Multi Trader: Free MT4 Expert Advisor

Overview

Multi Trader allows traders to open up to three simultaneous orders with a unified stop loss but independent take profit targets and lot sizes. The expert advisor manages trade progression by adjusting stop levels to break even as targets are hit. It features automatic broker digit detection, input validation, and trade pre-checks to ensure compliance with broker distance rules. Trade data persists across terminal restarts using global variables.

On-chart multi-trade execution dashboard

Three-stage take profit and lot scaling

Automatic broker digit and pip detection

Global variable persistence for trade tracking

Built-in broker distance rule validation

Details

Author

ChamalAB on GitHub

Type

Utility

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Multi-strategy

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

Multi Trader 2018 v1.05.mq4

Source

github.com/ChamalAB/Multi-Trader

Input parameters

Read from Multi Trader 2018 v1.05.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`Default_PIP_level_Settings`	`string`	`==============`
`stop_loss_pips`	`double`	`50.0`
`tp_1_pips`	`double`	`20.0`
`tp_1_lots`	`double`	`0.02`
`tp_2_pips`	`double`	`50.0`
`tp_2_lots`	`double`	`0.01`
`tp_3_pips`	`double`	`100.0`
`tp_3_lots`	`double`	`0.01`
`Trade_Management_Settings`	`string`	`==============`
`enable_trade_management`	`bool`	`True`
`trade_manage_pip_offset`	`int`	`+5.0`
`refresh_rate`	`int`	`5`

Show all 16 inputs

Name	Type	Default	Description
`Other_Settings`	`string`	`==============`
`start_with_pip_mode`	`bool`	`True`
`panel_x`	`int`	`10`	X offset
`panel_y`	`int`	`30`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone ChamalAB/Multi-Trader 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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