LIVMOR is a MetaTrader 4 expert advisor found within this repository of over fifty automated trading tools. It utilizes technical indicators such as MACD, Stochastic, and moving averages to identify entry points, while also offering manual price entry options. The EA manages risk through user-defined stop loss and take
Collection · MT4
Mql Open Trade
This MetaTrader 4 collection provides several expert advisors designed to automate trade entry with integrated risk controls.
GitHub stars2
Forks1
Last update5 years ago14 Apr 2021
LicenceNone stated
Overview
The tools calculate lot sizes based on a user-defined percentage of account capital, ensuring consistent exposure. Users can configure the trade direction, expected duration, and risk-to-reward ratios. The suite includes specific files for immediate execution, delayed price entries, and basic indicator-based triggers like moving averages. Each advisor enforces a limit of one open trade at a time. While functional, the README is minimal regarding the specific logic for each strategy variant.
- Capital percentage risk scaling
- Automated lot size calculation
- Fixed stop loss and take profit management
- Single active trade restriction
Details
Author
shohdi on GitHub
Type
Collection
Platform
Strategy
Indicator crossover, Multi-strategy
Markets
Any symbol
Timeframes
Any timeframe
Risk Profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
Input Parameters
Read from open_moving_wait_one.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
percentageMoney | float | 0.01 | |
timeToTrade | double | 48.0 | |
lossTimesWin | double | 1.0 | |
tradeDirection | TRADE_TYPE | TRADE_TYPE::BUY | |
EXPERT_MAGIC | int | 188888 | MagicNumber of the expert |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone shohdi/mql-open-trade 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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