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
EMA 200 EA
This MetaTrader 4 expert advisor executes a strategy based on the 200-period Exponential Moving Average.
High risk
GitHub stars1
Forks0
Last update6 years ago1 Jun 2020
LicenceNone stated
Latest releasev26 years ago
Overview
EMA 200 EA identifies potential entries when price action deviates from the EMA, specifically seeking bearish candles below the average for buy orders and bullish candles above the average for sell orders. The robot includes a swap-positive filter to favor carry trades and a distance-based logic for layering multiple positions. Risk management is handled through take profit targets and balance-proportional lot sizing, though it defaults to trading without a stop loss.
- EMA 200 price deviation filter
- Positive swap requirement option
- Minimum distance between orders
- Balance-based dynamic lot scaling
- EMA proximity distance checks
Details
Author
MrKali on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Grid
Markets
Forex
Timeframes
H4 and above, M15-H1
Risk Profile
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
EA Files
Input Parameters
Read from EMA200.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
take_profit_em_pontos | int | 300 | |
tamanho_do_lote | double | 0.01 | |
trade_apenas_com_swap_positivo | bool | true | |
afastamento_de_ordens_buy_em_pontos | int | 0 | |
afastamento_de_ordens_sell_em_pontos | int | 0 | |
afastamento_de_ema_minimo_sell_em_pontos | int | 0 | |
afastamento_de_ema_minimo_buy_em_pontos | int | 0 | |
magic_number | int | 5431 | |
balanceToIncrease | double | 1000 | |
lotSizeToIncrease | double | 0.01 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone MrKali/EMA200EA 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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