This MetaTrader 4 expert advisor focuses on Gold trading using institutional pivot point levels and fractal-based support and resistance zones. The robot filters entries through a combination of RSI, MACD, and moving average alignment, supplemented by a trade quality scoring system. It includes comprehensive risk contr
Trading robot · MT4
Stochastic EA
This MetaTrader 4 expert advisor automates trading using Stochastic Oscillator signals.
GitHub stars3
Forks2
Last update6 years ago12 Jan 2020
LicenceNone stated
Overview
Stochastic EA allows for the confluence of up to three separate Stochastic indicators, potentially across different timeframes, to determine entry points. Trades are triggered by line crossovers or when the indicator reaches user-defined overbought and oversold thresholds. The EA incorporates basic risk management with fixed stop loss and take profit parameters. It also includes filters for maximum spread and slippage. The codebase is the primary source of information as there is no provided documentation.
- Three-layer Stochastic signal confluence
- Configurable overbought and oversold levels
- Multi-timeframe indicator analysis
- Spread and slippage protection filters
Details
Author
cicekozkan on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Mean reversion
Markets
Any symbol
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.
EA files
Input parameters
Read from S.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
print_signals | bool | false | Print Stochastic Oscillator Signals |
lot_to_open | double | 1.0 | Lot to open |
slippage | int | 9 | Maximum price slippage for buy or sell orders |
stop_loss_pips | double | 4.0 | Stop loss pips |
take_profit_pips | double | 6.0 | Take profit pips |
max_spread | double | 2.0 | |
use_two_signals | bool | true | use two signals? |
use_three_signals | bool | true | use three signals? |
k_period | int | 5 | %K |
d_period | int | 3 | %D |
slowing | int | 3 | Slowing |
averaging_method | ENUM_MA_METHOD | MODE_SMA | SO averaging method |
Show all 34 inputs
| Name | Type | Default | Description |
|---|---|---|---|
price_field_selected | price_field | low_high | SO price field |
low_threshold | double | 20.0 | alt sınır |
high_threshold | double | 80.0 | üst sınır |
offset | int | 0 | SO offset |
k_period_2 | int | 5 | %K2 |
d_period_2 | int | 3 | %D2 |
slowing_2 | int | 3 | Slowing2 |
averaging_method_2 | ENUM_MA_METHOD | MODE_SMA | SO averaging method2 |
price_field_selected_2 | price_field | low_high | SO price field2 |
low_threshold_2 | double | 20.0 | alt sınır2 |
high_threshold_2 | double | 80.0 | üst sınır2 |
offset_2 | int | 0 | SO offset2 |
time_frame_2 | time_frame | — | time frame 2 |
k_period_3 | int | 5 | %K3 |
d_period_3 | int | 3 | %D3 |
slowing_3 | int | 3 | Slowing3 |
averaging_method_3 | ENUM_MA_METHOD | MODE_SMA | SO averaging method3 |
price_field_selected_3 | price_field | low_high | SO price field3 |
low_threshold_3 | double | 20.0 | alt sınır3 |
high_threshold_3 | double | 80.0 | üst sınır3 |
offset_3 | int | 0 | SO offset3 |
time_frame_3 | time_frame | — | time frame 3 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone cicekozkan/Stochastic_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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