Distance and Time Trader: Free MT4 Expert Advisor

Overview

The main EA places pending orders at a specific price distance during three user-defined time windows throughout the trading day. It manages risk via fixed stop loss and take profit levels, along with a configurable trailing stop system. Users can also enable a Relative Strength Index filter to prevent trades during specific momentum conditions. The repository lacks a README, providing minimal documentation for the included tools.

Time-restricted order execution windows

Configurable entry distance for pending orders

Integrated trailing stop with step logic

Optional RSI filter for trend confirmation

Automatic price digit normalization

Details

Author

blockchainhelp on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout

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.

EA files

Source

github.com/blockchainhelp/Mql4

Input parameters

Read from distance with trStop.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Magic`	`int`	`1`	expert id
`TimeToSetOrders_1`	`string`	`02:00`
`TimeToDelOrders_1`	`string`	`04:00`
`TimeToSetOrders_2`	`string`	`09:00`
`TimeToDelOrders_2`	`string`	`14:00`
`TimeToSetOrders_3`	`string`	`00:00`
`TimeToDelOrders_3`	`string`	`17:00`
`Lot`	`double`	`1`	lot
`StopLoss`	`int`	`10`
`TakeProfit`	`int`	`40`
`Distance`	`int`	`8`
`TrailingSwitcher`	`bool`	`true`	Trailing Stop

Show all 18 inputs

Name	Type	Default	Description
`TrailingStop`	`int`	`10`	Trailing Stop Distance
`TrailingStep`	`int`	`50`
`IRSI`	`bool`	`false`	RSI Switcher
`RSIPeriod`	`int`	`8`	Period Days
`RSIStopBuy`	`int`	`65`	RSI Level for Stop buy
`RSIStopSell`	`int`	`35`	RSI Level for Stop sell

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone blockchainhelp/Mql4 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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