This risk management tool for MetaTrader 4 and 5 calculates optimal lot sizes based on user-defined risk parameters, account balance, and currency. It provides a graphical user interface for setting entry, stop loss, and take profit levels visually on the chart. The expert advisor accounts for commissions, swaps, and m
Utility · MT4
Robo Expert MT4
This Expert Advisor for MetaTrader 4 provides a graphical interface to streamline order placement and trade management.
GitHub stars1
Forks0
Last update2 years ago30 Dec 2023
LicenceMIT
Overview
Robo Expert MT4 automates the execution process by allowing users to define parameters for price levels, take profit, stop loss, and breakeven settings. The tool is optimized for USD-based currency pairs and accommodates accounts with specific leverage and digit requirements. It includes logic for calculating commissions and managing deposits across different time segments, though the user must configure the interface constants for optimal visual display.
- Custom graphical user interface
- Automated order placement system
- Integrated breakeven and stop loss management
- Support for six-digit USD currency pairs
Details
Author
SennovE on GitHub
Type
Utility
Platform
MetaTrader 4 (MQL4)
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.
EA files
Topics
metatrader-4mql4robotexpert
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone SennovE/RobotAdvisor-for-MetaTrader-4 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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