Pivot Points EA: Free MT4 Expert Advisor

Overview

Pivot Points EA focuses on systematic trade execution with integrated risk management, featuring automated lot sizing calculated as a percentage of account balance relative to stop loss distance. The EA includes a trailing stop mechanism that activates after a specific pip threshold and an equity protection module designed to limit total account drawdown. While the repository lacks documentation, the code provides settings for New York session timing and specific price move filters.

Dynamic lot sizing based on percentage risk per trade

Trailing stop with configurable activation trigger

Equity security module to limit maximum account loss

Time-based filtering for New York trading sessions

Details

Author

Skryrq 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

Source

github.com/Skryrq/PivotPoints

Input parameters

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

Name	Type	Default
`TrailingStopTriggerPips`	`int`	`50`
`TrailingStopPips`	`int`	`20`
`MinimalPriceMovePips`	`double`	`0`
`CandleType`	`int`	`0`
`magicnumber`	`int`	`1`
`Time_Settings`	`string`	`-----------------------------Time settings------------------`
`NewYorkTimeBased`	`bool`	`0`
`Risk_Management`	`string`	`---------------------------Risk Management------------------`
`ActiveEquitySecurity`	`bool`	`0`
`MaxLossPercent`	`double`	`10`
`AutoSizing`	`bool`	`0`
`ManuallySetSize`	`double`	`0.1`

Show all 13 inputs

Name	Type	Default	Description
`MaxLossPercentPerTrade`	`double`	`0.5`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Skryrq/PivotPoints 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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