This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
Trading robot · MT4
Intrade Bar Bollinger Bot
This MetaTrader 4 expert advisor automates binary options trading for the Intrade.bar broker.
GitHub stars1
Forks2
Last update5 years ago7 Oct 2020
LicenceMIT
Overview
Intrade Bar Bollinger Bot functions as a signal generator and bridge, utilizing a dual Bollinger Band strategy to identify entry points. The EA communicates with an external C++ console application via a named pipe to execute trades through a REST API. Users can configure two separate Bollinger Band instances with distinct periods, deviations, and expiration times. It supports multi-symbol monitoring across various forex pairs and handles connection states between the terminal and the broker console.
- Named pipe bridge interface
- Dual Bollinger Band strategy
- Adjustable option expiration times
- Multi-currency symbol monitoring
- Broker connection status monitoring
Details
Author
LimiNode on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion
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.
Topics
intrade-barbinary-optionsbinary-optionbottrading-bottradingbroker-apibrokerforexrobot
Input parameters
Read from Intrade-Bar-Bollinger-Bot-2V3.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
pipe_name | string | intrade_bar_console_bot | Имя именнованного канала |
timer_period | int | 10 | Период таймера (мс) |
timeframe | ENUM_TIMEFRAMES | PERIOD_CURRENT | Таймфрейм |
expiration_bb_1 | int | 5 | Экспирация для первого Боллинджера |
expiration_bb_2 | int | 5 | Экспирация для второго Боллинджера |
amount_1 | double | 1 | Размер ставки для первого Боллинджера |
amount_2 | double | 1 | Размер ставки для второго Боллинджера |
bo_type | ENUM_BO_TYPE | CLASSICAL | Тип опциона |
period_bb_1 | int | 15 | Период первого Боллинджера |
period_bb_2 | int | 30 | Период второго Боллинджера |
deviation_bb_1 | double | 2.0 | Множитель стандартного отклонения первого Боллинджера |
deviation_bb_2 | double | 2.0 | Множитель стандартного отклонения второго Боллинджера |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone LimiNode/intrade-bar-console-bot 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, 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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