This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Trading robot · MT4
Forex Winner EA
Forex Winner EA is an automated trading robot for MetaTrader 4 that utilizes Relative Strength Index boundaries and volatility calculations to identify entry points.
High risk
GitHub stars1
Forks0
Last update2 years ago24 Sep 2023
LicenceNone stated
Overview
Forex Winner EA employs a martingale-style recovery strategy, using a lot multiplier to scale positions after losses. The EA includes risk management controls such as a hard stop loss, take profit, and a trailing stop, alongside an equity-based protection setting. It also features a trade timeout mechanism to close positions that remain open beyond a specified duration. The source code contains hardcoded account restrictions and an expiration date.
- RSI-based overbought and oversold entry logic
- Martingale lot scaling with configurable multiplier
- Volatility calculation based on historical bar data
- Equity risk protection and maximum trade limits
- Automatic timeout for closing stagnant positions
Details
Author
syarief02 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Martingale, Grid
Markets
Forex
Timeframes
M15-H1
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
Input parameters
Read from Forex Winner Ea 1.02.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EA_Name | string | Forex WINNER EA | |
Stoploss | int | 500 | StopLoss |
TrailStart | int | 10 | |
TrailStop | int | 10 | |
LotExponent | double | 1.2651 | Lot Multiplyer e.g 0.1, series: 0.16, 0.26, 0.43 ... |
DynamicPips | bool | true | |
DefaultPips | int | 12 | |
_GLUBINA_ | string | GLUBINA = number of last bars to calculate volatility | |
Glubina | int | 24 | number of last bars for calculation of volatility |
DEL | int | 3 | |
slip | int | 3 | how much the price may differ if the DC prompts requotes (the last time a little change the price) |
Lots | double | 0.01 | LOT SIZE |
Show all 25 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Equity_per_lot | int | 10 | EQUITY PER LOT |
lotdecimal | int | 2 | how many decimal places in the lot count 0 - normal items (1) 1 - mini lots (0.1), 2 - micro (0.01) |
TakeProfit | double | 230.0 | Number of pips to close the trade |
RsiMinimum | double | 30.0 | Lower Boundry RSI |
RsiMaximum | double | 70.0 | Upper Boundry RSI |
MagicNumber | int | 1111111 | magic number (Advisor uses this to distinguish trades) |
PipStep | double | 0 | |
MaxTrades | int | 17 | the maximum number of simultaneously opened orders |
UseEquityStop | bool | FALSE | |
TotalEquityRisk | double | 20.0 | |
UseTrailingStop | bool | FALSE | |
UseTimeOut | bool | FALSE | use a timeout (to close the treade if they "hang" for too long) |
MaxTradeOpenHours | double | 960.0 | timeout trade hours (how many hovering close the transaction) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone syarief02/ForexWinner 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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