This MetaTrader 4 expert advisor is designed for gold scalping using a combination of Relative Strength Index and Exponential Moving Average indicators. It identifies entry points when momentum reaches specific overbought or oversold thresholds while considering moving average trends. The system manages risk through fi
Trading robot · MT4
Krisha Scalper
Krisha Scalper is an automated trading robot for the MetaTrader 4 platform that identifies potential entry points using ATR and EMA indicators.
GitHub stars1
Forks0
Last update9 years ago3 Sep 2017
LicenceNone stated
Overview
The expert advisor implements several risk management layers, including percentage-based lot sizing, a maximum loss limit in points, and a trailing step feature. It supports partial profit closing to secure gains during a trade and includes a maximum spread filter to avoid high-cost execution. Users can define specific trading windows using the time-restriction settings. As the repository lacks a README, the strategy is primarily configured through its indicator and management parameters.
- ATR and EMA indicator based trade signals
- Percentage-based position sizing and risk management
- Partial close functionality for profit taking
- Time-restricted trading windows
- Maximum spread filter for trade execution
Details
Author
Daiwv on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping, Mean reversion, Indicator crossover
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from ReversalEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TradeManagement | string | — | |
RiskPercent | double | 3.0 | |
PartialClosePercent | double | 60.0 | |
MaxTradeSpreadPts | int | 10 | |
MaxLossPts | int | 100 | |
TrailStep | int | 10 | |
TradingHour | string | — | |
AllowTradeFrom | tradeHour | HOUR_0 | |
AllowTradeUntil | tradeHour | HOUR_0 | |
BrokerInformation | string | — | |
IsECNBroker | bool | true | |
IndicatorSettings | string | — |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
ATRPeriod | int | 14 | |
EMAPeriod | int | 20 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Daiwv/MQLExpert 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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