This repository provides a diverse library of expert advisors and technical indicators for MetaTrader 4. The collection includes robots utilizing moving average crossovers, MACD trend-following signals, and mean-reversion strategies based on Bollinger Bands. A notable inclusion is a Martingale robot that scales lot siz
Collection · MT4
Elekou Expert Advisor Collection
This repository offers a collection of MetaTrader 4 expert advisors focused on technical indicator triggers and price action.
GitHub stars3
Forks0
Last update6 years ago22 Jun 2020
LicenceNone stated
Overview
The suite includes tools for trading moving average crossovers, ADX momentum, and Stochastic oscillators. A dedicated EA identifies specific candlestick patterns such as Three White Soldiers and Evening Stars. Trade management is facilitated by a multi-stage trailing stop and a basket closer tool that exits positions based on account equity growth. Risk management includes fixed stop loss and take profit settings, though the README notes the project is for educational purposes.
- Automated Japanese candlestick recognition
- Trend following and momentum indicators
- Equity percentage basket closer
- Multi-stage trailing stop logic
Details
Author
elekou on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following, Mean reversion
Markets
Forex
Timeframes
M15-H1, H4 and above
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
Input Parameters
Read from CandlestickPatterns.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
USER_TAKE_PROFIT_PIPS | int | 1000 | Default Take Profit in pips |
USER_STOP_LOSS_PIPS | int | 150 | Default Stop Loss in pips |
USER_POSITION | double | 0.01 | Base of position size calculations |
ENABLE_THREE_WHITE_SOLDIERS | bool | true | |
ENABLE_THREE_BLACK_CROWS | bool | true | |
ENABLE_MORNING_STAR | bool | true | |
ENABLE_EVENING_STAR | bool | true | |
USER_LOGGER_DEBUG | bool | false | Enable or disable debug log |
USER_BACK_PERIODS | int | 7 | How many periods back to check price for support/resistance |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone elekou/expert-advisors 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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