The robots utilize various strategies such as engulfing candles, pinbars, Heikin Ashi trends, and moving average crossovers. Risk management settings across the files include stop loss, take profit, trailing stops, and break-even functions. Some versions feature an equity stop to limit total account risk and an increase factor for lot sizing. The repository lacks a documentation file, requiring manual code inspection to understand individual entry conditions and logic for each included expert advisor.
Read from ENGULFING.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
Exit
bool
false
Enable Exit strategy
IncreaseFactor
double
0.001
IncreaseFactor
CandlesToRetrace
int
10
Num.Of Candles For Divergence
Lots
double
0.01
Lots size
TrailingStop
double
40
TrailingStop
Stop_Loss
double
20
Stop Loss
MagicNumber
int
1234
MagicNumber
Take_Profit
double
50
TakeProfit
FastMA
int
6
FastMA
SlowMA
int
85
SlowMA
Mom_Sell
double
0.3
Momentum_Sell
Mom_Buy
double
0.3
Momentum_Buy
Show all 15 inputs
Name
Type
Default
Description
UseEquityStop
bool
true
Use Equity Stop
TotalEquityRisk
double
1.0
Total Equity Risk
Max_Trades
int
10
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone Roman-Geyzer/MQL4_trading-EA-s 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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