PATI Trading Assistant: Free MT4 Expert Advisor

Overview

PATI Trading Assistant automates the placement of stop losses and take profits, specifically managing range breakout and pullback setups. The EA includes risk controls such as the Two Minute Rule for pending orders and automatic closure when a price closes back inside a range. It features a graphical user interface for manual drawing and order execution but requires external DLL imports for its UI components.

Automated stop loss and take profit management

Range breakout and pullback trade execution

Two Minute Rule for pending order protection

Graphical interface for range and trend lines

Automatic exit on Close Back Inside Range logic

Details

Author

daveh551 on GitHub

Type

Trade manager

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout, Trend following

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

Experts/PATITradingAssistant.mq4

Source

github.com/daveh551/PATITradingAssistant

Input parameters

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

Name	Type	Default
`General`	`string`	`===General===`
`Testing`	`bool`	`false`
`PairOffsetWithinSymbol`	`int`	`0`
`AlertOnTrade`	`bool`	`true`
`MakeTickVisible`	`bool`	`false`
`SaveConfiguration`	`bool`	`false`
`ConfigureStops`	`string`	`===Configure Stop Loss Levels===`
`DefaultStopPips`	`int`	`12`
`ExceptionPairs`	`string`	`EURUSD/8;AUDUSD,GBPUSD,EURJPY,USDJPY,USDCAD/10`
`SendSLandTPToBroker`	`bool`	`true`
`SetLimitsOnPendingOrders`	`bool`	`true`
`AdjustStopOnTriggeredPendingOrders`	`bool`	`true`

Show all 40 inputs

Name	Type	Default
`ConfigureDisplay`	`string`	`===Configure Trade Display===`
`ShowEntry`	`bool`	`true`
`ShowInitialStop`	`bool`	`true`
`ShowExit`	`bool`	`true`
`ShowTradeTrendLine`	`bool`	`true`
`EntryIndicator`	`int`	`2`
`WinningExitColor`	`color`	`Green`
`LosingExitColor`	`color`	`Red`
`TradeTrendLineColor`	`color`	`Blue`
`ConfigureNoEntryZone`	`string`	`===Configure No-Entry Zone===`
`ShowNoEntryZone`	`bool`	`true`
`NoEntryZoneColor`	`color`	`DarkGray`
`MinNoEntryPad`	`double`	`15`
`ConfigureTP`	`string`	`===Configure Take Profit Levels===`
`UseNextLevelTPRule`	`bool`	`true`
`MinRewardRatio`	`double`	`1.5`
`ConfigureRangeLines`	`string`	`===Configure Draw Range Lines feature===`
`ShowDrawRangeButton`	`bool`	`true`
`RangeLinesColor`	`color`	`Yellow`
`RangeLineLabelColor`	`color`	`Blue`
`RangeLineLabelSize`	`int`	`1`
`SetPendingOrdersOnRanges`	`bool`	`false`
`MarginForPendingRangeOrders`	`double`	`1.0`
`ObserveTwoMinuteRule`	`bool`	`true`
`AutoCloseOnCBIR`	`bool`	`true`
`AlertOnCBIR`	`bool`	`false`
`ConfigureYellowLines`	`string`	`===Configure Draw Yellow Lines feature ===`
`ShowDrawYLButton`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone daveh551/PATITradingAssistant 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, and any .mqh files into the Include folder the code expects.

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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