This MetaTrader 4 expert advisor executes trades based on momentum oscillators, trend filters, and price action patterns. It utilizes a Stochastic oscillator alongside multiple Exponential Moving Averages to identify entry points in alignment with the prevailing trend. The logic incorporates candlestick analysis, speci
Trading robot · MT4
H4 XAUUSD Candlestick EA
This MetaTrader 4 expert advisor is designed specifically for trading Gold (XAUUSD) on the H4 timeframe.
GitHub stars1
Forks0
Last update1 year ago12 Oct 2024
LicenceNone stated
Overview
H4 XAUUSD Candlestick EA employs a combination of technical indicators, including the Relative Strength Index (RSI), Stochastic Oscillator, and Ichimoku Kinko Hyo. The strategy monitors overbought and oversold levels while using the Ichimoku Chikou Span to confirm market trends. Additionally, the code refers to candlestick pattern detection for trade signals. Risk management is handled through user-defined stop loss, take profit, and trailing stop parameters. The repository lacks a README file, so documentation is limited.
- Multi-indicator strategy with RSI and Stochastics
- Ichimoku Kinko Hyo trend confirmation
- Integrated candlestick pattern detection
- Trailing stop and fixed risk parameters
Details
Author
SimonMonnier on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Mean reversion, Indicator crossover
Markets
Gold
Timeframes
H4 and above
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 100%_WIN_H4-XAUUSD.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Slippage | int | 3 | Glissement |
StopLoss | int | 3500 | Stop Loss en pips |
TakeProfit | int | 1500 | Take Profit en pips |
TrailingStop | int | 3000 | Trailing Stop en pips |
RSIPeriod | int | 14 | Période du RSI |
RSIOverbought | double | 70.0 | Niveau de surachat du RSI |
RSIOversold | double | 30.0 | Niveau de survente du RSI |
StochOverbought | double | 70.0 | Niveau de surachat du Stochastique |
StochOversold | double | 30.0 | Niveau de survente du Stochastique |
StochKPeriod | int | 14 | Période %K du Stochastique |
StochDPeriod | int | 3 | Période %D du Stochastique |
StochSlowing | int | 3 | Slowing du Stochastique |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone SimonMonnier/100-_win_H4_XAUUSD 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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