MetaTrader EA Collection: Free MT4/MT5 Expert Advisor

Overview

The featured expert advisor provides a versatile framework for trade management with options for trailing stops, break-even logic, and ECN broker compatibility. It includes configurable risk management such as fixed lot sizing or account percentage risk, along with optional martingale scaling. Users can manage exits through individual stop loss levels or basket-level profit and loss targets. The repository lacks a README and specific strategy documentation.

Basket profit and loss closing logic

Dynamic trailing stop and break-even functions

Percentage-based account risk management

Support for ECN broker environments

Optional martingale lot multiplication

Details

Input parameters

Read from super-signals-channel.EA.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`magic`	`int`	`1234`	magic number required if you use different settings on a same pair, same timeframe
`moneymanagement`	`string`	`Money Management`
`lots`	`double`	`0.1`	lots size
`mm`	`bool`	`false`	enable risk management
`risk`	`double`	`1`	risk in percentage of the account
`minlot`	`double`	`0.01`	minimum lots size
`maxlot`	`double`	`100`	maximum lots size
`lotdigits`	`int`	`2`	lot digits, 1=0.1, 2=0.01
`martingale`	`bool`	`false`	enable the martingale, set maxtrades to 1
`multiplier`	`double`	`2.0`	multiplier used for the martingale
`profitmanagement`	`string`	`Profit Management`
`basketpercent`	`bool`	`false`	enable the basket percent

Show all 40 inputs

Name	Type	Default	Description
`profit`	`double`	`0.1`	close all orders if a profit of 10 percents has been reached
`loss`	`double`	`100`	close all orders if a loss of 30 percents has been reached
`basketpips`	`bool`	`false`	enable the basket pips
`profitpips`	`double`	`10`	close all orders if a profit of 10 percents has been reached
`losspips`	`double`	`10000`	close all orders if a loss of 30 percents has been reached
`basketdollars`	`bool`	`false`	enable basket dollars
`dollars`	`double`	`5`	target in dollars
`ordersmanagement`	`string`	`Order Management`
`ecn`	`bool`	`false`	make the expert compatible with ecn brokers
`oppositeclose`	`bool`	`true`	close the orders on an opposite signal
`reversesignals`	`bool`	`false`	reverse the signals, long if short, short if long
`maxtrades`	`int`	`1`	maximum trades allowed by the traders
`tradesperbar`	`int`	`1`	maximum trades per bar allowed by the expert
`hidesl`	`bool`	`false`	hide stop loss
`hidetp`	`bool`	`false`	hide take profit
`stoploss`	`double`	`0`	stop loss
`takeprofit`	`double`	`0`	take profit
`trailingstart`	`double`	`0`	profit in pips required to enable the trailing stop
`trailingstop`	`double`	`0`	trailing stop
`trailingprofit`	`double`	`0`	trailing profit
`trailingstep`	`double`	`1`	margin allowed to the market to enable the trailing stop
`breakevengain`	`double`	`0`	gain in pips required to enable the break even
`breakeven`	`double`	`0`	break even
`expiration`	`int`	`1440`	expiration in minutes for pending orders
`slippage`	`double`	`0`	maximum difference in pips between signal and order
`maxspread`	`double`	`0`	maximum spread allowed by the expert, 0=disabled
`adstopsmanagement`	`string`	`Advanced Stops Management`
`slfactor`	`double`	`0`	enable dynamic stoploss if different of 0

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone soloman-sv/MetaTrader from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.

3Copy the filesCopy the .mq4 / .mq5 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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MetaTrader EA Collection

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