This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT4 · MT5
Hohla Trader Assistant
Hohla Trader Assistant is a utility for MetaTrader 4 and 5 designed to streamline trade management and risk control.
GitHub stars4
Forks0
Last update2 years ago8 Sep 2024
LicenceNone stated
Overview
Hohla Trader Assistant automatically applies stop loss and take profit levels to manual trades using multiples of the Average True Range. The tool calculates lot sizes dynamically based on a percentage of account equity. A unique feature allows users to set price alerts from mobile devices by placing and quickly deleting pending orders. It includes risk management filters to limit daily drawdowns and trade frequency after losses.
- Automatic ATR-based stop loss and take profit
- Dynamic lot sizing based on account risk percentage
- Mobile price alert creation via pending order deletion
- Daily drawdown and trade frequency limits
- Push and email notification support
Details
Author
Hohlas on GitHub
Type
Trade manager
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
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
- Market/MobileTrader_5/0320/Experts/TraderAssistant.mq5
- Market/MobileTrader_4/0318/Experts/TraderAssistant.mq4
- Market/MobileTrader_4/0319/Experts/TraderAssistant.mq4
- Market/MobileTrader_4/0330/Experts/TraderAssistant.mq4
- Market/MobileTrader_4/0317/Experts/TraderAssistant.mq4
- Market/TiltStop_4/0322/Experts/TiltStop.mq4
- Market/MobileTrader_4/0314/Experts/TraderAssistant.mq4
- Market/TiltStop_4/0323/Experts/TiltStop.mq4
- Market/MobileTrader_5/0318/Experts/TraderAssistant.mq5
- Scripts/manual/Experts/TraderAssistant.mq4
Source
Input parameters
Read from TraderAssistant.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RISK | int | 1 | RISK - deposit percent for order Lot calculation |
SL | int | 1 | SL - default StopLoss = SL x ATR(Average True Range) |
TP | int | 3 | TP - default TakeProfit = TP x ATR(Average True Range) |
AlertSeconds | int | 10 | Alert_Seconds - delete order during this time to place Alert |
Magic | int | 0 | Magic_Number for orders identification |
Mail | bool | true | send Mail notifications |
Push | bool | true | send Push notifications |
TerminalAlerts | bool | true | computer Alerts |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Hohlas/FX from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .mq5 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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