Mveuuh Gold utilizes a multi-layered trend filtering system based on three Exponential Moving Averages and the Average Directional Index to determine entry direction. The EA employs a grid-based pyramid strategy, opening additional positions at fixed intervals using a lot multiplier. Risk management is centralized through a basket management system that monitors total USD profit and equity drawdown rather than individual trade stops. Notable characteristics include its use of lot scaling and a session filter for time-restricted trading.
Trend filtering using triple EMA and ADX
Basket management with equity drawdown protection
Configurable grid entry system with lot multiplier
Read from mveuuh_Gold.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
Inp01
string
=== GENERAL ===
BotName
string
mveuuh Gold
TradeComment
string
mveuuh 237
MagicNumber
int
20260920
OnlyThisSymbol
bool
true
Inp02
string
=== TREND FILTER ===
TrendTF
ENUM_TIMEFRAMES
PERIOD_H1
FastEMA
int
8
MidEMA
int
21
SlowEMA
int
50
UseADXFilter
bool
true
ADXPeriod
int
14
Show all 40 inputs
Name
Type
Default
Description
MinADX
double
18.0
Inp03
string
=== ENTRY / PYRAMID ===
BaseLot
double
0.10
LotMultiplier
double
1.35
GridStepPips
double
10.0
MaxPositions
int
20
MaxLotPerOrder
double
10.0
MaxTotalLots
double
40.0
MaxAddsPerBar
int
1
AllowNewBasketOnlyOnNewBar
bool
true
MinSecondsBetweenAdds
int
30
Inp04
string
=== BASKET MANAGEMENT ===
BasketTargetUSD
double
50.0
TargetPercentEquity
bool
false
BasketTargetPercent
double
1.0
UseBasketStop
bool
true
BasketMaxLossUSD
double
150.0
UseEquityDrawdownStop
bool
true
MaxEquityDrawdownPercent
double
10.0
CloseOnTrendFlip
bool
false
Inp05
string
=== SAFETY ===
MaxSpreadPips
double
3.0
MinFreeMarginPercent
double
200.0
Slippage
int
3
DemoProtection
bool
true
AllowLiveTrading
bool
false
Inp06
string
=== SESSION ===
UseSessionFilter
bool
false
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone Nziikang/Mveuuh-Gold.bot 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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