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 indicator filters.
GitHub stars1
Forks0
Last update2 years ago24 Jan 2024
LicenceNone stated
Overview
Simple Trend Reversal EA identifies potential entry points using ZigZag, MBFX, and SMA indicators, specifically targeting reversals or pinbars at key support and resistance levels. The software includes a multi-pair dashboard for monitoring several markets simultaneously from a single chart. Risk controls include mandatory stop losses, hidden trailing stops, and a news filter to pause trading during high-volatility events. Money management settings allow for fixed lot sizes or risk based on a percentage of account equity.
- Multi-pair monitoring dashboard with real-time stats
- Integrated FFCal news filter support
- Support and resistance price action filtering
- SMA and ZigZag trend confirmation modules
- Dynamic money management for fixed or percentage risk
Details
Author
rosty-git on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Mean reversion, SMC / ICT / price action
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 rosty-git/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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