This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Trading robot · MT4
EA Lucre Min Balance
This MetaTrader 4 expert advisor provides automated forex trading using a grid-based strategy.
High risk
GitHub stars1
Forks0
Last update5 years ago14 Sep 2021
LicenceNone stated
Overview
The robot enters trades based on time-restricted windows and manages them using a martingale lot scaling mechanism. Users can configure the lot multiplier, the distance between grid levels, and a maximum level limit. For risk control, it features a fixed take profit and a balance-based stop-out level, though it operates without a standard stop loss by default. The repository contains minimal documentation, requiring users to rely on the source code for logic.
- Martingale lot scaling with configurable multiplier
- Grid distance and maximum level controls
- Hourly trading time window filter
- Global balance protection stop
Details
Author
haucongle on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Grid, Martingale
Markets
Forex
Timeframes
M1-M5
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
Topics
expert-advisorforexmetatrader4mql4trading
Input parameters
Read from EA_LUCRE_MinBalance.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Use_Hour | string | Start End Hour | |
StartTrade | int | 0 | |
EndTrade | int | 24 | |
Use_DbLots | string | If = 1-> Multiplier Lot, If = 2-> Fixed Lot | |
DbLots | int | 1 | |
Lots | double | 0.01 | |
SL | double | 0.0 | |
TP | double | 4.0 | |
Distance | double | 2.0 | |
Multiplier | double | 2.0 | |
MaxLevel | int | 20 | |
MagicNumber | int | 163992 |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
EA_Comment | string | EA_LUCRE_MinBalance | |
StopBalance | double | 250 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone haucongle/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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