HGSS Candle Bob: Free MT4 Expert Advisor

Overview

HGSS Candle Bob evaluates market conditions via the HGI library to detect trends and ranges, allowing for both trend-following and pullback strategies. Risk management includes fixed lot sizing, equity-based calculation, and a basket trading mode. The EA can manage multiple open positions simultaneously and includes filters for support and resistance zones. It supports custom stop loss and take profit configurations based on pip values or price action.

HGI library integration for trend and range detection

Support and resistance zone integration for exit points

Pullback trading module for counter-trend entries

Basket trading mode with collective profit targets

Multi-trade management with minimum distance filters

Details

Author

odrisb on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Mean reversion, Multi-strategy

Markets

Any symbol

Timeframes

M15-H1, H4 and above

Risk profile

Trades without a fixed stop loss

EA files

Experts/Holy_Graily_SS_Candle_Bob.mq4

Source

github.com/odrisb/HGSSCB

Input parameters

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

Name	Type	Default	Description
`gen`	`string`	`----General inputs----`
`TradingTimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_H1`
`LookForNewTradeCycle`	`ENUM_TIMEFRAMES`	`PERIOD_M15`
`Lot`	`double`	`0.01`
`RiskPercent`	`double`	`0`	Set to zero to disable and use Lot
`LotsPerDollopOfCash`	`double`	`0`	Over rides Lot. Zero input to cancel.
`SizeOfDollop`	`double`	`1000`
`UseBalance`	`bool`	`false`
`UseEquity`	`bool`	`true`
`StopTrading`	`bool`	`false`
`TradeLong`	`bool`	`true`
`TradeShort`	`bool`	`true`

Show all 40 inputs

Name	Type	Default	Description
`TakeProfitPips`	`int`	`0`
`StopLossPips`	`int`	`0`
`MagicNumber`	`int`	`54321`
`TradeComment`	`string`	`HGSSCB`
`IsGlobalPrimeOrECNCriminal`	`bool`	`true`
`MaxSlippagePips`	`double`	`5`
`PostTradeAttemptWaitSeconds`	`int`	`600`	Defaults to 10 minutes
`WriteFileForTestDatabase`	`bool`	`false`
`sep2`	`string`	`============================================================`
`spc`	`string`	`---- Candle inputs ----`
`NoOfCandles`	`int`	`2`
`UseCandleSequenceForSL`	`bool`	`false`
`RatioOfSlForTP`	`double`	`2`	Default ratio is double the SL. Zero value disables this.
`PercentageOfSlForTP`	`double`	`0`	A percentage of the SL for the TP. Zero value disables this.
`MaxTradesAllowed`	`int`	`3`	For multi-trade EA's
`CloseTradesOnOppositeSignal`	`bool`	`true`	Close buys on a sell signal and vice versa
`pbt`	`string`	`-- Pullback trading --`
`TradeThePullback`	`bool`	`true`	Allows trade in the opposite direction to the main trading direction
`OnlyTradeThePullback`	`bool`	`false`
`NoOfCandlesToMeasurePullback`	`int`	`2`
`PullbackTradeStopLossPips`	`int`	`0`
`PullbackTradeTakeProfitPips`	`int`	`0`
`mdt`	`string`	`-- Distance between trades --`
`MinDistanceBetweenTrades`	`double`	`10`
`sep2a`	`string`	`============================================================`
`bas`	`string`	`---- Basket trading ----`
`BasketTrading`	`bool`	`true`	This will send the trades without stop loss or take profit
`BasketTakeProfitPips`	`int`	`0`	Zero to disable

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone odrisb/HGSSCB 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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