Heiken Ashi Naive is a trading robot for MetaTrader 4 and 5 that executes trades based on Heiken Ashi candle characteristics, including body length and wick presence. It evaluates candle sequences to enter positions and can be configured to either follow the trend or operate in an inverted mode for mean-reversion. Risk
Trading robot · MT4
RSI Momentum Robot
This MetaTrader 4 expert advisor utilizes the Relative Strength Index (RSI) and Momentum indicators to identify trading opportunities.
GitHub stars1
Forks1
Last update8 years ago22 Oct 2017
LicenceNone stated
Overview
The EA monitors price action, spreads, and indicator levels across various timeframes. A notable feature is its ability to log real-time market data, including broker info and indicator values, into a CSV file for external analysis. While the name implies automated trading, the provided documentation is minimal, and specific risk controls like hard stop losses or trailing stops are not visible in the initial code segments.
- RSI and Momentum indicator integration
- Automated CSV market data logging
- Real-time spread and broker tracking
- Multi-timeframe compatibility
Details
Author
reuniware on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone reuniware/Metatrader4-RSI-Momentum-Robot 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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