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
Simple System MQL4
This MetaTrader 4 expert advisor executes trades based on price movement relative to a specific daily start hour.
GitHub stars2
Forks1
Last update7 years ago11 Jan 2019
LicenceNone stated
Overview
Simple System MQL4 functions by comparing current prices to historical hourly opens, seeking specific pip deviations to trigger entries. The EA includes risk management features such as fixed lot sizing, hard stop loss, take profit, and an optional trailing stop. Users can also enable a Moving Average filter to ensure trades align with the long-term trend. The repository provides an educational implementation of a basic algorithmic trading strategy.
- Time-of-day entry logic
- Moving average trend confirmation filter
- Automated trailing stop loss management
- Configurable pip deviation limits
Details
Author
jnietosa on GitHub
Type
Trading robot
Platform
Strategy
Markets
Forex
Timeframes
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.
Input Parameters
Read from SimpleSystem v9.0.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
StartHour | int | 9 | |
MinPipLimit | int | 0 | |
TakeProfit | int | 40 | |
StopLoss | int | 40 | |
Lots | double | 1 | |
UseMAFilter | bool | false | |
MA_Period | int | 100 | |
Magic | int | 59789101 | |
ECNExecution | bool | false | |
UseTrailingSL | bool | false | |
TrailValue | int | 40 | |
AutoAdjustTo5Digits | bool | false |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone jnietosa/algorithmic_trading 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, and any .mqh files into the Include folder the code expects.
- 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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