The scripts include various entry methods such as Relative Strength Index triggers and time-based executions. Risk management is implemented through standard parameters including fixed lot sizing, stop loss, take profit, and trailing stops. Many files appear to be generated by automated strategy builders, providing basic templates for opening and managing single positions. The repository lacks a formal README, serving primarily as a storage for experimental trading scripts.
Read from ejemplo de rsi.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
MagicNumber
int
10001
Lots
double
0.1
StopLoss
double
50
TakeProfit
double
50
TrailingStop
int
50
Slippage
int
3
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone jesuscovam/mql4-bot 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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