This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Trading robot ยท MT4
Mansa Mussa
This MetaTrader 4 expert advisor is an automated trading robot developed using the fxDreema visual building framework.
High risk
GitHub stars2
Forks0
Last update1 year ago19 Jan 2025
LicenceNone stated
Overview
Mansa Mussa utilizes an adaptive Relative Strength Index for market analysis and trade execution. The system features risk management controls based on account percentages, including inputs for balance-based sizing, target profit percentages, and maximum loss limits. It includes technical utilities such as a spread meter and support for virtual stop-loss management. Documentation is missing, but the code suggests a strategy centered on RSI momentum or mean reversion.
- Adaptive RSI indicator integration
- Percentage-based balance risk scaling
- Virtual stop loss and take profit management
- Integrated spread meter functionality
Details
Author
JohnBrandews on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
Input parameters
Read from main.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MANSAMUSSA_2_0 | string | Champion Trader | |
Percent_Balance | int | 1850 | |
RSI_period | int | 14 | |
Percent_Profit | int | 1000 | Percent_Profit (%) |
Percent_loss | int | 50 | Percent_loss (%0 |
MagicStart | int | 3328 | Magic Number, kind of... |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone JohnBrandews/fxbot 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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