This expert advisor for MetaTrader 4 implements a grid-based scalping strategy. It places multiple trade orders at fixed intervals, defined by a configurable pip gap. The system manages a specific number of grid lines on both sides of the starting price, aiming to capture small price movements. It utilizes fixed lot si
Trading robot ยท MT4
Shuriken FX
Shuriken FX is an automated trading robot for MetaTrader 4 that executes trades based on indicator-driven signals, visualized as arrows on the chart.
GitHub stars1
Forks0
Last update3 years ago4 May 2023
LicenceNone stated
Overview
The expert advisor implements basic trade management using fixed lot sizing and mandatory stop loss and take profit levels. It supports both automatic and manual operation modes and provides user notifications via terminal alerts and email. The default parameters suggest a scalping approach with tight profit targets, though documentation in the repository is minimal and does not specify the exact underlying indicator logic.
- Arrow-based signal entry system
- Automatic and manual operation modes
- Integrated alert and email notifications
- Fixed lot sizing with stop loss and take profit
Details
Author
DayiCuellar on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping
Markets
Any symbol
Timeframes
M1-M5, M15-H1
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
Input parameters
Read from SHURIKEN FX.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Parametros_Operaciones | string | --------------------- Parametros_Operaciones | |
PIPS_SL | double | 15 | |
PIPS_TP | double | 5 | |
LOT | double | 0.01 | |
num_mag | int | 0 | |
Parametros_Indicador | string | --------------------- Parametros_Indicador | |
SignalPeriod | int | 12 | |
ArrowPeriod | int | 2 | |
SL_pips | int | 100 | |
AlertON | bool | true | |
Email | bool | true |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone DayiCuellar/SHURIKEN-FX 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.
Similar expert advisors
This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
Conservative Scalper EA is a MetaTrader 4 robot designed for intraday scalping on major currency pairs such as EURUSD, GBPUSD, and USDJPY. It determines market bias on the M15 timeframe using dual Exponential Moving Averages and enters trades on the M5 chart based on RSI levels and candle breakouts. The system prioriti
This MetaTrader 4 expert advisor is designed for gold scalping using a combination of Relative Strength Index and Exponential Moving Average indicators. It identifies entry points when momentum reaches specific overbought or oversold thresholds while considering moving average trends. The system manages risk through fi
Three Bar Play EA is a MetaTrader 4 robot designed for scalping based on three-bar price action patterns, specifically confirmations and reversals. The system manages risk by limiting execution to three trades per day and calculating position sizes based on a 2% account balance risk model. Upon identifying a setup, it
Wealth Protector is a MetaTrader 4 expert advisor designed for automated trading using technical indicators. It combines price envelopes and ZigZag parameters to determine market entries and exits. While described by the author as a scalping tool, it is specifically configured for use on the daily timeframe. The system
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers