LIVMOR Trading Collection: Free MT4 Expert Advisor

Overview

LIVMOR Trading Collection utilizes technical indicators such as MACD, Stochastic, and moving averages to identify entry points, while also offering manual price entry options. The EA manages risk through user-defined stop loss and take profit levels, complemented by a sophisticated trailing stop mechanism that tightens as profits increase. It features a recovery system that uses lot size multipliers and grid spacing to handle drawdowns. The repository includes various scripts and indicators, though the documentation is minimal.

MACD and Stochastic indicator entry filters

Multi-stage tightening trailing stop logic

Level-based recovery with lot scaling

Manual and exact price entry modes

Break-even and profit-based stop loss movement

Details

Author

davejlin on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Indicator crossover, Martingale, Grid, Multi-strategy

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

EA files

About 58 expert advisors in this repository. See them all on GitHub.

Source

github.com/davejlin/trading

Input parameters

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

Name	Type	Default	Description
`__________Close_All`	`string`	`* Close All Trades *`
`Close_All_Trades`	`bool`	`false`	true: close all open trades
`__________ID_Number`	`string`	`* Unique Trade Set ID Number *`
`Trade_Set_ID_Number`	`int`	`10`	choose unique magic number ID for EA's trade set
`__________Entry_Method`	`string`	`* Entry Method *`
`Use_Entry_Market_Order`	`bool`	`false`	true: use market order entry
`Use_Entry_Exact_Price`	`bool`	`false`	true: use exact price entry
`Use_Entry_1`	`bool`	`true`	true: use entry condition #1
`Use_Entry_2`	`bool`	`true`	true: use entry condition #2
`Use_Entry_3`	`bool`	`true`	true: use entry condition #3
`Use_MACDStoch`	`bool`	`true`	true: use MACD & Stoch conditions
`__________First_Direction`	`string`	`* First Direction for Exact Price Entries *`

Show all 40 inputs

Name	Type	Default	Description
`First_Long`	`bool`	`false`	true: BUY
`First_Short`	`bool`	`false`	true: SELL
`__________SL_TP`	`string`	`* SL TP Parameters *`
`Mode_Stop_Loss`	`int`	`1`	1 = use pips, 2 = use price
`Mode_Take_Profit`	`int`	`1`	1 = use pips, 2 = use price
`Stop_Loss`	`int`	`500`	pips stop loss
`Take_Profit`	`int`	`100`	pips take profit
`Stop_Loss_Price`	`double`	`1.00000`	exact Stop Loss price
`Take_Profit_Price`	`double`	`1.00000`	exact Take Profit price
`__________Trail`	`string`	`* Trail Parameters *`
`Use_Trail_Stop`	`bool`	`false`	true = use trailing stop, false = don't use trailing stop
`Use_Trail_After_Break_Even`	`bool`	`false`	true = start trailing stop only after SL moves to BE, false = start trailing stop immediately
`Use_Tightening_Trail`	`bool`	`false`	true = use tightening trail, false = don't use tightening trail
`Use_Move_SL_Profit`	`bool`	`false`	true = use move SL to BE after Move_Break_Even_Profit is reached, false = don't move SL to BE when Move_Break_Even_Profi
`Trail_Stop`	`int`	`30`	pips to trail
`Tightening_Trail_50`	`int`	`20`	pips to trail after 50% of profit reached, used when Use_Tightening_Stop=true;
`Tightening_Trail_80`	`int`	`10`	pips to trail after 80% of profit reached, used when Use_Tightening_Stop=true;
`Move_Stop_Loss_Profit`	`int`	`30`	pips profit after which to move stop loss to break even+Move_Stop_Loss_Amount
`Move_Stop_Loss_Amount`	`int`	`0`	pips to move SL past break even, use 0 for exactly break even
`__________Price_Entry`	`string`	`* Exact Price Entry Parameter *`
`Exact_Entry_Price`	`double`	`1.60000`	exact entry price
`__________Lots_Recovery`	`string`	`* Lots & Recovery Parameters *`
`Use_Level_Recovery`	`bool`	`false`	true = use level recovery, false = do not use level recovery
`Use_Timed_Recovery`	`bool`	`true`	true = use timed recovery, false = do not use timed recovery
`Use_Level_Round_Numbers`	`bool`	`false`	true = use round numbers at closest sweet spots for level recovery, false = use acutal entry prices for level recovery
`First_Lot_Size`	`double`	`0.10`	initial lot size
`Lot_Size_Multiplier`	`double`	`2.0`	multiplier for recovery progression
`Level_Spacing`	`int`	`10`	pips spacing between recovery levels

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone davejlin/trading 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, and any .mqh files into the Include folder the code expects.

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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