ETTrading: Free MT4 Expert Advisor

ETTrading

ETTrading is a collection of MetaTrader 4 expert advisors featuring a primary channel-based scalping robot and several standard indicator-driven strategies including MACD and Moving Average crossovers.

High risk

Overview

The core automated system utilizes a channel formed by moving averages to identify entry points, primarily targeting shorter timeframes. It includes comprehensive trade management features such as percentage-based lot sizing, an optional martingale multiplier, and trailing stops. Risk controls include basket-level profit and loss targets, hidden stop loss and take profit levels, and break-even settings. The repository contains various utility libraries and technical indicators but lacks a README for documentation.

Moving average channel entry logic

Basket-level percentage profit and loss targets

Optional martingale lot scaling

Hidden stop loss and take profit functionality

Integrated trailing stop and break-even management

Details

Input parameters

Read from channel-scalper-1.0.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`comment`	`string`	`TCS`	comment to display in the order
`magicbuy`	`int`	`1234`	magic number required for buy orders if you use different settings on a same pair, same timeframe
`magicsell`	`int`	`4321`	magic number required for sell orders if you use different settings on a same pair, same timeframe
`moneymanagement`	`string`	`Money Management`
`lots`	`double`	`0.1`	lots size
`lotsoptimized`	`bool`	`false`	enable risk management
`risk`	`double`	`1`	risk in percentage of the account
`martingale`	`bool`	`false`	enable the martingale
`multiplier`	`double`	`2.0`	multiplier used for the martingale
`minlot`	`double`	`0.01`	minimum lot allowed by the expert
`maxlot`	`double`	`10`	maximum lot allowed by the expert
`lotdigits`	`double`	`2`	1 for minilot, 2 for microlot

Show all 40 inputs

Name	Type	Default	Description
`basketpercent`	`bool`	`false`	enable the basket percent
`profit`	`double`	`10`	close all orders if a profit of 10 percents has been reached
`loss`	`double`	`30`	close all orders if a loss of 30 percents has been reached
`ordersmanagement`	`string`	`Order Management`
`oppositeclose`	`bool`	`false`	close the orders on an opposite signal
`reversesignals`	`bool`	`false`	reverse the signals, long if short, short if long
`maxtrades`	`int`	`1`	maximum trades allowed by the traders
`tradesperbar`	`int`	`100`	maximum trades per bar allowed by the expert
`hidestop`	`bool`	`false`	hide stop loss
`hidetarget`	`bool`	`false`	hide take profit
`buystop`	`double`	`55`	buy stop loss
`buytarget`	`double`	`4`	buy take profit
`sellstop`	`double`	`45`	sell stop loss
`selltarget`	`double`	`4`	buy take profit
`trailingstart`	`double`	`16`	profit in pips required to enable the trailing stop
`trailingstop`	`double`	`5`	trailing stop
`trailingstep`	`double`	`1`	margin allowed to the market to enable the trailing stop
`breakevengain`	`double`	`0`	gain in pips required to enable the break even
`breakeven`	`double`	`0`	break even
`slippage`	`double`	`2`	maximum difference in pips between signal and order
`maxspread`	`double`	`3`	maximum spread allowed by the expert
`entrylogics`	`string`	`Entry Logics`
`channeltf`	`int`	`15`	timeframe of the ma channel
`uppermamethod`	`int`	`3`	method of the upper ma
`uppermaperiod`	`int`	`3`	period of the upper ma
`uppermaprice`	`int`	`2`	price of the upper ma
`uppermargin`	`double`	`0`	margin to add or substract on the upper ma
`lowermamethod`	`int`	`0`	method of the lower ma

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Pipal2k/ETTrading 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, and any .mqh files into the Include folder the code expects.

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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ETTrading

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