This MetaTrader 4 expert advisor functions as a local trade copier, allowing users to replicate trades from one terminal to another. It operates by sharing a data file between a master and a slave instance on the same computer or filesystem. The slave EA manages order execution, including market, limit, and stop orders
Copier & bridge · MT4
Signal Manager
A MetaTrader 4 expert advisor designed to execute trades based on signals received from an external API.
GitHub stars1
Forks0
Last update1 year ago28 Nov 2024
LicenceNone stated
Overview
Signal Manager handles order placement for buy and sell signals, incorporating risk management features such as a pip-based stop loss and a take-profit target determined by a user-defined ratio. The EA limits market entry to two positions per candle to prevent over-trading and includes a trailing stop mechanism for active trade management. While the execution logic is local, the underlying market analysis is performed externally.
- External API signal integration
- Dynamic trailing stop management
- Multi-position candle entry limit
- Adjustable take-profit ratio
Details
Author
ali-derogar on GitHub
Type
Copier & bridge
Platform
MetaTrader 4 (MQL4)
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 signal_manager.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
lotSize | double | 0.05 | |
slippage | int | 5 | |
time_frame | int | PERIOD_M1 | |
stopLossPips | double | 50 | ? |
takeProfitRatio | double | 1 | نسبت حد سود به حد ضرر |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone ali-derogar/Trade 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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