This repository contains a collection of MetaTrader 4 expert advisors, including the Ariel Turtle Bot and several named variants like Elisa, Cary, and Faith. The primary logic utilizes Donchian Channel breakouts combined with Simple Moving Average filters to identify trend-following entries. The software includes compr
Collection · MT4
Bystruev Trading Collection
This repository for MetaTrader 4 contains a series of expert advisors based on the Bystruev algorithm.
High risk
GitHub stars3
Forks2
Last update3 years ago14 Oct 2022
LicenceNone stated
Overview
The core logic focuses on price velocity and spread monitoring to place pending stop or limit orders. Trade management includes a global stop loss and a trailing profit mechanism that activates once a specific percentage of the account balance is reached. The collection includes several variations of the strategy, including experimental versions that utilize martingale lot scaling and aggressive step-based entries. Documentation is minimal and primarily points to external discussion forums.
- Price velocity and spread monitoring
- Pending stop and limit order execution
- Account balance percentage trailing profit
- Configurable trade frequency in seconds
- Multiple algorithmic strategy variations
Details
Author
dbystruev on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Breakout, Martingale
Markets
Forex
Timeframes
M1-M5, M15-H1
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
- 2021/2020.06.15_Bystruev16_stop.mq4
- 2021/WaiterMulti.mq4
- 2014/2020.06.15_Bystruev16.mq4
- 2021/Waiter.mq4
- 2022/Agressive_Steps.mq4
- 2021/2020.06.15_Martingale.mq4
- 2014/Bystruev8.mq4
- 2014/Bystruev9.mq4
- 2014/Bystruev7.mq4
- 2014/Bystruev.mq4
About 62 expert advisors in this repository. See them all on GitHub.
Source
Input parameters
Read from 2020.06.15_Bystruev16_stop.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
trade_period | int | 15 | how often to trade in seconds |
stop_loss | int | 40 | initial stop loss level |
max_balance | double | 0 | maximum reached account balance |
min_profit | double | 0.005 | minimum profit from current balance (0.005 = 0.5%) |
trailing_level | double | 0.8 | trailing level (0...1) |
use_stop_order | bool | true | use stop (true) or limit (false) orders |
return_level | int | 10000 | when to set take profit equal to buy price |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone dbystruev/mql 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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