Mad Pound Profits: Free MT4 Expert Advisor

Overview

The system utilizes time-specific analysis windows throughout the day to identify entry opportunities. It incorporates technical elements such as Fibonacci levels, momentum indicators, and mean reversion techniques. Risk management is handled through a configurable lot sizing module that includes a capital protection switch. Notable features include a revenge factor for trade recovery and analysis duration settings. The EA includes martingale lot scaling as part of its recovery strategy.

Time-specific analysis sessions

Configurable structural breakout settings

Integrated capital protection switch

Adjustable revenge factor and recovery pips

Spread threshold filter

Details

Author

Syakyr on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout, SMC / ICT / price action, Martingale, Mean reversion

Markets

Forex

Timeframes

M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

Mad Pounding Profits/MadPoundProfitsV1.5.mq4

Source

github.com/Syakyr/My-Trading-Project

Input parameters

Read from MadPoundProfitsV1.5.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`MoneyManagement`	`string`	`Money and Risk Management Settings`
`MM`	`ENUM_MM`	`MM_PS`	MM
`Risk`	`double`	`2`	Risk Level
`Commission`	`int`	`10`	Commission (in points)
`CaplProt`	`bool`	`true`	Capital Protection Switch
`Rfact`	`double`	`100`	Revenge Factor
`SpreadThreshold`	`int`	`300`	Spread Threshold
`GetMail`	`bool`	`true`	Get Mail Alert
`MainHeader`	`string`	`General Price and Time Settings`
`TPPip`	`int`	`50`	TP points
`RPip`	`int`	`50`	Revenge Pips
`Header0100`	`string`	`0100 Price and Time Settings`

Show all 40 inputs

Name	Type	Default	Description
`LAP0100`	`int`	`12000`	Break Structure %
`BrkOutPip0100`	`int`	`50`	Break Out Pip
`BrkOutPipR0100`	`int`	`50`	Break Out Revenge Pip
`ChanFactor0100`	`double`	`61.8`	SL Channel Factor
`AnalysisMin0100`	`int`	`480`	Analysis Duration (Minutes)
`HourEnd0100`	`int`	`23`	End of Open Trades
`Header0200`	`string`	`0200 Price and Time Settings`
`LAP0200`	`int`	`12000`	Break Structure %
`BrkOutPip0200`	`int`	`50`	Break Out Pip
`BrkOutPipR0200`	`int`	`50`	Break Out Revenge Pip
`ChanFactor0200`	`double`	`61.8`	SL Channel Factor
`AnalysisMin0200`	`int`	`480`	Analysis Duration (Minutes)
`HourEnd0200`	`int`	`23`	End of Open Trades
`Header0300`	`string`	`0300 Price and Time Settings`
`LAP0300`	`int`	`12000`	Break Structure %
`BrkOutPip0300`	`int`	`50`	Break Out Pip
`BrkOutPipR0300`	`int`	`50`	Break Out Revenge Pip
`ChanFactor0300`	`double`	`61.8`	SL Channel Factor
`AnalysisMin0300`	`int`	`480`	Analysis Duration (Minutes)
`HourEnd0300`	`int`	`23`	End of Open Trades
`Header0400`	`string`	`0400 Price and Time Settings`
`LAP0400`	`int`	`12000`	Break Structure %
`BrkOutPip0400`	`int`	`50`	Break Out Pip
`BrkOutPipR0400`	`int`	`50`	Break Out Revenge Pip
`ChanFactor0400`	`double`	`61.8`	SL Channel Factor
`AnalysisMin0400`	`int`	`480`	Analysis Duration (Minutes)
`HourEnd0400`	`int`	`23`	End of Open Trades
`Header0500`	`string`	`0500 Price and Time Settings`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Syakyr/My-Trading-Project 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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