MQ4 Expert Advisor Framework features a linear trailing stop that triggers at a predefined profit level and a pyramiding system to add positions to winning trades using a lot multiplier. The code is structured as a library-driven system, allowing for the integration of technical indicators like Moving Average crossovers and Parabolic SAR. It includes multiple risk management options, such as fixed lot sizing, equity percentage risk, and ATR-based stops. The architecture supports grid trading, though the primary example focuses on trailing stops.
Read from TrailingStop.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InitialTriggerPips
float
15.0f
InitialPips
float
5.0f
TrailingPips
float
10.0f
PyramidPips
float
20.0f
PyramidLotFactor
float
1.0f
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone Hawkynt/MQ4ExpertAdvisors 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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