by 
This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
Repeat EA
This MetaTrader 4 expert advisor executes trades repeatedly at a user-defined price level.
GitHub stars9
Forks3
Last update8 years ago3 Feb 2018
LicenceMIT
Overview
The robot monitors price action and opens a buy or sell position when the market reaches the specified entry price. Once a trade is closed via the designated take profit target, the EA resets and prepares to re-enter the market at the same level, provided no other positions with the same magic number are active. It includes basic settings for lot sizing and slippage. Notably, the EA does not set a stop loss by default, and the provided documentation is minimal.
- Fixed price level entry logic
- Automated repeat trade execution
- User-defined take profit targets
- Position tracking by magic number
Details
Author
KeisukeIwabuchi on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Topics
mt4expert-advisorsmql4
Input parameters
Read from RepeatEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Type | TradeType | Buy | 取引種別 (Buy or Sell) |
EntryPrice | double | 110.0 | エントリー価格 |
TPPrice | double | 110.1 | 利食い価格 |
MagicNumber | int | 127 | マジックナンバー |
Lots | double | 0.1 | 取引数量 |
Slippage | int | 10 | スリッページ (point) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone KeisukeIwabuchi/RepeatEA 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, and any .mqh files into the Include folder the code expects.
- 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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