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
Collection · MT4
MT4 Trading Collection
This collection of MetaTrader 4 scripts and experts features an automated trading robot based on the MACD indicator.
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Last update6 years ago19 Apr 2020
LicenceNone stated
Overview
MT4 Trading Collection identifies entry points using MACD signal line crossovers filtered by an Exponential Moving Average to determine trend direction. The system includes built-in risk controls such as fixed lot sizing, take profit levels, and a trailing stop function. The repository contains various standard sample files and data extraction tools but lacks a README or specific configuration instructions for different currency pairs.
- MACD and signal line crossover logic
- Exponential Moving Average trend filter
- Automated trailing stop mechanism
- Historical data extraction scripts
Details
Author
paulnheera on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from MACD Sample.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TakeProfit | double | 50 | |
Lots | double | 0.1 | |
TrailingStop | double | 30 | |
MACDOpenLevel | double | 3 | |
MACDCloseLevel | double | 2 | |
MATrendPeriod | int | 26 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone paulnheera/MT4-Trading 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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