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
Kelas EA Template
This MetaTrader 4 expert advisor uses Relative Strength Index (RSI) levels to identify overbought and oversold conditions for trade entries.
High risk
GitHub stars1
Forks0
Last update2 years ago17 Nov 2023
LicenceNone stated
Overview
Kelas EA Template features a layering mechanism that opens additional positions at fixed intervals defined by a pip-step parameter. The robot manages risk with hard stop loss and take profit levels for each order, along with a trailing stop function. The repository contains template-based code with a minimal README, suggesting it serves as a foundation for further development or educational practice.
- RSI-based mean reversion entry logic
- Layered positioning via pip-step distance
- Configurable stop loss and take profit
- Integrated trailing stop functionality
Details
Author
syarief02 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Grid
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Opens a grid of orders: exposure builds up in a trend
EA files
Input parameters
Read from template3.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
eaName | string | MyEA | Set your desired EA name here |
lotSize | double | 0.01 | Set your desired lot size here |
takeProfit | double | 500.0 | Set your desired take profit level here |
stopLoss | double | 50.0 | Set your desired stop loss level here |
rsiOverbought | double | 80.0 | Set your desired RSI overbought level here |
rsiOversold | double | 30.0 | Set your desired RSI oversold level here |
pipstep | double | 10.0 | Set your desired pipstep distance here |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone syarief02/KelasEA13 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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