by 
This MetaTrader 4 expert advisor focuses on Gold trading using institutional pivot point levels and fractal-based support and resistance zones. The robot filters entries through a combination of RSI, MACD, and moving average alignment, supplemented by a trade quality scoring system. It includes comprehensive risk contr
Trading robot · MT4
MT4 Autotrade EMA RSI
This MetaTrader 4 expert advisor automates trading using a combination of trend-following and mean-reversion indicators.
GitHub stars4
Forks3
Last update3 years ago2 Jun 2023
LicenceNone stated
Overview
MT4 Autotrade EMA RSI executes trades based on the crossover of two Exponential Moving Averages, filtered by Relative Strength Index levels and Bollinger Band boundaries. The robot enters a position when an EMA crossover aligns with specific price exhaustion signals. Risk management is handled through fixed lot sizes and user-defined stop loss and take profit distances. It monitors markets in real-time to manage a single open order at a time using a magic number identifier.
- Dual EMA crossover trend detection
- RSI momentum and trend filtering
- Bollinger Band price exhaustion triggers
- Fixed lot sizing and hard TP/SL targets
Details
Author
thomasngu0423 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Mean reversion
Markets
Forex
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 autotrade.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EMASlowPeriod | int | 50 | |
EMAFastPeriod | int | 10 | |
RSIPeriod | int | 14 | |
RSIBuyLevel | double | 50 | |
RSISellLevel | double | 50 | |
LotSize | double | 0.01 | |
StopLossPips | int | 200 | |
TakeProfitPips | int | 100 | |
MagicNumber | int | 1234 | Define the value of MagicNumber |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone thomasngu0423/mt4_autotrade 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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