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This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Trading robot · MT4
Mugen Nampin
Mugen Nampin is a MetaTrader 4 expert advisor that executes a mean-reversion strategy using Bollinger Bands.
High risk
GitHub stars1
Forks0
Last update8 years ago16 Dec 2017
LicenceNone stated
Overview
Mugen Nampin enters buy positions when price drops below the lower band and sell positions when price exceeds the upper band. The robot employs an averaging down approach, layering additional trades at fixed intervals when the market moves against the initial position. It uses two distinct martingale multipliers to scale lot sizes as the basket grows. Risk management features include a maximum position cap, a fixed take profit, and an optional monetary trailing stop. The code contains a hardcoded account number restriction and lacks a README.
- Bollinger Band mean-reversion entries
- Multi-stage martingale lot scaling
- Optional monetary trailing stop
- Maximum position limit control
- Averaging down at fixed pips intervals
Details
Author
KotaroHashimoto on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Martingale, Grid
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
EA files
Input parameters
Read from MugenNampin.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Entry_Lot | double | 0.01 | 初回エントリーロット数 |
Use_Trail | bool | False | 金額トリーリングストップ有効/無効設定 |
Trail_Amount | double | 500 | 金額トリーリングストップ? |
Use_TP | bool | True | 指値利確有効/無効設定 |
Max_Positions | int | 20 | 最大ポジション数 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone KotaroHashimoto/mugennampin 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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