Period Ranging Pro: Free MT4 Expert Advisor

Overview

The breakout EA identifies price ranges within a specific time window, executing trades based on price movement outside these boundaries. It includes risk management features such as stop loss, take profit with step-based adjustments, and a stealth mode to manage orders privately. The collection also includes files referencing Bollinger Bands and Moving Averages. The README is minimal, requiring users to interpret the strategy directly from the input parameters.

Time-based session breakout logic

Stealth order management mode

Automated lot sizing based on capital risk

Adjustable box height constraints

Details

Author

lingao90 on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout, Multi-strategy

Markets

Forex

Timeframes

M15-H1

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

Source

github.com/lingao90/ExpertAdvisor-EA-

Input parameters

Read from advance-expert-ea.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`ADVISOR_NAME`	`string`	`RANGE-BREAKOUT_EA_`
`VERSION`	`string`	`PERIOD_RANGING_PRO`
`AUTHOR`	`string`	`OLADEJO_Olusegun@IDQFX`
`Profit`	`double`	`2.0`
`Loss`	`double`	`5.0`
`SECTION_ONE`	`string`	`********************************************************`
`MONEY_MANAGEMENT`	`string`	`_`
`AutoLots`	`bool`	`false`
`BALANCEPLUS`	`string`	`_`	BALANCE+
`Risk_Ratio`	`double`	`0.01`
`Risk_Capital`	`double`	`100`
`Starting_Lotsize`	`double`	`0.01`

Show all 40 inputs

Name	Type	Default	Description
`Lot_Increase`	`double`	`0.01`
`Max_Starting_Lotsize`	`double`	`10`	Max._Starting_Lotsize
`SECTION_TWO`	`string`	`********************************************************`
`ORDER_MANAGEMENT`	`string`	`_`
`TradeOnMonday`	`enyn`	`Yes`
`TradeOnTuesday`	`enyn`	`Yes`
`TradeOnWednesday`	`enyn`	`Yes`
`TradeOnThurstday`	`enyn`	`Yes`
`TradeOnFriday`	`enyn`	`Yes`
`ShowPairSpread`	`enyn`	`Yes`
`Box_Start_Time`	`string`	`00:00`
`Box_End_Time`	`string`	`06:00`
`Max_Box_Height`	`double`	`30`
`Min_Box_Height`	`double`	`20`
`Offset`	`double`	`5`	Offset(From S/R)
`Starting_TP`	`double`	`40`
`TP_Step`	`double`	`10`
`Max_TP`	`double`	`300`
`StopLoss`	`double`	`20`
`RecoveryAt`	`int`	`10`
`AddSLPips`	`double`	`2`
`AutomaticSLPips`	`bool`	`True`
`MaxSpread`	`double`	`4`
`Slippage`	`int`	`4`
`Requote_Attempts`	`int`	`40`
`SECTION_THREE`	`string`	`********************************************************`
`TRADE_MANAGEMENT`	`string`	`_`
`Stealth`	`bool`	`True`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone lingao90/ExpertAdvisor-EA- 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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