by 
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 · MT4
Kohamama
Kohamama is an automated trading robot for MetaTrader 4 that executes trades based on signals from a custom external indicator.
High risk
GitHub stars1
Forks0
Last update9 years ago27 Apr 2017
LicenceNone stated
Overview
The system enters positions with fixed stop loss and take profit targets defined in pips. It includes a basic martingale-style lot scaling or repetition feature, controlled by a specific multiplier parameter. The robot monitors existing orders by magic number and symbol to manage trade frequency. Note that the repository lacks a README, and the EA depends on a specific external indicator file to function.
- Custom indicator signal integration
- Fixed take profit and stop loss
- Configurable martingale multiplier
- Magic number trade tracking
Details
Author
KotaroHashimoto on GitHub
Type
Trading robot
Platform
Strategy
Markets
Any symbol
Timeframes
Any timeframe
Risk Profile
- Uses martingale lot scaling: losses can grow fast
EA Files
Input Parameters
Read from Kohamama.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TP_pips | int | 20 | |
SL_pips | int | 20 | |
Entry_Lot | double | 0.1 | |
Martin_Times | int | 1 | |
Magic_Number | int | 1 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone KotaroHashimoto/Kohamama 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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