This MetaTrader 4 expert advisor implements a multi-strategy approach for trading various currency pairs and gold. It combines technical indicators including Moving Averages, RSI, Bollinger Bands, and ADX with price action concepts such as support, resistance, and engulfing patterns. The EA features risk management too
Trading robot · MT4
Simple Trend Reversal EA
This MetaTrader 4 expert advisor automates a trend reversal strategy based on price action patterns and technical indicators like ZigZag, MBFX, and Moving Averages.
GitHub stars1
Forks0
Last update3 years ago12 Jun 2023
LicenceNone stated
Overview
Simple Trend Reversal EA features a dashboard to monitor multiple pairs, identifying setups such as pin bars and trendline breaks near support and resistance levels. Trade management includes automated trailing stops, break-even logic, and a news filter to prevent trading during volatility. Risk controls allow for fixed lot sizes or equity-based scaling, supplemented by maximum spread and trade limits.
- Multi-pair interactive trading dashboard
- Automated news filter integration
- Support and resistance level filtering
- Flexible money management modules
- Visual profit and trade statistics panel
Details
Author
levimatther on GitHub
Type
Trading robot
Platform
Strategy
Trend following, Mean reversion, SMC / ICT / price action, Indicator crossover
Markets
Forex
Timeframes
Any timeframe
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 PinbarTrader.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
__chartTemplate | string | ------- Chart template ------------ | |
ChartTemplate | string | pinbartrader.tpl |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone levimatther/SimpleTrendReversalEA 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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