Trading robot · MT4

Session Sauce

by jblanked

Session Sauce is an automated expert advisor for MetaTrader 4 designed to trade market session transitions and price extremes.

High risk

GitHub stars13
Forks0
Last update3 years ago4 Feb 2023
LicenceNone stated

Overview

Session Sauce allows users to configure entries based on session opens, highs, and lows for the New York, London, and Asian sessions. The EA includes risk management features such as fixed stop losses, take profits, and percentage-based position sizing. It uses a trade management system that supports closing partial positions at four distinct profit targets while moving the stop loss to a break-even point to protect capital.

Details

Author

jblanked on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout, Mean reversion, Martingale

Markets

Forex

Timeframes

M15-H1

Risk profile

  • Uses martingale lot scaling: losses can grow fast

Input parameters

Read from Session Sauce v3.mq4. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
SETTINGSsstring======= TRADE SESSIONS LOW/HIGH SETTINGS ======
sellAsianLowboolfalseSell asian low?
buyAsianLowboolfalseBuy asian low?
sellAsianHighbooltruesell asian high?
buyAsianHighboolfalsebuy asian high?
sellLondonLowboolfalseSell london low?
buyLondonLowboolfalseBuy london low?
sellLondonHighboolfalsesell london high?
buyLondonHighboolfalsebuy london high?
SETTINGSssstring======= TRADE SESSION OPEN SETTINGS ======
buyLondonOpenboolfalseBuy london open?
sellLondonOpenboolfalseSell london open?
Show all 35 inputs
NameTypeDefaultDescription
buyAsianOpenboolfalseBuy Asian open?
sellAsianOpenboolfalseSell Asian open?
buyNewYorkOpenbooltrueBuy new york open?
sellNewYorkOpenboolfalseSell new york open?
SETTINGSstring======= ORDER SETTINGS ======
takeprofitint1000Take profit
stoplossint20Stop loss
usepercentriskbooltrueUse risk per trade?
percentriskdouble0.25Percent risk
uselotsizeboolfalseUse lot size?
lotsizeedouble0.10Lot size
martinTimerint1Limit expiry (hours)
BreakEvenSettingsstring======= TAKE PARTIAL SETTINGS =======
UseBreakEvenStopbooltrueUse take partials?
BEclosePercentdouble50.0Close how much percent?
breakstartdouble50Take partials after how many pips in profit (1)
breakstart2double100Take partials after how many pips in profit (2)
breakstart3double200Take partials after how many pips in profit (3)
breakstart4double300Take partials after how many pips in profit (4)
breakstopdouble20Move stop loss in profit X pips
MAGICNUMBERSstring======= OTHER SETTINGS ======
magicNBsint613119Magic Number
orderCommentsstringSS v3Order Comment

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone jblanked/Session-Sauce 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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