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 Sofia
EA Sofia is an automated trading robot for MetaTrader 4 that implements a grid-based martingale strategy.
High risk
GitHub stars1
Forks0
Last update2 years ago11 Oct 2023
LicenceNone stated
Overview
EA Sofia is designed to operate on the M5 timeframe, specifically targeting ranging currency pairs. The EA enters trades and manages positions by layering orders at fixed or incremental distances, using a multiplier to increase lot sizes after losses. It includes risk controls such as maximum lot limits and take profit settings, though the default configuration lacks a stop loss. It also features an auto-compounding lot sizing mechanism.
- Martingale lot scaling with adjustable multiplier
- Grid trading with dynamic distance increments
- Auto-compounding based on initial capital
- Multiple analysis methods and execution modes
Details
Author
syarief02 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Grid, Martingale, Mean reversion
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
EA files
Input parameters
Read from EA Sofia 6.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EA_Name | string | EA Sofia | |
Execution_Mode | exc | B | Execution Mode |
Pos_Mode | pos | AA | Positions Mode |
Hedging | bool | false | enable/disable hedging |
Method | entry | EEE | Analysis Method |
Lots | double | 0.01 | Initial lot size |
GridTrading | bool | True | Grid Trading |
MartingaleMultiplier | double | 1.3 | martingale multiplier |
MaxLot | double | 500 | Maximum Lot size |
TakeProfit | double | 25.0 | take profit in pips |
StopLoss | double | 0 | stop loss in pips |
minDistance | double | 4 | Minimum Distance Between Orders |
Show all 17 inputs
| Name | Type | Default | Description |
|---|---|---|---|
distanceIncrement | double | 2.0 | Distance increment between order |
maxDistance | double | 100.0 | Maximum distance between order |
MaxTrade | int | 99999 | Max Trade |
autoCompound | bool | true | |
initialCapital | double | 1000 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone syarief02/EASofia 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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