Heiken Ashi Naive is a trading robot for MetaTrader 4 and 5 that executes trades based on Heiken Ashi candle characteristics, including body length and wick presence. It evaluates candle sequences to enter positions and can be configured to either follow the trend or operate in an inverted mode for mean-reversion. Risk
Trading robot · MT4
MACD ZigZag Trader
This MetaTrader 4 expert advisor utilizes the MACD and ZigZag indicators to identify potential market entries based on price action swings.
GitHub stars2
Forks0
Last update8 years ago9 Mar 2018
LicenceNone stated
Overview
MACD ZigZag Trader tracks historical highs and lows using standard ZigZag parameters like depth, deviation, and backstep to detect trend reversals. A unique aspect of this EA is the integration of an external Speech DLL, which enables audible text-to-speech notifications for system events. The provided README is minimal, and the repository includes several variations of the strategy. Risk management controls like stop loss and lot sizing are not detailed in the snippet.
- ZigZag-based swing high and low detection
- MACD momentum and trend filtering
- External DLL integration for speech notifications
- Configurable ZigZag depth and deviation parameters
Details
Author
xxwei on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Mean reversion
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 MACD20ZIGZAGMACD.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
ExtDepth | int | 12 | |
ExtDeviation | int | 5 | |
ExtBackstep | int | 3 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone xxwei/TraderCode 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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