Festally MT4 EA Collection: Free MT4 Expert Advisor

Overview

The primary expert advisor identifies market direction by monitoring price channels and extrema over a set depth. It includes a moving average crossover strategy and a dedicated robot for gold markets. The code manages risk using a percentage-based lot sizing approach and a factor to adjust positions after losses. The repository lacks extensive documentation, but the code provides logic for identifying channel shifts and automated chart labeling.

Channel-based trend identification

Dynamic risk-based lot sizing

Moving average crossover entries

Automated price extrema labeling

Details

Author

nixecn on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Indicator crossover

Markets

Forex, Gold

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

Source

github.com/nixecn/mt

Input parameters

Read from festallySwing.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpDepth`	`int`	`5`	时间周期
`InpDeviation`	`int`	`100`	平缓振?
`MovingPeriod`	`int`	`12`	平均值指数时间周期
`MovingShift`	`int`	`0`	平均值指数划线平移
`Lots`	`double`	`0.1`	最小一手
`MaximumRisk`	`double`	`0.2`	资金使用比例
`DecreaseFactor`	`double`	`3`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone nixecn/mt 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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