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 ยท MT4
iCustom Signal Trader
This MetaTrader 4 expert advisor functions as a generic execution wrapper for external indicators.
GitHub stars3
Forks1
Last update7 years ago25 Apr 2019
LicenceNone stated
Overview
By utilizing the iCustom function, it monitors specific indicator buffers and triggers trades when the defined buy or sell modes are detected. It features adjustable parameters for lot sizing, stop loss, and take profit to manage trade risk. The tool is primarily intended for testing the viability of various custom indicators by mapping their signals to automated order execution. The README notes potential errors in signal mapping for certain indicators and highlights the experimental nature of the code.
- External indicator mapping via iCustom
- Configurable buffer modes for buy and sell signals
- Automated trade execution with OrderSend
- Fixed risk controls for stop loss and take profit
Details
Author
inceabdullah on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
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
Input parameters
Read from Signal-COunt-with-ordersend.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
IndName1 | string | Tipu CCI | Indicator Name |
trade_test | bool | false | Trade Test |
num_mode_sell | int | 6 | Sell Mode |
num_mode_buy | int | 7 | Buy Mode |
num_shift | int | 0 | Shift |
method_num | int | 6 | Method Number |
Lots | double | .1 | |
SL | int | 2000 | |
TP | int | 500 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone inceabdullah/MQL4-iCustom-Mode-Shift-Numbers-Detector-ith-ordersend 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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