Mad Pound Profits is a MetaTrader 4 expert advisor that automates trading based on structural breakouts and price action. The system utilizes time-specific analysis windows throughout the day to identify entry opportunities. It incorporates technical elements such as Fibonacci levels, momentum indicators, and mean reve
Trading robot · MT4
Bot Trend Line
Bot Trend Line is an automated trading tool for MetaTrader 4 that executes orders based on price interactions with trendlines.
GitHub stars2
Forks0
Last update4 years ago5 Jun 2022
LicenceNone stated
Overview
The expert advisor monitors lines to trigger market or pending orders when specific price conditions are met. It manages risk through a fixed risk-per-deal setting and includes account-level safeguards like maximum daily loss and minimum daily profit limits. For trade management, the system offers automatic breakeven functionality and a moving stop loss that can be adjusted based on candlestick patterns. The repository contains multiple versions but provides minimal documentation.
- Automated trendline crossing entries
- Daily risk and profit protection limits
- Candlestick-based moving stop loss
- Support for market and pending orders
Details
Author
thanhntt89 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Breakout, SMC / ICT / price action
Markets
Any symbol
Timeframes
Any timeframe
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 BotTrendLine.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
SettingGeneral | string | >>Setting General<< | |
RiskPerDeal | double | 20 | Risk_Per_Deal |
WinRiskFactor | double | 3 | Win/Risk factor F=TP/SL |
MaxLotAllDEAL | double | 2 | Max_Lot_ALL_DEAL |
MaxRiskPerDay | double | -100 | Max_Risk_per_Day |
MinProfitPerDay | double | 100 | Min_Profit_per_Day |
SettingTradingType | string | >>Setting Trading Time Frame<< | |
TradingTimeFrame | ENUM_TIMEFRAMES | PERIOD_H4 | Trading time frame |
SettingTradingMode | string | >>Setting Trading Mode<< | |
TradingType | ENUM_TRADING_TYPE | SetTrend | Trading Type |
SettingTradingTypeAuto | string | >>Setting Trading Position<< | |
MarketTrend | ENUM_POSITION_TYPE | LongAndShort | Set market trend |
Show all 22 inputs
| Name | Type | Default | Description |
|---|---|---|---|
SettingOpenOrderType | string | >>Setting Open Order Type<< | |
OpenOrderType | ENUM_ORDER_TYPES | OrderTypeMarket | Open order type |
SettingFiboLevel | string | >>Setting OpenOrderType: OrderTypeLimit / OrderTypeMarket<< | Set fibo(1-100) using for OpenOrderType: OrderTypeStop / OrderTypeMarket (waiting for fibo) |
FiboLevel | double | 23.8 | |
SettingBreakEvent | string | >>Setting Break Event<< | |
IsSetBreakEvent | bool | true | Set break event |
SettingMovingSotpLoss | string | >>Setting moving stop loss<< | |
IsMovingStopLoss | bool | true | Set moving stopLoss |
StopLossMinProfits | double | 20 | Min profit to move stoploss |
IsUsedCandlePattenMovingStopLoss | bool | true | Using candle patten to moving stoploss |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone thanhntt89/Forex-MQL4-BotTrendLine 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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