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
RSI Momentum Data Sniffer
This MetaTrader 4 utility functions as a data logger rather than a trading robot.
GitHub stars3
Forks2
Last update8 years ago20 Oct 2017
LicenceNone stated
Overview
RSI Momentum Data Sniffer extracts real-time market information, including current bid and ask prices and spreads, alongside technical indicator values for the Relative Strength Index and Momentum, both using a 14-period setting. The tool exports this data into CSV files stored in the common terminal directory for external analysis. It does not open, manage, or close trades, and it contains no trade execution logic or risk management controls.
- Automated data logging to CSV files
- RSI 14 and Momentum 14 monitoring
- Real-time price and spread capture
- Common terminal path file export
Details
Author
reuniware on GitHub
Type
Utility
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
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
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone reuniware/Metatrader4-RSI-Momentum-DataSniffer 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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