This MetaTrader 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive
Trading robot · MT4
Mix
This MetaTrader 4 expert advisor executes two distinct intraday strategies focused on the GBPUSD pair.
GitHub stars1
Forks0
Last update3 years ago13 May 2023
LicenceNone stated
Overview
The first approach identifies price deviations from the daily open, while the second targets retracements from specific daily range extensions. The robot manages multiple position types, including primary and extra orders, using an internal iteration label for identification. Risk control is implemented via percentage-based maximum loss settings for both buy-sell and reversal trade sets. The system operates as a day trading algorithm with automated entry and exit logic.
- Daily open price deviation strategy
- Retracement entries from range levels
- Configurable maximum loss percentage
- Automated GBPUSD day trading logic
Details
Author
Peter-Novak on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Multi-strategy, Hedging
Markets
Forex
Timeframes
M15-H1
Risk Profile
- Holds opposite positions at once
EA Files
Input Parameters
Read from Mix.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
iterationNumber | int | — | |
buySellMaxLossInPercent | double | — | |
reverseMaxLossInPercent | double | — |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone Peter-Novak/Mix 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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