by 
This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Trading robot · MT4
HolyLamp
HolyLamp is a MetaTrader 4 automated trading system that utilizes mean-reversion signals across several technical indicators, including Bollinger Bands, RSI, Stochastics, and the Commodity Channel Index.
High risk
GitHub stars3
Forks0
Last update4 years ago16 Mar 2022
LicenceMIT
Overview
HolyLamp is primarily configured for EURUSD on the five-minute timeframe. The robot enters trades at indicator extremes and manages drawdowns through a martingale-style grid system with a 1.3 lot multiplier. Notable features include a virtual order execution system that hides early trade entries from brokers and a dynamic profit-taking mechanism that reduces targets as more positions are added to the basket.
- Multi-indicator mean-reversion entry logic
- Martingale lot scaling with 1.3 multiplier
- Virtual order masking system
- Counter-trend grid averaging
- Dynamic profit target reduction logic
Details
Author
dollarkillerx on GitHub
Type
Trading robot
Platform
Strategy
Markets
Forex
Timeframes
M1-M5
Risk Profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
EA Files
Input Parameters
Read from holy_lamp.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TimeC | string | ====电脑时间参数==== | |
temp1 | string | iBands参数,上轨做空,下轨做多 | |
temp3 | string | iRSI参数,上轨做空,下轨做多 | |
temp5 | string | iStochastic参数,上轨做空,下轨做多 | |
temp6 | string | iCCI参数,上轨做空,下轨做多 | |
Spread | int | 25 | 点差限制 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone dollarkillerx/HolyLamp 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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