This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
Fisher EA
This MetaTrader 4 expert advisor implements a trend-following strategy based on volatility and momentum.
GitHub stars2
Forks0
Last update3 years ago25 Jan 2023
LicenceMIT
Overview
Fisher EA utilizes Average True Range calculations with configurable fast and slow multipliers to identify trade entries and manage exits. The robot handles risk through a percentage-based budget per trade, a fixed risk-reward ratio, and a global limit on the number of open positions. While the documentation emphasizes trading discipline and mindset, the underlying logic focuses on capturing price movements using volatility-based triggers and trend filters.
- Volatility-based entries using fast and slow ATR multipliers
- Percentage-based risk management budget per trade
- Automated exit logic based on risk-reward ratios
- Configurable maximum total concurrent open positions
Details
Author
jyyan on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following
Markets
Forex
Timeframes
M15-H1
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 FisherEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MaxLots | double | 0.14 | 每手倉位上限 |
TxBudget | double | 0.1 | 每手風險百分比 3% ~ 7% |
SL | double | 42 | 停損基準(? |
RR | double | 2.5 | 風報比(綠球) |
MaxSLMultiple | double | -3 | 停損比(黑球) |
MaxTPMultiple | double | 11 | 停利比(金球) |
FindEntryPeriod | int | 10 | 搜尋進場點位範圍 |
TrendPeriod | int | 50 | 指數統計週期 |
AtrSlwM | double | 2.8 | ? |
AtrFstM | double | 2.35 | 快線 ATR 比 |
MaxTotalTicket | int | 20 | 最大在場持倉數 |
ATRTimeframe | int | PERIOD_M15 | ATR 計算區間 (1,5,15,30,60,240) |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
TriggerBP | int | 1 | 買點參數 > 0 |
TriggerSP | int | -1 | 賣點參數 < 0 |
TriggerATR | double | 8 | ATR 觸發交易基準 |
vSlippage | int | 5 | ? |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone jyyan/Fisher-EA-MQL4 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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