Galm MT4 Expert Advisors Collection: Free MT4 Expert Advisor

Overview

The primary RubberBands EA utilizes Bollinger Bands for mean-reversion, entering when price exceeds the bands and exiting at the center line. It features advanced lot management, including linear and dynamic lot scaling that increases exposure. Risk management tools include a maximum floating loss limit and ATR-based distance filters between orders. The library also includes separate strategies based on Ichimoku Kinko Hyo, Darvas Boxes, and Heiken Ashi indicators.

Bollinger Band mean-reversion logic

Dynamic and linear lot size progression

ATR-based minimum distance trade filtering

Global maximum floating loss protection

Includes Ichimoku, Darvas Box, and Heiken Ashi robots

Details

Input parameters

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

Name	Type	Default	Description
`InpLabelBB`	`string`	`----- BOLLINGER BAND SETTINGS -----`	BOLLINGER BAND SETTINGS
`InpPeriod`	`int`	`20`	Period [>0]
`InpDeviation`	`double`	`2.0`	Deviation [>0]
`InpShift`	`int`	`0`	Shift [>=0]
`InpLabelTrade`	`string`	`----- TRADE SETTINGS -----`	TRADE SETTINGS
`InpTradeMode`	`TradeMode`	`TRADEMODE_BUY_AND_SELL`	Trade Mode
`InpLotProgression`	`LotProgression`	`LOT_DYNAMIC`	Size Progression
`InpLotSize`	`double`	`0.01`	Starting Lot Size [>=0.01]
`InpSkipTrades`	`int`	`4`	Skip First Few Trades [>=0]
`InpMaxFloatLoss`	`double`	`0.0`	Maximum Floating Loss (in dollars) [>0.0, 0.0 ~ Off]
`InpLabelFilter`	`string`	`----- FILTERS -----`	FILTERS
`InpDistanceType`	`MinimumDistance`	`DISTANCE_ATR`	Minimum Distance Between Trades

Show all 22 inputs

Name	Type	Default	Description
`InpMinDistance`	`double`	`100.0`	Constant Minimum Distance (in pips)
`InpLabelCustomize`	`string`	`----- CUSTOMIZATION -----`	CUSTOMIZATION
`InpInfoMode`	`InfoMode`	`INFO_SHOW_RIGHT`	Indicator Info
`InpInfoShiftX`	`int`	`0`	Indicator Info Horizontal Shift
`InpInfoFontSize`	`int`	`10`	Indicator Info Font Size [>0]
`InpInfoFontColor`	`color`	`clrPaleGreen`	Indicator Info Font Color
`InpBuyOpenArrow`	`color`	`clrBlue`	Arrow Color For Buy Open
`InpBuyCloseArrow`	`color`	`clrYellow`	Arrow Color For Buy Close
`InpSellOpenArrow`	`color`	`clrRed`	Arrow Color For Sell Open
`InpSellCloseArrow`	`color`	`clrYellow`	Arrow Color For Sell Close

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Galm007/MT4-Expert-Advisors 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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Galm MT4 Expert Advisors Collection

Overview

Details

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Type

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Strategy

Markets

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Risk profile

EA files

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