An automated trading system for MetaTrader 4 specifically designed for gold (XAUUSD) on the M5 timeframe. It features two core strategies: trend continuation and price pullbacks. The expert advisor utilizes a dual exponential moving average framework for direction and ATR for volatility filtering. Risk management is ha
Trading robot · MT4
OwaisQuadri MT4 Code
This MetaTrader 4 expert advisor executes trades based on momentum oscillators, trend filters, and price action patterns.
GitHub stars6
Forks5
Last update6 years ago2 Jul 2020
LicenceNone stated
Overview
OwaisQuadri MT4 Code utilizes a Stochastic oscillator alongside multiple Exponential Moving Averages to identify entry points in alignment with the prevailing trend. The logic incorporates candlestick analysis, specifically looking for reversal dojis or hammer patterns by calculating wick-to-body ratios. Risk controls include a fixed stop loss and hard-coded lot sizing. The repository also features utility scripts for trade management, such as manual trailing stops and break-even automation.
- Stochastic oscillator momentum signals
- Multi-EMA trend confirmation logic
- Candlestick wick-to-body ratio filters
- Automated trade management utility scripts
- Fixed stop loss risk control
Details
Author
OwaisQuadri on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following, Mean reversion
Markets
Forex
Timeframes
Any timeframe
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
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone OwaisQuadri/MT4-code 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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