Awesome EA is an automated multi-pair trading robot for MetaTrader 4 built on the Steve Hopwood Forex framework. It implements a trend-following strategy that filters entries using daily Peaky and SuperSlope indicators, executing trades when signals align on shorter timeframes. The system manages risk through equity-ba
Trading robot · MT4
Momentum Trade With Trailing TP
This MetaTrader 4 expert advisor executes trades based on candle momentum and specific trigger factors.
GitHub stars1
Forks0
Last update1 year ago10 Feb 2025
LicenceGPL-3.0
Overview
Momentum Trade With Trailing TP manages positions using virtual trailing stop-loss and take-profit levels, alongside a global profit target that halts trading once a predefined financial goal is met. The system includes logic for multi-symbol trading and incorporates a maximum trade limit to control exposure. It features a recovery-style mechanism that opens counter-trades when primary positions are active. Trading activity can be restricted to specific hours.
- Virtual trailing stop-loss and take-profit
- Global profit target logic
- Multi-symbol momentum trading
- Time-restricted trading sessions
- Automated counter-trade execution
Details
Author
luckysujit16 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Hedging, Multi-strategy
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Holds opposite positions at once
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone luckysujit16/FxAutoTradingScripts 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.
Similar expert advisors
This MetaTrader 5 expert advisor serves as an educational repository for various automated trading strategies and capital management techniques. It features a modular architecture allowing users to toggle between multiple entry algorithms, including EMA crossovers, MACD zero-crossings, and a combination of ADX and Boll
AlgoMaster NNFX is an algorithm development and testing system for MetaTrader 4 and 5, built specifically to implement the No Nonsense Forex (NNFX) trading methodology. It enables users to test trading logic across 28 major forex pairs while managing complex factors like currency exposure, news events, and market volat
This MetaTrader 4 expert advisor implements a flexible strategy based on the directional consensus of multiple technical indicators. It allows users to combine Moving Averages, Stochastic Oscillators, THV3 T3, Babon Slope, and AMA Optimized modules. A trade is initiated only when all selected indicators align in the sa
Profit Hunter is an expert advisor for MetaTrader 4 designed for forex and cryptocurrency trading. It utilizes a composite signal strategy combining Triple Moving Average, Adaptive RSI, CCI, iTrend, and Fisher indicators. The robot executes trades using a grid system where distances between orders are set manually or c
Oanda TDesk Drone is a MetaTrader 4 expert advisor designed to execute trades based on signals from the TDesk dashboard via the Oanda FXtrade platform. It functions as a bridge, using an external Python script and file-based data exchange to facilitate order placement. The EA is specifically designed to support fractio
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers