Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
Trading robot · MT4
Oil Hedge
This MetaTrader 4 expert advisor implements a correlation-based hedging strategy between two instruments, typically UKOIL and USOIL.
High risk
GitHub stars3
Forks0
Last update5 years ago22 Jun 2021
LicenceNone stated
Overview
Oil Hedge monitors the price spread between the two assets, opening buy and sell positions simultaneously when the spread expands or narrows beyond defined thresholds. The EA manages exits based on spread reversion targets. It includes an optional position-adding feature with lot size multipliers for managing drawdown. No traditional hard stop loss is defined in the input parameters, as it relies on spread convergence for trade closure.
- Dual-symbol correlation hedging
- Spread expansion and narrowing entry logic
- Optional martingale lot scaling
- Configurable spread reversion exit targets
- Accompanied by a spread curve indicator
Details
Author
vvvf on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Hedging, Mean reversion, Martingale
Markets
Oil & commodities
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Holds opposite positions at once
- Trades without a fixed stop loss
EA files
Source
Input parameters
Read from OilHedge.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
High_Symbol | string | UKOIL | 高价品种 |
Low_Symbol | string | USOIL | 低价品种 |
magics | int | 500 | 魔数 |
lots | double | 0.1 | 手数 |
MaxOrder | double | 2 | 最大订单数 |
Open_Price_Expand | double | 3.75 | 差价扩大到该值时开单 |
Open_Price_Narrow | double | 3.25 | 差价缩小到该值时开单 |
isAddPosition | bool | false | 是否开启加仓 |
Add_Positions_Val | double | 0.1 | 加仓的差价间隔 |
lots_multi | double | 1.5 | 加仓倍数 |
Close_Price_Expand | double | 3.5 | 差价达到该值? |
Close_Price_Narrow | double | 3.5 | 差价达到该值? |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone vvvf/OilHedge 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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