This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
HLHB Trend Catcher
This MetaTrader 4 expert advisor is designed to capture price trends by combining moving average crossovers with momentum oscillators.
GitHub stars1
Forks1
Last update5 years ago31 May 2021
LicenceNone stated
Overview
HLHB Trend Catcher monitors fast and slow moving averages for entry signals while utilizing a long-term trend moving average as a directional filter. The Relative Strength Index is incorporated to validate trade setups. Risk controls include mandatory stop loss and take profit levels, plus an optional trailing stop with a minimum profit threshold. Users can toggle between fixed lot sizes or dynamic sizing based on a percentage of account equity.
- Moving average crossover entry logic
- Relative Strength Index momentum filter
- Long-term trend moving average filter
- Dynamic equity-based position sizing
- Trailing stop with minimum profit threshold
Details
Author
Martian4x on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover
Markets
Forex
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 HLHB Trend-Catcher.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 11121 | |
DynamicLotSize | bool | true | |
AllowTrailingStop | bool | true | |
UseTrendMA | bool | true | |
EquityPercent | double | 5 | |
FixedLotSize | double | 0.01 | |
StopLoss | double | 100 | |
TakeProfit | double | 300 | |
TrailingStop | int | 100 | |
MinimumProfit | int | 30 | |
Slippage | int | 5 | |
AdjustPips | int | 3 |
Show all 16 inputs
| Name | Type | Default | Description |
|---|---|---|---|
FastMAPeriod | int | 5 | |
SlowMAPeriod | int | 10 | |
TrendMAPeriod | int | 60 | |
RSIPeriod | int | 10 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Martian4x/trend-catcher4x 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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