Price Less EA: Free MT4 Expert Advisor

Overview

Price Less EA combines moving average crossovers for entry timing with a multi-level position layering system. The robot initiates trades and scales lot sizes using step-based increments at fixed distances. It manages open trade baskets by attempting to close all positions once a predefined profit target is achieved. Risk controls include a maximum trade count and a termination level, as the EA lacks individual stop loss inputs.

Moving average crossover entry logic

Grid-based position layering with step distances

Adjustable lot scaling and additions

Basket profit target management

Maximum trade and level limits

Details

Author

exalkas on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Grid, Indicator crossover, Martingale, Hedging

Markets

Forex

Timeframes

M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once
Trades without a fixed stop loss

EA files

Topics

forex-trading

Source

github.com/exalkas/MQL

Input parameters

Read from PriceLess0540-Git.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`step`	`double`	`30.0`
`starthour`	`int`	`0`
`startday`	`int`	`1`
`id`	`int`	`11`
`legavanta`	`int`	`2`
`terminatelevel`	`int`	`10`
`hordivider`	`string`	`------------------------------------------------`
`extlots`	`double`	`0.02`
`maxlotsperlevel`	`double`	`0.04`
`maxtradesperlevel`	`int`	`2`
`steplots`	`double`	`0.01`
`addlots`	`double`	`0.03`

Show all 27 inputs

Name	Type	Default
`hordivider3`	`string`	`------------------------------------------------`
`usemas`	`bool`	`true`
`tradewithmas`	`bool`	`true`
`smallma`	`int`	`9`
`bigma`	`int`	`20`
`matf`	`int`	`60`
`hordivider4`	`string`	`------------------------------------------------`
`minprofit`	`double`	`0.001`
`flexibility`	`int`	`3`
`maxtrades`	`int`	`30`
`closeiffirstinprofit`	`bool`	`true`
`continueafterclosefromwininarow`	`bool`	`false`
`debug`	`bool`	`true`
`slip`	`int`	`5`
`closeall`	`bool`	`false`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone exalkas/MQL 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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