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
Boss Logic
Boss Logic is an automated trading robot for MetaTrader 4 that utilizes a combination of the Zigzag indicator, MACD, and Turtle Trading Channel logic.
GitHub stars1
Forks0
Last update8 years ago25 Feb 2018
LicenceNone stated
Overview
The EA monitors price pivots across various bar intervals to identify potential entry points based on trend exhaustion or reversals. Trade management includes standard take profit and stop loss settings, alongside a trailing stop and a retrace-based exit mechanism to protect gains. Users can adjust Zigzag depth and Turtle periods to suit different market conditions. The repository lacks documentation, and default stop settings are disabled.
- Multi-indicator strategy using Zigzag and MACD
- Turtle Trading Channel logic for trend identification
- Customizable trailing stop and retrace management
- Visual on-screen dashboard for status tracking
Details
Author
chaninnart on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from boss_logic.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
zigzag_Depth_LineA | int | 60 | Zigzag Depth Value |
zigzag_Deviation_LineA | int | 0 | Zigzag Deviation Value |
zigzag_Backstep_LineA | int | 0 | Zigzag Backstep Value |
TurtleTradePeriod_S | int | 2 | |
TurtleStopPeriod_S | int | 0 | |
TurtleTradePeriod_M | int | 10 | |
TurtleStopPeriod_M | int | 0 | |
Lotsize | double | 0.1 | Order Setting (Lot Size) |
SL | double | 00 | Stop Loss (in Points) |
TP | double | 00 | Take Profit (in Points) |
TS | int | 0 | Trailing Stop (in Points) |
profit_target | int | 20 |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
stoploss_target | int | -20 | |
increment_profit_target | int | 10 | to get more profit, let's step up |
retrace_val | int | 20 | if price drop from the best_profit do something ! |
tp_slippage | int | 5 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone chaninnart/boss_logic 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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