Trading robot · MT4

Richer Machine

by SeedMQL

Richer Machine is a MetaTrader 4 expert advisor designed for automated breakout trading using Bollinger Bands and custom price levels.

High risk

GitHub stars1
Forks3
Last update7 years ago24 Jan 2019
LicenceNone stated

Overview

Richer Machine initiates trades when price closes outside the bands, subsequently placing Buy Stop and Sell Stop orders at intervals defined by a Fibonacci-width parameter. The system manages risk through fixed lot sizing and assigns stop loss and take profit values to each pending order based on the calculated grid. Developed as a learning project, the repository features a minimal README and focuses on basic algorithmic execution and order management logic.

Details

Author

SeedMQL on GitHub

Type

Trading robot

Strategy

Breakout, Grid

Markets

Any symbol

Timeframes

Any timeframe

Risk Profile

  • Opens a grid of orders: exposure builds up in a trend

Input Parameters

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

NameTypeDefaultDescription
iBandPeriodint20
iBandDeviationsdouble2
iBandShiftint0
fiboWidthdouble100
lotsdouble0.1
slippageint3

How to Install It

  1. 1Download the sourceUse "Download source (.zip)" above, or clone SeedMQL/MQL4 from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
  3. 3Copy the filesCopy the .mq4 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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