This collection for MetaTrader 4 provides a variety of expert advisors and utilities intended for automated trading and educational use. The primary component is a moving average crossover robot that opens positions based on trend direction. It features risk management tools including percentage-based stop losses, take
Collection · MT4
Project Pips
Project Pips is a MetaTrader 4 expert advisor that automates trades based on moving average crossover signals.
GitHub stars2
Forks1
Last update8 years ago18 Dec 2017
LicenceNone stated
Overview
Project Pips includes a variety of entry and exit parameters, such as the ability to close positions on opposite signals or reverse positions based on price distance. Risk management is highly configurable, offering fixed stop losses, ATR-based stops, or High-Low candle range calculations. The robot provides several trailing stop mechanisms, including Parabolic SAR and standard pip steps, alongside flexible lot sizing models based on account equity or risk percentage.
- Moving average crossover signals with configurable periods
- ATR and High-Low range stop loss options
- Parabolic SAR and fixed step trailing stops
- Automated money management with risk-based lot sizing
Details
Author
taldan333 on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following
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
Input parameters
Read from Project Pips v1.32.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
PP_MagicNumber | int | 91273 | Magic Number |
PP_Lot_Size | double | 0.01 | Lot Size |
PP_Lot_Max | double | 10 | Max Lot Size |
PP_TakeProfit | int | 0 | Take Profit |
PP_Slippage | int | 3 | Max Slippage |
PP_Close_Signal | bool | True | Close on Opposite Cross |
PP_WS_Type | PP_WS | 0 | Wrong Side Action |
PP_WS_Time | ENUM_TIMEFRAMES | 0 | Wrong Side Time Frame |
PP_Sell_Distance | int | 5 | Wrong Side Sell Distance |
PP_Buy_Distance | int | 5 | Wrong Side Buy Distance |
PP_Rev_SL | int | 10 | Reverse Stop Loss |
PP_Rev_TakeProfit | int | 10 | Reverse Take Profit |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
PP_Risk | double | 7 | Risk % |
PP_MM_Type | PP_MM | 0 | MM Type |
PP_SL_Type | PP_SL | 0 | Stop Loss Type |
PP_Fixed_StopLoss | int | 50 | Fixed Stop Loss |
SL_candles_in_range | int | 5 | HiLo SL Candles in Range |
PP_ATR_SL_period | int | 14 | ATR SL Period |
PP_ATR_SL_Shift | int | 1 | ATR SL Shift |
PP_ATR_SL_Multiplier | double | 4 | ATR SL Multiplier |
PP_MA_Fast_Time | ENUM_TIMEFRAMES | 0 | Time Frame |
PP_MA_Fast_Period | int | 7 | Fast Period |
PP_MA_Fast_Method | ENUM_MA_METHOD | MODE_LWMA | Averaging Method |
PP_MA_Fast_Price | ENUM_APPLIED_PRICE | PRICE_CLOSE | Applied Price |
PP_MA_Slow_Time | ENUM_TIMEFRAMES | 0 | Time Frame |
PP_MA_Slow_Period | int | 21 | Slow Period |
PP_MA_Slow_Method | ENUM_MA_METHOD | MODE_LWMA | Averaging Method |
PP_MA_Slow_Price | ENUM_APPLIED_PRICE | PRICE_WEIGHTED | Applied Price |
PP_Breakeven_Flag | bool | False | Breakeven Toggle |
PP_Breakeven_Point | int | 20 | Breakeven Point |
PP_Breakeven_LockIn | int | 10 | Pips to Lock in |
PP_Trailing_Flag | bool | False | Pip Trail Toggle |
PP_Trailing_Start | int | 0 | When to Trail |
PP_Trailing_Stop | int | 20 | Trailing Stop |
PP_Trailing_Step | int | 5 | Trailing Step |
PP_PSAR_Trail | bool | False | PSAR Trail Toggle |
PP_PSAR_Trail_Start | int | 1 | When to Trail |
PP_PSAR_Trail_Time | ENUM_TIMEFRAMES | PERIOD_H1 | Time Frame |
PP_PSAR_Trail_Candles_Back | int | 1 | Candles Back to Trail |
PP_PSAR_Trail_Step | double | 0.02 | PSAR Step |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone taldan333/ProjectPips 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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