Forex Brother Algo 1: Free MT4 Expert Advisor

Overview

Forex Brother Algo 1 incorporates several technical entry signals, including Ichimoku, Bollinger Bands, and ADX-filtered logic. The EA provides multiple trade management options, explicitly including martingale lot scaling, zone recovery, and fixed stop losses. It is designed to handle a list of currency pairs simultaneously from a single instance, utilizing a modular helper class for execution. The repository relies on external configuration files to define the active signal modes and symbol lists.

Modular signal logic including Ichimoku and Bollinger Bands

Integrated martingale and zone recovery risk modes

ADX-based trend filtering

Multi-symbol trade management system

Details

Author

hkmarquix on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Multi-strategy, Martingale, Indicator crossover, Trend following, Grid

Markets

Forex, Gold

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend

EA files

forexbrother_algo1.mq4

Source

github.com/hkmarquix/forexbrother_algo1

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone hkmarquix/forexbrother_algo1 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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