This MetaTrader 5 expert advisor implements a box breakout strategy designed for the foreign exchange market. The robot identifies price ranges during specific time windows and enters trades upon a breakout. It features a trend filter using fast and slow moving averages to align entries with broader market direction. R
Trading robot · MT4
Heiken Ashi Trading System
This MetaTrader 4 expert advisor implements a trend-following breakout strategy using Heiken Ashi candle sequences.
GitHub stars4
Forks3
Last update7 years ago3 Oct 2018
LicenceMIT
Overview
The system defines local highs and lows based on consecutive candle color changes and enters trades when these price levels are breached. It operates on a reversal basis, closing active trades and initiating opposite positions when the opposing trend boundary is hit. Risk controls include configurable take profit levels and dynamic lot sizing calculated from a user-defined account risk percentage relative to the stop loss distance.
- Heiken Ashi candle sequence detection
- Automated breakout entry and reversal
- Dynamic position sizing via account risk percentage
- Calculated stop loss based on recent highs and lows
Details
Author
Neyt on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Breakout
Markets
Any symbol
Timeframes
Any timeframe
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 HA-EA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EAComment | string | HA EA | EA Comment |
Lot | double | 0.01 | Fixed Lot Size |
RiskPercent | double | 0 | Risk % |
TakeProfit | double | 100 | Take Profit |
MN | int | 1 | Magic Number |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Neyt/MetaTrader4-heiken-Ashi-trading-system 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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