This MetaTrader 4 expert advisor focuses on Gold trading using institutional pivot point levels and fractal-based support and resistance zones. The robot filters entries through a combination of RSI, MACD, and moving average alignment, supplemented by a trade quality scoring system. It includes comprehensive risk contr
Trading robot · MT4
EA Skeleton
This MetaTrader 4 expert advisor serves as a development prototype based on standard technical indicators.
GitHub stars1
Forks0
Last update8 years ago5 Apr 2018
LicenceNone stated
Overview
EA Skeleton utilizes a combination of MACD signal line crossovers and Bollinger Band price interactions to automate trade entries. The robot initiates buy orders when the MACD main line is above the signal and price recovers from the lower band, while sell orders are triggered on opposite conditions. It features basic trade management that closes positions when reversal signals are detected. The EA employs fixed lot sizing, lacks an active stop loss or take profit by default, and includes a minimal README.
- MACD crossover entry signals
- Bollinger Band price filtering
- Automated position reversal logic
- Fixed lot size execution
Details
Author
djalilMQL on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from EA_Skeleton.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
x | int | 12 | |
y | int | 26 | |
z | int | 9 | |
f | int | 21 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone djalilMQL/my_EA 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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