Oanda TDesk Drone: Free MT4 Expert Advisor

Overview

Oanda TDesk Drone functions as a bridge, using an external Python script and file-based data exchange to facilitate order placement. The EA is specifically designed to support fractional lot sizes smaller than standard micro-lots, making it suitable for small accounts. Risk management includes margin level monitoring, percentage-based lot sizing, and automated trade closure on signal reversals. It also supports dual-account configurations to enable hedging for regulated users.

TDesk signal dashboard integration

Sub-micro lot execution via Python bridge

Automated margin-based risk calculation

Dual-account hedging configuration

Position layering with minimum pip distance

Details

Author

LonnieCoffman on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Multi-strategy, Grid, Hedging

Markets

Forex

Timeframes

Any timeframe

Risk profile

Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once

EA files

OandaTDeskDrone.mq4

Source

github.com/LonnieCoffman/OandaTDeskDrone

Input parameters

Read from OandaTDeskDrone.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`externDash0`	`string`		DASHBOARD SETTINGS
`EveryTickMode`	`TickMode`	`true`	When to allow new trades
`EveryTickTimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	"At New Candle" timeframe
`ShortPandLOffset`	`double`	`0.0`	Offset to Adjust Short P/L Reported by Oanda
`LongPandLOffset`	`double`	`0.0`	Offset to Adjust Long P/L Reported by Oanda
`AutoTradingAll`	`AutoTrade`	`0`	When AutoTrading button is pressed:
`spacer1`	`string`		.
`externNotify1`	`string`		NOTIFICATIONS
`externNotify2`	`string`		note: Notifications must be set up in MT4
`NotifyWarning`	`bool`	`true`	Notify of Warning Messages?
`NotifyTradeOpen`	`bool`	`true`	Notify when Opening Trades?
`NotifyTradeClose`	`bool`	`true`	Notify when Closing Trades?

Show all 40 inputs

Name	Type	Default	Description
`NotifyStart`	`int`	`5`	Hour Notification Start (local time)
`NotifyEnd`	`int`	`20`	Hour Notification End (local time)
`spacer2`	`string`		.
`externSignal0`	`string`		SIGNAL SETTINGS
`TDeskSignalIntervalSeconds`	`int`	`5`	Seconds between TDesk signal checks
`MaxSignalAgeMinutes`	`int`	`60`	Minutes to Consider Signal Valid
`spacer3`	`string`		.
`externLotCalc0`	`string`		LOT CALCULATIONS
`LotCalculation`	`LotCalc`	`MaxLotSize`	Lot Calculation Method
`SetLotSize`	`int`	`1000`	Fixed: Lot Size (1000 = 0.01)
`AveragePipLoss`	`int`	`20`	Risk: Avg Loss in Pips
`RiskPercent`	`double`	`2`	Risk: Percent Risk per Trade
`PercentReserveMargin`	`int`	`20`	Risk/Max: % Acct Balance Not used in Calculations
`NumberOfTradesPerPair`	`int`	`2`	Risk/Max: Max Num Trades/Pair for Calculations
`UseIncrementalLotSizing`	`bool`	`false`	Increment the Size of Each Trade?
`LotIncrement`	`int`	`1`	Increment Amount
`Spacer4`	`string`		.
`externTradeEntry`	`string`		TRADE ENTRIES
`MaxTradesAllowed`	`int`	`5`	Max Trades Allowed Per Pair
`MinDistanceBetweenTradesPips`	`int`	`30`	Min Pip Distance Between Trades
`MinMarginLevelToTrade`	`double`	`50`	Min Margin Level to Trade (0 = disable)
`MaxPairsAllowedToTrade`	`int`	`0`	Max Number of Pairs to Trade (0 = disable)
`Spacer5`	`string`		.
`externTradeExit`	`string`		TRADE EXITS
`CloseOnOppositeSignal`	`bool`	`true`	Close Trade on Opposite Signal?
`CloseTradesOnFlatSignal`	`bool`	`false`	Close Trade on Flat Signal?
`UseMarginLevelClosure`	`bool`	`true`	Use Margin Level Closure?
`CloseBelowMarginLevel`	`double`	`25`	Close Below Margin Level

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone LonnieCoffman/OandaTDeskDrone 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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