Krikor: Free MT4 Expert Advisor

Overview

Krikor determines entries using a Relative Strength Index (RSI), Moving Averages, Average Directional Index (ADX), and a custom ZigZag indicator. The strategy employs martingale lot scaling, increasing position sizes on losing trades via a negative multiplier. Risk controls include maximum trade limits, optional hedging, and drawdown protection based on fixed amounts or account percentage. A built-in news filter allows the user to pause trading or adjust behavior around high-impact economic events.

Martingale lot scaling with negative multipliers

Multi-indicator entry logic using ZigZag and RSI

Configurable news filter with event timers

Equity protection via fixed or percentage drawdown limits

Details

Author

Comp-AS on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Martingale, Grid, Trend following, Hedging

Markets

Forex

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once
Trades without a fixed stop loss

EA files

Source

github.com/Comp-AS/MQL4-4

Input parameters

Read from Krikor2.16.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Financieel`	`string`	`Financiële opties`
`MoneyManager`	`bool`	`true`	Use MoneyManager
`RiskPercent`	`double`	`0.5`	Risk percentage
`FixedLots`	`double`	`0.1`	Fixed Lotsize
`UseMaxDDPerc`	`bool`	`false`	Use MaxDD percentage
`MaxDrawDownPercent`	`double`	`20`	Max drawdown percentage
`UseMaxDDFixed`	`bool`	`true`	Use MaxDD fixed amount
`MaxDrawDownFixed`	`double`	`200`	Max drawdown fixed amount
`MaxTrades`	`int`	`6`	Max number of trades
`CashIn`	`int`	`3`	Cashen als trade goed gaat
`period`	`int`	`1`	Periode voor trade entry
`Grid_settings`	`string`	`Grid settings section`

Show all 40 inputs

Name	Type	Default	Description
`GridPosMultiplier`	`double`	`1`	Grid positive multiplier
`GridNegMultiplier`	`double`	`2`	Grid negative multiplier
`MinProfitValue`	`double`	`0.25`	Minimum profit value
`MaxProfitValue`	`double`	`0.60`	Max profit value
`GridDivider`	`double`	`19`	Bij Grid optellen om te delen
`GridMultiplier`	`double`	`1`	Vermenigvuldigingsfactor
`UseHedge`	`bool`	`false`	Use hedge function?
`MA`	`string`	`Moving Average`
`MAPeriod`	`int`	`1440`	MA Periode
`RSI`	`string`	`Relative Strength Index`
`RSIperiod`	`int`	`7`	Periode van de RSI
`ADX`	`string`	`Average Directional Movement Index`
`ADXperiod`	`int`	`14`	ADX period
`Nieuws`	`string`	`Nieuws filter`
`NieuwsFilter`	`bool`	`true`
`MinsBeforeNews`	`int`	`60`	Minutes before news
`MinsAfterNews`	`int`	`60`	Minutes after news
`Menu_settings`	`string`	`Settings voor het menu`
`Font`	`int`	`8`	Tekstgrootte
`MenuColor`	`color`	`clrMagenta`	Kleur van het menu
`ZigZagLars`	`string`	`ZigZag Larsen variabelen`
`ZigZagLarsenPeriode`	`int`	`15`
`NoiseLevel`	`int`	`30`
`SwitchPercent`	`int`	`30`
`Mode`	`int`	`0`
`OncePerCandle`	`int`	`1`
`ArrowOffset`	`int`	`15`
`ZigAndZagVariables`	`string`	`ZigandZag variabelen`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Comp-AS/MQL4-4 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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