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This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
Nnfx Autotrader
This Expert Advisor for MetaTrader 4 implements the No Nonsense Forex (NNFX) methodology on the daily timeframe.
GitHub stars5
Forks0
Last update4 years ago14 Mar 2022
LicenceMIT
Overview
Nnfx Autotrader manages 27 forex pairs by scanning for signals shortly before the daily candle close to optimize spread costs. The EA handles trade entries, partial scaling out, and trailing stops based on Average True Range (ATR). Risk management includes a 2% exposure limit per currency. Users must manually integrate specific custom indicators and news dates into the source code for full functionality.
- No Nonsense Forex strategy implementation
- Multi-pair daily candle scanning
- ATR based trailing stop and exit
- Automated risk scaling per currency
- Partial scale out trade management
Details
Author
henriquepfeifer on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following
Markets
Forex
Timeframes
H4 and above
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
Input parameters
Read from NNFX_EA_trader.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Period_A0 | ENUM_TIMEFRAMES | PERIOD_D1 | |
Data_for_Strategy_A | string | Strategy A - No Nonsense Forex | |
IsTrade_A0 | bool | true | EURUSD Trading enable |
IsTrade_A1 | bool | true | GBPUSD Trading enable |
IsTrade_A2 | bool | true | USDJPY Trading enable |
IsTrade_A3 | bool | true | USDCHF Trading enable |
IsTrade_A4 | bool | true | USDCAD Trading enable |
IsTrade_A5 | bool | true | AUDCAD Trading enable |
IsTrade_A6 | bool | true | AUDCAD Trading enable |
IsTrade_A7 | bool | true | AUDJPY Trading enable |
IsTrade_A8 | bool | true | AUDNZD Trading enable |
IsTrade_A9 | bool | true | AUDUSD Trading enable |
Show all 29 inputs
| Name | Type | Default | Description |
|---|---|---|---|
IsTrade_A10 | bool | true | CADCHF Trading enable |
IsTrade_A11 | bool | true | CADJPY Trading enable |
IsTrade_A12 | bool | true | CHFJPY Trading enable |
IsTrade_A13 | bool | true | EURAUD Trading enable |
IsTrade_A14 | bool | true | EURCAD Trading enable |
IsTrade_A15 | bool | true | EURGBP Trading enable |
IsTrade_A16 | bool | true | EURJPY Trading enable |
IsTrade_A17 | bool | true | EURNZD Trading enable |
IsTrade_A18 | bool | true | GBPAUD Trading enable |
IsTrade_A19 | bool | true | GBPCAD Trading enable |
IsTrade_A20 | bool | true | GBPCHF Trading enable |
IsTrade_A21 | bool | true | GBPJPY Trading enable |
IsTrade_A22 | bool | true | GBPNZD Trading enable |
IsTrade_A23 | bool | true | NZDCAD Trading enable |
IsTrade_A24 | bool | true | NZDCHF Trading enable |
IsTrade_A25 | bool | true | NZDJPY Trading enable |
IsTrade_A26 | bool | true | NZDUSD Trading enable |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone henriquepfeifer/NNFX-autotrader 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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