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
Large Difference Momentum EA
This MetaTrader 4 expert advisor executes trades based on short-term price momentum across three consecutive candles.
GitHub stars1
Forks2
Last update8 years ago9 Jul 2018
LicenceNone stated
Overview
Large Difference Momentum EA monitors closing prices to identify price direction, initiating a buy order when prices are rising or a sell order when prices are falling. The system includes configurable fixed stop loss and take profit levels for initial risk control. It also features a basic profit-triggered stop loss modification that adjusts the exit level as the trade moves in favor of the position. The repository contains no documentation and consists primarily of experimental scripts.
- Consecutive bar momentum detection
- Fixed stop loss and take profit
- Stepped stop loss modification
- Automated trade execution logic
Details
Author
bartoszj01 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following
Markets
Any symbol
Timeframes
Any timeframe
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.
Input parameters
Read from testModel2.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
stoploss | int | 1000 | |
takeprofit | int | 1000 | |
lotsize | double | 0.1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone bartoszj01/MQL4 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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