Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
Trading robot · MT4
Suminsky EA
Suminsky EA is an automated trading tool for the MetaTrader 4 platform that utilizes a level-based execution strategy.
High risk Archived by its author
GitHub stars2
Forks1
Last update7 years ago23 Apr 2019
LicenceNone stated
Overview
The robot places orders within a specified price range, divided into multiple lines or levels to manage entries. It features risk management settings including fixed lot sizing, a take profit target, and an optional trailing stop mechanism with adjustable point and step increments. The EA is designed to manage up to a specific number of total orders simultaneously and supports hedging. The repository is minimal and lacks documentation regarding specific indicator triggers.
- Level-based range trading system
- Automated trailing stop logic
- Multiple concurrent order management
- Customizable lot sizing and take profit
Details
Author
zegitz on GitHub
Type
Trading robot
Platform
Markets
Any symbol
Timeframes
Any timeframe
Risk Profile
- Opens a grid of orders: exposure builds up in a trend
- Holds opposite positions at once
- Trades without a fixed stop loss
EA Files
Source
Input Parameters
Read from Suminsky.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Trailing | bool | false | |
Trail_Points | double | 10 | |
Trail_Step | double | 5 | |
Range | double | 3500 | |
Linhas | double | 35 | |
TakeProfit | double | 35 | |
CloseOnBid | bool | true | |
Lot | double | 0.01 | |
TotalOrders | int | 3 | |
MagicNumber | int | 12345 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone zegitz/mt4 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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