PR Pivots Expert Advisor: Free MT4 Expert Advisor

Overview

Using price data from the previous trading day, including high, low, and close values, it plots the central pivot level along with three resistance and three support levels. The software uses graphical objects to render trend lines and labels, providing visual reference points for price action. It lacks automated trading logic or risk management settings in the provided source code, functioning as a visual aid for intraday traders.

Standard daily pivot point calculation

Automatic chart visualization with trend lines

Support and resistance level labeling

Visual price level monitoring

Details

Author

pr1266 on GitHub

Type

Utility

Platform

MetaTrader 4 (MQL4)

Strategy

Mean reversion, Breakout

Markets

Any symbol

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

prpivots.mq4

Topics

expert-advisorsmql5mql4pivot

Source

github.com/pr1266/PR_PIVOTS_EXPERT_ADVISOR

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone pr1266/PR_PIVOTS_EXPERT_ADVISOR 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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