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
Oasis Money Maker
This MetaTrader 4 expert advisor executes trades based on three selectable technical indicators: Moving Averages, the Alligator indicator, or a custom channel strategy referred to as Rasim Line.
High risk
GitHub stars3
Forks1
Last update8 years ago29 May 2018
LicenceNone stated
Overview
Oasis Money Maker identifies trends and price levels to enter positions automatically. The EA manages risk through user-defined stop loss and take profit levels, along with an integrated trailing stop function. Notably, it utilizes a custom lot scaling mechanism defined by a string of increasing values, which functions similarly to martingale lot management. The repository lacks a detailed README for further documentation.
- Selectable Moving Average and Alligator strategies
- Custom channel-based entry logic
- Adjustable trailing stop loss mechanism
- Configurable tiered lot sizing scenario
- Time and date-based trading filters
Details
Author
rasimsen on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover, Martingale
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
Input parameters
Read from OasisMoneyMaker_MA_RL_Alligator.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
OASIS_MAGIC_NUMBER | int | 999 | Operation Code(**must be unique for every graph window) |
OASIS_STRATEGY | OASIS_STRATEGY_TYPES | ST_MA | Strategy |
OASIS_MA_METHOD | OASIS_MA_TYPES | MA_LWMA | Moving Average Method |
OASIS_ST_RL_TOP | double | 0 | RL Strategy Top Line |
OASIS_ST_RL_BOTTOM | double | 0 | RL Strategy Bottom Line |
OASIS_LOT_SECENARIO | string | 0.01;0.02;0.04;0.08;0.16;0.32;0.64;0.75;1.00;1.25;1.35;1.50; | Secenario |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone rasimsen/Meta-Trader-MQL-Expert-Adviser 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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