This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
Trading robot · MT4
HFT Illusion
HFT Illusion is a MetaTrader 4 expert advisor that employs a multi-factor trigger system based on market sentiment and volatility metrics.
GitHub stars1
Forks0
Last update3 years ago29 Jun 2023
LicenceNone stated
Overview
HFT Illusion evaluates data points including BidRatio, Buy/Sell Ratio, Relative Strength, and Average Daily Range across various timeframes to identify trade entries. The robot supports automated multi-pair trading and focuses on symbols like gold. It utilizes threshold filters for each technical metric to qualify trade signals. The repository lacks documentation, but the code reveals complex logic for signal management. Stop loss and take profit parameters are not explicitly listed in the main inputs.
- Multi-factor trigger management system
- BidRatio and Buy/Sell Ratio filters
- Relative Strength analysis across timeframes
- Average Daily Range volatility filtering
- Customizable multi-pair execution
Details
Author
EspacoTrader on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping, Mean reversion
Markets
Forex, Gold
Timeframes
M1-M5, M15-H1, 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 HFT Illusion - V.Beta - 3.0 - ST - TEN -V3.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
period_STR | ENUM_TIMEFRAMES | 10080 | STR DASH |
periodBR1 | ENUM_TIMEFRAMES | 30 | TimeFrame BidRatio |
trigger_buy_bidratio1 | double | 10 | % Nivel para abrir compra |
trade_MIN_buy_bidratio1 | double | 10 | Ajuste minimo para abertura |
trade_MAX_buy_bidratio1 | double | 60 | Ajuste maximo para abertura |
trigger_sell_bidratio1 | double | -10 | % Nivel para abrir venda |
trade_MIN_sell_bidratio1 | double | -10 | Ajuste minimo para abertura |
trade_MAX_sell_bidratio1 | double | -60 | Ajuste maximo para abertura |
t_triggerADR | string | TRIGGER MANAGEMENT | ADR AJUSTE 2 |
periodADR | ENUM_TIMEFRAMES | 240 | ADR |
t_triggerPIP | string | TRIGGER MANAGEMENT | PIP 2 |
periodPIP | ENUM_TIMEFRAMES | 30 | TimeFrame Pips |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
trade_MIN_pips | double | 1 | Minimo de pips para abrir posição |
trade_MAX_pips | double | 30 | Maximo de pips para abrir posição |
t_triggerBD2 | string | TRIGGER MANAGEMENT | BID RATIO 2 |
periodBR0 | ENUM_TIMEFRAMES | 240 | TimeFrame BidRatio |
trigger_buy_bidratio | double | 60 | % Nivel de ratio para abrir compra |
trade_MIN_buy_bidratio | double | 60 | Ajuste minimo para abertura |
trade_MAX_buy_bidratio | double | 97 | Ajuste maximo para abertura |
trigger_sell_bidratio | double | 40 | % Nivel de ratio para abrir venda |
trade_MIN_sell_bidratio | double | 40 | Ajuste minimo para abertura |
trade_MAX_sell_bidratio | double | 3 | Ajuste maximo para abertura |
t_triggerBSR2 | string | TRIGGER MANAGEMENT | BUY SELL RATIO 2 |
trigger_buy_buysellratio | double | 1.5 | Nivel para abrir compra BSR |
trade_MIN_buy_buysellratio | double | 1.5 | Ajuste minimo para abertura |
trade_MAX_buy_buysellratio | double | 2.5 | Ajuste maximo para abertura |
trigger_sell_buysellratio | double | -1.5 | Nivel para abrir venda BSR |
trade_MIN_sell_buysellratio | double | -1.5 | Ajuste minimo para abertura |
trade_MAX_sell_buysellratio | double | -2.5 | Ajuste maximo para abertura |
t_triggerSTR2 | string | TRIGGER MANAGEMENT | STR 2 |
trigger_buy_relstrength | double | 5.0 | Strength para abrir compra |
trade_MIN_buy_relstrength | double | 5.0 | Ajuste minimo para abertura |
trade_MAX_buy_relstrength | double | 7.0 | Ajuste maximo para abertura |
trigger_sell_relstrength | double | -5.0 | Strength para abrir venda |
trade_MIN_sell_relstrength | double | -5.0 | Ajuste minimo para abertura |
trade_MAX_sell_relstrength | double | -7.0 | Ajuste maximo para abertura |
t_triggerGAP2 | string | TRIGGER MANAGEMENT | GAP 2 |
trigger_gap_buy | double | 4.0 | Nivel de Gap level para abrir compra |
trade_MIN_gap_buy | double | 4.0 | Ajuste minimo para abertura |
trade_MAX_gap_buy | double | 6.0 | Ajuste maximo para abertura |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone EspacoTrader/HFT-ILLUSION 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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