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This expert advisor for MetaTrader 4 focuses on gold trading using daily price extremes and moving averages. It calculates the 7-day Simple Moving Average and identifies the highest price points from the previous five trading days to determine market direction. The EA executes its logic on a five-second timer interval
Trading robot · MT4
Pivot Fab
Pivot Fab is an automated trading robot for MetaTrader 4 that utilizes Fibonacci-based pivot point levels to identify entry and exit signals.
GitHub stars1
Forks0
Last update9 years ago7 Jul 2017
LicenceNone stated
Overview
The system calculates support and resistance lines based on historical price data, specifically identifying pivot points from R3 down to S3. It manages risk through fixed stop loss and take profit orders, while also incorporating a trailing stop and a profit shield feature for trade management. The expert advisor provides visual feedback by drawing pivot labels on the chart and supports audio alerts. Documentation in the repository is minimal.
- Fibonacci pivot point calculation
- Integrated trailing stop and profit shield
- Visual pivot level chart drawing
- Customizable slippage and timezone settings
Details
Author
HussainAfzalBrainPlow on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion, Breakout
Markets
Any symbol
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
Input parameters
Read from PivotFab.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
StopLoss | double | 20 | |
TakeProfit | double | 21 | |
TrailingStop | double | 20 | |
Lots | double | 0.10 | |
ProfitShield | double | 7 | |
TimeZone | int | 0 | |
clOpenBuy | color | Blue | |
clCloseBuy | color | Aqua | |
clOpenSell | color | Red | |
clCloseSell | color | Violet | |
clModiBuy | color | Blue | |
clModiSell | color | Red |
Show all 17 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Name_Expert | string | FiboPivote | |
Slippage | int | 4 | |
hr | int | 1 | |
UseSound | bool | True | |
NameFileSound | string | alert.wav |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone HussainAfzalBrainPlow/TraderAI 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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