This expert advisor for MetaTrader 4 focuses on gold trading using daily price extremes and moving averages. It calculates the 7-day Simple Moving Average and identifies the highest price points from the previous five trading days to determine market direction. The EA executes its logic on a five-second timer interval
Trading robot · MT4
Clarissa EA
Clarissa is a MetaTrader 4 expert advisor that automates a momentum-based strategy utilizing price action and volatility indicators.
GitHub stars5
Forks6
Last update6 years ago21 Jun 2020
LicenceNone stated
Overview
Clarissa EA identifies entry opportunities by comparing Monday's price change to the 14-period Average True Range (ATR) on a daily timeframe. For trade management, the EA features volatility-based stop loss and take profit levels calculated as multipliers of the ATR. It includes an automated position sizing module that adjusts lot sizes based on a user-defined risk percentage of the account balance. The repository contains both complete and incomplete versions but lacks documentation.
- ATR-based volatility filters
- Automated risk-based position sizing
- Monday price movement signal logic
- Customizable ATR multipliers for exits
Details
Author
Lucas170 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Breakout
Markets
Forex
Timeframes
H4 and above
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 Clarissa_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 | |
Slippage | int | 3 | |
UseStopLoss | bool | True | |
StopLoss | int | 30 | |
isVolatilityStopOn | bool | True | |
VolBasedSLMultipler | int | 1 | |
UseTakeProfit | bool | True | |
TakeProfit | int | 0 | |
isVolatilityTakeProfitOn | bool | True | |
VolBasedTPMultipler | int | 2 | |
UseTrailingStop | bool | False |
Show all 19 inputs
| Name | Type | Default | Description |
|---|---|---|---|
TrailingStop | int | 0 | |
entryRuleVersion | int | 1 | |
atr_period | int | 14 | |
ATRmultiplier | int | 1 | |
Lots | double | 1.0 | |
isSizingOn | bool | true | |
Risk | double | 3 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Lucas170/Chapter-15-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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