Proper Bot: Free MT4 Expert Advisor

Overview

Proper Bot filters entries based on volume and specific price levels. When a trade moves against the initial position, the EA opens additional orders at predefined point distances with increasing lot sizes according to a custom grid map. Risk management includes a trailing stop and a very wide emergency stop loss. The repository lacks a README and includes several other standard indicator-based trading robots.

Triple moving average signal filtering

Configurable grid map with lot scaling

Volume based entry requirements

Point based trailing stop logic

Daily trading hour restrictions

Details

Author

kmugglet on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Indicator crossover, Grid, Martingale, Trend following

Markets

Forex

Timeframes

Any timeframe

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend

EA files

Source

github.com/kmugglet/ExpertAdvisors

Input parameters

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

Name	Type	Default	Description
`a`	`string`	`* Signal settings:`
`MA_Fast_Period`	`int`	`10`
`MA_Mid_Period`	`int`	`25`
`MA_Slow_Period`	`int`	`50`
`MA_Disable`	`bool`	`false`
`Volume_Minimum`	`int`	`69`
`Volume_Period`	`int`	`1`
`High_Level`	`double`	`999.50001`	Do not buy above this level
`Low_Level`	`double`	`0.00001`	Do not sell below this level
`aa`	`string`	`* Grid Settings:`
`First_Lot`	`double`	`0.01`
`Grid_Map`	`string`	`100/0.02 150/0.03 200/0.04 250/0.05 999999999/0.1`

Show all 29 inputs

Name	Type	Default	Description
`aaa`	`string`	`* Order Settings:`
`Take_Profit`	`int`	`100`
`Stop_Loss`	`int`	`30000`
`Slippage`	`int`	`20`
`aaaaaaaa`	`string`	`* Trade Hours:`
`Start_Hour`	`int`	`0`
`Start_Minute`	`int`	`0`
`Finish_Hour`	`int`	`24`
`Finish_Minute`	`int`	`0`
`aaaaaaaaa`	`string`	`* Profit Trail:`
`Trail_Start`	`int`	`52`	Number of points of the trailing stop
`Trail_Distance`	`int`	`52`	Total points in profit trailing begins
`Trail_Step`	`int`	`4`
`aaaaaaaaaa`	`string`	`* EA Settings:`
`Market_Execution`	`bool`	`true`	ECN, NDD etc
`Magic_Number`	`int`	`2013`
`Write_Journal`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone kmugglet/ExpertAdvisors 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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