Trading robot · MT4 · MT5

Quanta EA

by shibakk

Quanta is an automated trading robot for MetaTrader 4 and MetaTrader 5 that executes trades based on external indicator signals.

GitHub stars1
Forks0
Last update7 years ago7 Jan 2019
LicenceNone stated

Overview

The EA utilizes the WebRequest function to download data and HTML files from a remote server to guide its trading logic. For risk control, the system provides parameters for manual lot sizing, a maximum risk percentage, and a lot-reduction factor. The repository contains multiple versions of the source code, though the README is minimal and the main file includes a hardcoded expiration date from 2019 which may limit current functionality.

Details

Author

shibakk on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

Strategy

Trend following

Markets

Forex

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.

Input Parameters

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

NameTypeDefaultDescription
Lotsdouble0.1
MaximumRiskdouble0.02
DecreaseFactordouble3

How to Install It

  1. 1Download the sourceUse "Download source (.zip)" above, or clone shibakk/algoo from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
  3. 3Copy the filesCopy the .mq4 / .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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