This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
Soup EA
This MetaTrader 4 expert advisor implements a trend-following strategy using a 50-period Exponential Moving Average on the one-minute timeframe.
GitHub stars1
Forks0
Last update4 years ago21 Jun 2022
LicenceNone stated
Overview
Soup EA places pending buy stop or sell stop orders at a configurable distance from the current price when specific spread conditions are met. The system manages risk using fixed stop loss and take profit levels for each position. It operates on a timer, checking for entry conditions once per minute. Documentation for this repository is not provided.
- EMA-based trend direction filtering
- Automated pending order placement
- Fixed stop loss and take profit protection
- Maximum spread entry filter
Details
Author
ArminKardan on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following
Markets
Any symbol
Timeframes
M1-M5
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 soup.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
distance | double | 3 | |
tp | double | 34 | |
sl | double | 4.0 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone ArminKardan/soup-ea 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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