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A notification utility for MetaTrader 4 that monitors multiple technical indicators to generate trade alerts. It tracks moving average crossovers, specifically the 50 and 200 periods, along with Relative Strength Index levels, Bollinger Band breakouts, and MACD confirmations. Users can configure the tool to send notifi
Utility · MT4
Ogawa
Ogawa is a MetaTrader 4 signal tool that identifies potential mean-reversion opportunities by combining Bollinger Bands and the Relative Strength Index (RSI).
GitHub stars1
Forks0
Last update9 years ago9 Jun 2017
LicenceNone stated
Overview
Ogawa triggers when price action moves outside the bands while RSI confirms an overbought or oversold state. The EA incorporates a time-of-day filter to restrict signals to a user-defined window. In its current form, the implementation focuses on generating terminal logs and email notifications instead of automated trade execution. The repository lacks a README and provides no built-in risk controls such as stop loss, take profit, or position sizing.
- Bollinger Bands price crossover detection
- RSI overbought and oversold filtering
- User-defined operating hours
- Email and terminal notification system
Details
Author
KotaroHashimoto on GitHub
Type
Utility
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from Ogawa.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Band_Sigma | double | 2 | |
Band_Period | int | 20 | |
RSI_Upper | double | 67 | |
RSI_Bottom | double | 33 | |
RSI_Period | int | 9 | |
Start_Hour | int | 6 | |
End_Hour | int | 23 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone KotaroHashimoto/ogawa 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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