Each EA follows a standardized template for risk management, including user-defined stop loss and take profit ranges, fixed or percentage-based position sizing, and maximum lot limits. The tools provide extensive control over trading windows, allowing users to restrict signals to specific hours or exit positions at the end of the day or week. The repository lacks detailed documentation for the specific entry logic of each file.
Percentage-based or fixed money risk management
Maximum daily trade count restrictions
Customizable trading time ranges and session exits
Read from Strategy 50.20.mq4. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
__s2
string
----- SL/PT Parameters ----------------------
MinimumSLPT
double
30
MaximumSLPT
double
300
__s6
string
----- Money Management Parameters -----------
UseMoneyManagement
bool
false
Lots
double
0.1
LotsDecimals
int
2
RiskInPercent
double
2.0
MaximumLots
double
0.5
UseFixedMoney
bool
false
RiskInMoney
double
100.0
__s7
string
----- Trading Logic Settings ----------------
Show all 39 inputs
Name
Type
Default
Description
MaxTradesPerDay
int
5
0 means unlimited
LimitSignalsToRange
bool
false
TimeRangeFrom
string
09:00
TimeRangeTo
string
16:00
ExitAtEndOfRange
bool
true
ExitAtEndOfDay
bool
false
ExitTimeEOD
string
00:00
ExitOnFriday
bool
false
ExitTimeOnFriday
string
00:00
OpenBarDelay
int
0
open bar delay in minutes
ModifyInsteadOfReplacing
bool
true
TradeLong
bool
true
TradeShort
bool
true
__s8
string
----- Trading Date Parameters ---------------
TradeSunday
bool
true
TradeMonday
bool
true
TradeTuesday
bool
true
TradeWednesday
bool
true
TradeThursday
bool
true
TradeFriday
bool
true
TradeSaturday
bool
true
__s9
string
----- Other Parameters ----------------------
MaxSlippage
int
3
CustomComment
string
Strategy 50.20
MagicNumber
int
12345
EmailNotificationOnTrade
bool
false
DisplayInfoPanel
bool
true
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone jatinpruthvi/mql4 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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