategy combined with aggressive risk management. The EA enters trades based on Relative Strength Index (RSI) levels to identify overextended price movements. It employs an exponential martingale lot scaling syst
This MetaTrader 4 expert advisor implements a trading strategy centered on the Money Flow Index (MFI) indicator. It opens buy positions when the MFI crosses below a user-defined threshold and sell positions when it crosses above a threshold. To manage losing trades, the EA employs a martingale-style lot scaling mechani
Se-0303 is an automated trading robot for MetaTrader 4 and 5 that employs a grid-based approach with Martingale lot scaling. It determines entries through trend analysis and M1 fractals, using coefficients to calculate order distances and take profit targets relative to price height. The EA includes specific risk contr
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers