AutoTrade EA is a scalping robot for MetaTrader 4 and 5 that utilizes a multi-indicator signal scoring system based on Exponential Moving Average crossovers and RSI levels. It employs an aggressive trade management strategy featuring a dynamic grid and a stepped martingale lot scaling system where position sizes increa
Trading robot · MT4
Dynamic Risk Adjusted Expert Advisor
This MetaTrader 4 expert advisor implements a trend-following strategy using exponential moving average crossovers.
High risk
GitHub stars2
Forks1
Last update6 years ago26 May 2020
LicenceNone stated
Overview
Dynamic Risk Adjusted Expert Advisor automates trade entries when momentum shifts and manages exits based on a user-defined reward-to-risk ratio. The system features a dynamic position sizing algorithm to adjust lot sizes relative to account equity and includes a smartingale lot scaling mechanism. Risk controls include a maximum trade limit and optional hedging capabilities. A built-in dashboard tracks real-time performance metrics, though the documentation regarding the specific smartingale logic is limited.
- Dynamic position sizing algorithm
- Real-time performance dashboard
- Dual exponential moving average crossover
- Adjustable reward-to-risk ratio
- Smartingale lot management mechanism
Details
Author
gdepalma93 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Martingale, Hedging
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Holds opposite positions at once
Input parameters
Read from risk_adjusted_expert_advisor.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
risk | double | 0.02 | |
RR | int | 3 | |
minaccountrisk | int | 0.4 | |
fastMAPeriod | int | 10 | |
slowMAPeriod | int | 21 | |
MaxAmountOfTrades | int | 3 | |
HedgingAllowed | bool | True | |
Slippage | int | 30 | |
MagicSeed | int | 1000 | |
Password | string | HolyGrail | Please Enter Your Password. |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone gdepalma93/dynamic_risk_adjusted_expert_advisor 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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