Icus2 MT4 EA Collection: Free MT4 Expert Advisor

Overview

The primary EA utilizes dual moving averages alongside fractal detection to identify entry points based on price momentum. It incorporates risk management tools including hard stop losses, take profit levels, and an equity-based account protector. Additional management features include trailing stops and break-even logic to secure positions. Despite the repository description claiming artificial intelligence components, the provided source code reveals standard indicator-based logic. The repository lacks a README.

Dual moving average crossover logic

Fractal-based high and low detection

Equity-based risk management

Integrated trailing stop and break-even functions

Details

Author

Icus2 on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Indicator crossover, Scalping, Trend following

Markets

Any symbol

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

Source

github.com/Icus2/MT4-Expert-Advisors-and-Indie

Input parameters

Read from Triple Top and Triple Bottom.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Exit`	`bool`	`false`	Enable Exit strategy
`IncreaseFactor`	`double`	`0.001`	IncreaseFactor
`Lots`	`double`	`0.01`	Lots size
`TrailingStop`	`double`	`40`	TrailingStop
`Stop_Loss`	`double`	`20`	Stop Loss
`MagicNumber`	`int`	`1234`	MagicNumber
`Take_Profit`	`double`	`50`	TakeProfit
`FastMA`	`int`	`6`	FastMA
`SlowMA`	`int`	`85`	SlowMA
`Mom_Sell`	`double`	`0.3`	Momentum_Sell
`Mom_Buy`	`double`	`0.3`	Momentum_Buy
`UseEquityStop`	`bool`	`true`	Use Equity Stop

Show all 15 inputs

Name	Type	Default	Description
`TotalEquityRisk`	`double`	`1.0`	Total Equity Risk
`Max_Trades`	`int`	`10`
`FractalNum`	`int`	`10`	Number Of High And Low

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Icus2/MT4-Expert-Advisors-and-Indie 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.

Similar expert advisors

Learning MQL4 EA Collection

by carlobisda

This repository contains a collection of MetaTrader 4 expert advisors designed for educational purposes. The primary strategy, named Belinda, executes trades based on moving average crossovers using a 10-period and 40-period SMA, filtered by volatility via the Average True Range indicator. The collection features sever

MT4 Collection Indicator crossoverScalpingTrend following

Updated 3 years ago None stated GitHub

MQ4 Master Collection

by hairibaba

This repository provides a collection of MetaTrader 4 expert advisors and utility tools. It includes diverse trading strategies ranging from M1 scalping and Heiken Ashi trend following to swing-based approaches. The codebase features a robust trade management framework with classes for order execution, error handling,

MT4 Collection Trend followingScalpingIndicator crossover High risk Archived

Updated 7 years ago None stated GitHub

Ichimoku Scalper

by AbirAbbas

This MetaTrader 4 collection features automated trading scripts primarily based on the Ichimoku Kinko Hyo indicator. The expert advisors execute trades by analyzing the relationship between Tenkan-sen and Kijun-sen lines relative to the Senkou Span cloud. Risk is managed via fixed lot sizing and a maximum concurrent tr

MT4 Collection ScalpingIndicator crossoverTrend following

Updated 7 years ago None stated GitHub

FX Trading EA Collection

by tambillbka

This repository provides a collection of automated trading systems for MetaTrader 4 and 5. The expert advisors utilize various technical indicators, including ADX, DMI, RSI, and Heiken Ashi, to determine market entry points. Some strategies are based on price action from previous candle directions. Trade management fea

MT4MT5 Collection Trend followingScalpingMartingale High risk

Updated 1 year ago None stated GitHub

MQL5 Expert Advisor Collection

by gunatheeban

This repository provides a collection of MetaTrader 5 expert advisors centered on indicator-based trend following and scalping strategies. The primary system employs a triple exponential moving average crossover on the M5 timeframe, filtered by higher-timeframe trend direction from the H1 chart. The collection also inc

MT5 Collection Indicator crossoverScalpingTrend following

Updated 4 years ago None stated GitHub

Agentic Scalping and Trend Follower

by Design-Arena-Gens

This MetaTrader 5 expert advisor collection provides two distinct trading strategies: a fast scalper and a trend follower. The scalping component utilizes a combination of exponential moving average crossovers and Bollinger Bands to identify entry points. It features automated trade management including fixed stop loss

MT5 Collection ScalpingTrend followingIndicator crossover

Updated 10 months ago None stated GitHub