AutoTrade EA is a scalping robot for MetaTrader 4 and 5 that utilizes a multi-indicator signal scoring system based on Exponential Moving Average crossovers and RSI levels. It employs an aggressive trade management strategy featuring a dynamic grid and a stepped martingale lot scaling system where position sizes increa
Trading robot · MT4 · MT5
NLF Trading Bot
This automated expert advisor for MetaTrader 4 and MetaTrader 5 utilizes a strategy inspired by the Never Losing Formula.
High risk
GitHub stars1
Forks0
Last update4 years ago28 Aug 2022
LicenceNone stated
Overview
NLF Trading Bot employs technical indicators including the Stochastic Oscillator, Relative Vigor Index, and Envelopes to identify market entries. To manage trades, the EA incorporates a secondary entry mechanism with progressive lot scaling, attempting to recover positions when the market moves against the initial trade. Risk controls include fixed stop loss and take profit levels, though the strategy relies on lot multiplication. The repository documentation is minimal.
- Stochastic and RVI signal logic
- Envelope deviation band filters
- Progressive lot sizing array
- Secondary entry price deviation
- MetaTrader 4 and 5 compatibility
Details
Author
NorVirae on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
Strategy
Hedging, Martingale, Indicator crossover
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Holds opposite positions at once
EA files
Input parameters
Read from nlfbot_20220828090235.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Stop_Loss | int | 2800 | Stop Loss (pips) |
Take_Profit | int | 2100 | Take Profit (pips) |
Normalised_Stop_Loss | int | 280 | |
Normalised_Take_Profit | int | 210 | |
Ind0Param0 | int | 30 | %K Period 30 |
Ind0Param1 | int | 70 | %D Period 70 |
Ind0Param2 | int | 3 | Slowing 3 |
Ind1Param0 | int | 24 | Period |
Ind2Param0 | int | 8 | Period |
Ind2Param1 | double | 7.20 | Deviation % |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone NorVirae/nlfbot from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .mq5 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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