by 
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
Nampin Man
This MetaTrader 4 expert advisor implements a grid-based averaging strategy known as Nampin.
High risk
GitHub stars1
Forks0
Last update5 years ago6 Dec 2020
LicenceNone stated
Overview
The robot monitors open buy and sell positions, calculating aggregate lot sizes and floating profits. It uses a fixed lot multiplier of 1.5 to scale positions when the market moves against the initial trade by a set span. The system targets a specific take profit level and includes basic spread filters. The provided documentation is unrelated to the trading logic, which is managed through a timer-based execution loop. It lacks a default stop loss.
- Grid-based position averaging
- Lot scaling with 1.5 multiplier
- Automated account and equity monitoring
- Timer-driven trade management
Details
Author
KotaroHashimoto on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Grid, Martingale
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
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone KotaroHashimoto/safe-rm 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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