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Heiken Ashi Naive is a trading robot for MetaTrader 4 and 5 that executes trades based on Heiken Ashi candle characteristics, including body length and wick presence. It evaluates candle sequences to enter positions and can be configured to either follow the trend or operate in an inverted mode for mean-reversion. Risk
Trading robot · MT4
EMA RSI Expert
This MetaTrader 4 expert advisor executes trades based on the alignment of Exponential Moving Average and Relative Strength Index indicators.
GitHub stars2
Forks1
Last update8 years ago21 Nov 2017
LicenceNone stated
Overview
The system enters buy orders when RSI suggests an oversold condition alongside bullish EMA momentum, and sell orders for overbought bearish conditions. It uses a fixed lot size and a static risk-to-reward ratio of 1:3. The project lacks a README and provides minimal user-configurable settings, as most trading parameters like stop loss and take profit are hardcoded into the execution logic.
- Indicator-based entry logic
- Hardcoded 1:3 risk-to-reward ratio
- Automated trade execution
- RSI oversold and overbought filtering
Details
Author
nasimalsajjad on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Mean reversion
Markets
Forex
Timeframes
Any timeframe
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 EMA_RSI.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RSI_Period | int | 14 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone nasimalsajjad/ExpertAdvisor 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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