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
Forex MT4 Perfect
Forex MT4 Perfect is an automated trading expert advisor for MetaTrader 4 that utilizes a suite of technical indicators to execute and manage positions.
High risk
GitHub stars1
Forks0
Last update2 years ago14 May 2024
LicenceUnlicense
Overview
The system integrates Cap Channel, Envelopes, and MACD indicators to identify market entries and exit signals. It features diverse position sizing methods, including fixed lots, percentage-based risk, and both positive and negative martingale scaling. Users can configure trade management through various exit options such as fixed risk-to-reward ratios or indicator-based reversals. While it provides granular control over stop loss calculations, the repository contains no documentation beyond the code.
- Indicator-based entries using MACD and Envelopes
- Multiple lot control modes including fixed risk percentage
- Positive and negative martingale lot scaling options
- Flexible exit logic based on indicator crossovers or channel boundaries
- Configurable stop loss calculation methods
Details
Author
mamadrahmani on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Martingale
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from perfect 3.7.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
do_trade_input | bool | true | DO TRADE |
do_multipletrade | bool | false | DO MULTIPLE TRADES OF EACH |
trigger_tf_input | ENUM_TIMEFRAMES | 0 | TRIGGER TIME FRAME |
lot_control_input | enum_lot_control | fixed_risk | LOT CONTROL |
fixed_lot_input | double | 0.01 | FIXED INPUT LOT |
risk_input | double | 1 | RISK % |
stop_calculator_input | enum_stop_calculator | sl_kgsr_calculator | SL CALCULATOR |
manual_stop_pips_input | int | 0 | MANUAL STOP PIPS |
martingale_max_level | int | 5 | MARTINGALE MAX LEVEL |
risk_equity_selector | enum_res | account_equity | RISK EQUITY SELECTOR |
fixed_balance_usd | double | 10000 | FIXED BALANCE USD |
closing_options | enum_co | fix_tp | CLOSING OPTION |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
fix_tp_risk_reward_ratio | double | 1 | R/R for FIXED TP |
min_stop_pips | int | 50 | MINIMUM STOP PIPS |
string_capchannel | string | ---------------CAP CHANNEL--------------- | CAP CHANNEL |
use_capchannel | bool | False | USE CAP CHANNEL |
capchannel_tf | ENUM_TIMEFRAMES | 0 | CAP CHANNEL TIME FRAME |
capchannel_half_length | int | 100 | CAP CHANNEL HALF LENGTH |
capchannel_price | ENUM_APPLIED_PRICE | PRICE_CLOSE | CAP CHANNEL PRICE |
capchannel_bands_deviation | double | 2.0 | CAP CHANNEL BANDS DEVIATION |
capchannel_shift | int | 1 | CAP Shift |
string_envelopes | string | ---------------ENVELOPS--------------- | ENVELOPES |
use_envelopes | bool | true | USE ENVELOPES |
envelopes_tf | ENUM_TIMEFRAMES | 0 | ENVELOPES TIME FRAME |
envelopes_ma_period | int | 55 | ENVELOPES MA PERIOD |
envelopes_ma_method | ENUM_MA_METHOD | MODE_SMA | ENVELOPES MA METHOD |
envelopes_ma_shift | int | 1 | ENVELOPES MA SHIFT |
envelopes_applied_price | ENUM_APPLIED_PRICE | PRICE_CLOSE | ENVELOPES APPLIED PRICE |
envelopes_deviation | double | 0.5 | ENVELOPES DEVIATION |
env_shift | int | 1 | ENV Shift |
string_macd | string | ---------------MACD--------------- | MACD |
use_macd_instant | bool | False | USE MACD INSTANT |
use_macd_switch | bool | False | USE MACD SWITCH |
macd_tf | ENUM_TIMEFRAMES | 0 | MACD TIME FRAME |
macd_fast_ma | int | 12 | MACD FAST MA |
macd_slow_ma | int | 26 | MACD SLOW MA |
macd_signal_ma | int | 9 | MACD SIGNAL MA |
macd_shift | int | 1 | MACD Shift |
string_twmacd | string | ---------------TRADING VIEW MACD--------------- | TRADING VIEW MACD |
use_twmacd | bool | False | USE TW MACD |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone mamadrahmani/Forex_mt4_Perfect 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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