Price Action Expert: Free MT4 Expert Advisor

Overview

The EA identifies the prevailing market trend through Fibonacci ratios and seeks entry signals using pin bars, engulfing patterns, and morning star formations. It features automated lot sizing based on account balance and implements hardcoded stop loss and take profit parameters. The EA also includes logic to modify existing orders when opposing price action signals are detected. Documentation for this repository is minimal.

Candlestick pattern recognition

Fibonacci trend filtering

Balance-based lot sizing

Automated exit on opposing signals

Details

Author

nasimalsajjad on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, SMC / ICT / price action

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

PriceActionExpert.mq4

Source

github.com/nasimalsajjad/PriceActionExpert

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone nasimalsajjad/PriceActionExpert 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.

Similar expert advisors

Copilot EA

by SeanEstey

Copilot is a MetaTrader 4 expert advisor designed to replicate human price action analysis through market structure mapping. The robot identifies swing highs and lows, representing them as a graph of nodes to track trends, impulses, and retracements. It incorporates higher time frame support and resistance levels into

MT4 Trading robot SMC / ICT / price actionTrend following

Updated 7 years ago None stated GitHub

Siluman Kambing

by rajaculaemas

This MetaTrader 4 expert advisor implements a multi-strategy approach for trading various currency pairs and gold. It combines technical indicators including Moving Averages, RSI, Bollinger Bands, and ADX with price action concepts such as support, resistance, and engulfing patterns. The EA features risk management too

MT4 Trading robot Trend followingMean reversionIndicator crossover

Updated 1 year ago None stated GitHub

Gold Liquidity Scalper

by amirmohamadkazemi0933

This MetaTrader 4 expert advisor is designed for XAUUSD scalping on the M1 timeframe. It switches logic based on market regimes: in trending markets, it follows the higher timeframe direction using EMA reversals and breakout entries, while in ranging markets, it executes trades based on liquidity sweeps at price extrem

MT4 Trading robot ScalpingSMC / ICT / price actionTrend following

Updated 2 months ago None stated GitHub

Engulfing Pattern EA

by JaydenTan98

This expert advisor for MetaTrader 4 executes trades based on the engulfing candle pattern, a classic price action signal. It identifies scenarios where the current candle completely covers the previous candle's range and filters entries using a Moving Average to ensure alignment with the prevailing trend. The EA place

MT4 Trading robot Trend followingSMC / ICT / price action

Updated 6 years ago None stated GitHub

Susu Engulf

by Chongcharen

Susu Engulf is a MetaTrader 4 expert advisor that automates trading based on engulfing candlestick patterns and technical indicators. It utilizes a combination of MACD and five distinct moving averages to determine trend direction and entry points. The EA manages risk through a maximum order limit and a money managemen

MT4 Trading robot Trend followingSMC / ICT / price actionGrid High risk

Updated 8 years ago None stated GitHub

Mveuuh Gold

by Nziikang

Mveuuh Gold is an automated MetaTrader 4 expert advisor designed specifically for trading XAUUSD. It utilizes a multi-layered trend filtering system based on three Exponential Moving Averages and the Average Directional Index to determine entry direction. The EA employs a grid-based pyramid strategy, opening additional

MT4 Trading robot Trend followingGridMartingale High risk

Updated 2 days ago None stated GitHub