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
Invea Stoch
Invea Stoch is an automated trading robot for MetaTrader 4 that utilizes the Stochastic oscillator to identify entries based on overbought and oversold levels.
High risk
GitHub stars1
Forks0
Last update8 years ago10 Jun 2018
LicenceNone stated
Overview
The EA initiates trades when the indicator exceeds 85 or falls below 15, applying price action filters based on the highs of recent candles. It manages risk with a fixed point stop loss, a trailing stop, and a net monetary take profit target. The system includes a distance parameter to layer additional positions at fixed intervals. Early exit logic is triggered by specific indicator crossovers to minimize potential losses.
- Stochastic oscillator overbought and oversold entry logic
- Monetary take profit and trailing stop management
- Fixed point stop loss for risk control
- Position layering based on a distance parameter
- Indicator-based early exit conditions
Details
Author
sljxiaoxin on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Grid
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
- Opens a grid of orders: exposure builds up in a trend
EA files
Input parameters
Read from invea-stoch-v1.1.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 20180602 | |
Lots | double | 0.3 | |
TPinMoney | double | 30 | Net TP (money) |
intSL | int | 6 | 止损点数，不用加0 |
distance | double | 5 | 加仓间隔点数 |
levelHigh | double | 85 | |
levelLow | double | 15 | |
isTrailStop | bool | true |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone sljxiaoxin/invea-stoch 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.
Similar expert advisors
Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
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. It is primarily configured for EURUSD on the five-minute timeframe. The robot enters trades at indicator extremes an
This MetaTrader 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive
This expert advisor facilitates arbitrage trading between futures and spot instruments, primarily targeting gold and stock indices. Available for MetaTrader 4 and 5, it monitors the price difference between two related symbols against a moving average to identify trade opportunities. The logic includes a noise-filterin
Angry Bird is a MetaTrader 4 expert advisor based on the Ilan 1.6 architecture, utilizing a mean-reversion strategy combined with aggressive risk management. The EA enters trades based on Relative Strength Index (RSI) levels to identify overextended price movements. It employs an exponential martingale lot scaling syst
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers