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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
Demo Bot
This MetaTrader 4 expert advisor implements a trend-following strategy using two Simple Moving Averages.
GitHub stars3
Forks2
Last update8 years ago16 Oct 2017
LicenceNone stated
Overview
Demo Bot is specifically pre-configured for the CHFJPY currency pair on the 30-minute timeframe. The robot identifies entries when a fast 145-period SMA and a slow 250-period SMA align, placing pending orders rather than market execution. Risk management includes a fixed lot size, a maximum trade limit, and a spread filter. It also features a significant delay between trades and an automatic time-based exit for open positions. The repository contains no documentation.
- Simple moving average trend detection
- Spread and pending order expiration filters
- Time-based trade management and delays
- Fixed lot sizing and trade limits
Details
Author
johnnydeez-zz on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover
Markets
Forex
Timeframes
M15-H1
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.
EA files
Input parameters
Read from DemoBot.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Magic | int | 12345 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone johnnydeez-zz/open-source-forex-robots 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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