This MetaTrader 4 robot implements a multi-currency mean-reversion strategy, targeting price returns to the average on correlated forex pairs. It manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to dive
Trading robot · MT4
Profit Hunter
Profit Hunter is an expert advisor for MetaTrader 4 designed for forex and cryptocurrency trading.
High risk
GitHub stars5
Forks1
Last update4 years ago27 Jan 2022
LicenceNone stated
Overview
Profit Hunter utilizes a composite signal strategy combining Triple Moving Average, Adaptive RSI, CCI, iTrend, and Fisher indicators. The robot executes trades using a grid system where distances between orders are set manually or calculated dynamically using standard deviation. It includes a martingale lot-scaling mechanism that can increase position sizes in both trend and counter-trend directions. The EA supports simultaneous buy and sell positions for hedging. Risk management features trailing profits and money management, though it typically operates without a functional stop loss.
- Multi-indicator signal integration
- Dynamic grid spacing via standard deviation
- Martingale lot multiplication
- Built-in hedging capabilities
- Automatic money management and lot sizing
Details
Author
phpkadir on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Grid, Martingale, Hedging, Multi-strategy
Markets
Forex, Crypto
Timeframes
M15-H1, H4 and above
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
Input parameters
Read from Profithunter.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TradeShort | bool | true | Allow place sell ordes |
TradeLong | bool | true | Allow place buy orders |
UseTMA | bool | false | Triple moving average |
MAperiod | int | 240 | |
UseARSI | bool | true | Adaptive RSI |
RSI_period | int | 5 | TF for ARSI |
RSI_bars | int | 28 | lenght of ARSI |
ARSI_trigger | double | 0 | level to trigger trade. If = 0 will be used ATR as automatic trigger level |
UseCCI | bool | false | |
CCI_Period | int | 60 | CCi time frame |
CCI_lenght | int | 60 | CCI bars |
cci_trigger | int | 25 | +/- level. lower value = enter in trade faster |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Use_iTrend | bool | true | |
iTrendPeriod | int | 60 | iTrend TF |
Use_Fisher | bool | true | |
FisherPeriod | int | 60 | Fisher TF |
Fisher_Bars | int | 10 | Fisher indicator bars |
Buy_Enter_Level | double | 1.5 | Buy enter level |
Sell_Enter_Level | double | -1.5 | Sell enter level |
ReverseDirection | bool | true | true = will trade long when price is low and short and price is high. false = will trade long when price is high and sho |
MoneyMangement | bool | true | will autocalculate lot size, lot increment and profit target |
MicroAccount | bool | false | will divide LotSize by 10 |
MaximumRisk | double | 0.1 | 1 mean 0.1% of balance |
LotSize | double | 0.1 | NULL if MoneyMangement is true |
LotIncrement | double | 0.1 | NULL if MoneyMangement is true |
Multiplier | double | 0 | Will increase orders in Martingale fashion in direction of trend if set to "1". Used with TrendSpacing only. |
CounterTrendMultiplier | double | 0 | Will increase orders in Martingale fashion in opposite direction of trend if set to "1". Used with Spacing only. |
ProfitTarget | double | 10 | All orders closed when this profit target amount (in dollars) is reached |
ProfitSkew | double | 2 | Increase/decrease ProfitTarget when MoneyMangement=true |
ProfitMode | int | 1 | 1= mixed mode, 2= global mode, 3= split mode |
ProfitTrailing | bool | true | Will try to allow profit grow beyond ProfitTarget |
MaxRetrace | double | 2 | Maximum percent of MaxProfit allowed to decrease before close all orders |
ForcedStart | int | 0 | 1 = New cycle will start if signal is for long, 2 = New cycle will start if signal is for short, 0 = disabled |
SL | double | 999 | Performs better with no initial stoploss. |
AutoSpacing | bool | true | Spacing will be calculated using stdDev |
StDevTF | int | 60 | TF for StDev |
StDevPer | int | 14 | lenght of StDev |
StDevMode | int | MODE_EMA | mode of StDev - 0=SMA, 1=EMA, 2=SMMA, 3=LWMA |
Spacing | int | 15 | Minimum distance of orders placed against the trend of the initial order, In effect only if AutoSpacing=false |
TrendSpacing | int | 15 | Minimum distance of orders placed with the trend of the initial order (set to 1000 to disable ) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone phpkadir/MetatraderRobot 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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