AutoTrade EA is a scalping robot for MetaTrader 4 and 5 that utilizes a multi-indicator signal scoring system based on Exponential Moving Average crossovers and RSI levels. It employs an aggressive trade management strategy featuring a dynamic grid and a stepped martingale lot scaling system where position sizes increa
Trading robot · MT4
Jack EA4
This MetaTrader 4 expert advisor automates trading using a Moving Average crossover strategy, specifically configured for the GBPUSD pair on fifteen-minute charts.
High risk
GitHub stars2
Forks0
Last update7 years ago22 Nov 2018
LicenceCustom licence
Overview
Jack EA4 enters positions based on dual indicator signals and manages them through a combination of money-based take profit targets and lot size scaling. The system includes risk controls such as a daily profit target and a Friday trading filter to avoid weekend volatility. Users can enable a stealth mode to hide execution levels from brokers, though the default settings disable hard stop losses.
- Moving Average crossover entry logic
- Money-based take profit targets
- Lot size multiplier scaling
- Daily profit target protection
- Stealth mode execution
Details
Author
jack139 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Martingale, Grid
Markets
Forex
Timeframes
M15-H1
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
Source
Input Parameters
Read from expert1.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Pair | string | GBP-USD-TimeFrame_M15 | |
magic | int | 7749 | |
start_lot | double | 0.1 | |
tp_in_money | double | 8.0 | 5.0; |
range | double | 20.0 | 25.0; |
level | int | 10 | |
lot_multiplier | bool | TRUE | |
multiplier | double | 0.0 | online data |
increament | double | 0.0 | online data |
use_sl_and_tp | bool | FALSE | |
sl | double | 60.0 | |
tp | double | 30.0 |
Show all 25 inputs
| Name | Type | Default | Description |
|---|---|---|---|
stealth_mode | bool | TRUE | |
use_daily_target | bool | FALSE | |
daily_target | double | 100.0 | |
trade_in_fri | bool | TRUE | |
UseMA | bool | TRUE | |
MA_Period1 | double | 0.0 | online data |
MA_Shift1 | double | 0.0 | |
MA_Method1 | double | 1.0 | |
Applied_Price1 | double | 0.0 | |
MA_Period2 | double | 0.0 | online data |
MA_Shift2 | double | 0.0 | |
MA_Method2 | double | 2.0 | |
Applied_Price2 | double | 0.0 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone jack139/ea4 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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