This repository features a collection of trading tools for MetaTrader 5 and 4, headlined by a comprehensive Trade Manager EA. This manager enables manual execution via keyboard shortcuts and provides automated risk controls, including ATR-based break-even settings and trailing stops. The collection also offers strategy
Collection · MT4
MQL4 Utilities FX
MQL4 Utilities FX is a collection of auxiliary Expert Advisors for MetaTrader 4 designed to streamline trade management and account protection.
GitHub stars1
Forks0
Last update8 months ago3 Jan 2026
LicenceNone stated
Overview
The repository includes tools for setting automatic stop loss and take profit levels, managing break-even points, and calculating average entry prices. A core component is a percentage-based risk manager that monitors floating profit or loss to close positions when user-defined equity thresholds are met. Additionally, it provides a graphical interface for manual bulk order closing across specific symbols or the entire account. The utilities follow a legacy procedural coding style and require manual interaction via on-chart panels.
- GUI-based control panels
- Percentage-based account protection
- Automatic stop loss and take profit
- Bulk order closing assistant
- Break-even management utility
Details
Author
MichalHerda on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
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.
EA files
Input parameters
Read from PercentageAutoMM.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
log_display_enable | bool | true | |
tooltip_enable | bool | true | |
SWAP_Include | bool | true | |
Commission_Include | bool | true | |
Decimal_Places | int | 3 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone MichalHerda/mql4-utilities-fx 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 collection for MetaTrader 4 provides a variety of expert advisors and utilities intended for automated trading and educational use. The primary component is a moving average crossover robot that opens positions based on trend direction. It features risk management tools including percentage-based stop losses, take
This repository provides a diverse library of expert advisors and technical indicators for MetaTrader 4. The collection includes robots utilizing moving average crossovers, MACD trend-following signals, and mean-reversion strategies based on Bollinger Bands. A notable inclusion is a Martingale robot that scales lot siz
This repository features a diverse collection of expert advisors and trading utilities for MetaTrader 4 and MetaTrader 5. It includes automated robots based on trendline analysis, session breakouts, and technical indicator crossovers using MACD, RSI, and Williams Percent Range. The library provides various tools for ri
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
This repository contains a diverse collection of MetaTrader 4 expert advisors and R-based financial scripts. The primary robot is based on the Nanningbob trading system, which utilizes multi-timeframe analysis across daily and four-hour charts to identify trends and ranging markets. It employs Bollinger Bands for mean-
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers