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
SuperMao Trading Robot
SuperMao is an automated trading robot for MetaTrader 4 that executes trades based on technical indicator configurations.
GitHub stars45
Forks14
Last update6 years ago27 Jun 2020
LicenceNone stated
Overview
The repository includes variations of the strategy, specifically utilizing Ichimoku Kinko Hyo for trend identification and a combination of Bollinger Bands with MACD crossovers for momentum-based entries. It manages risk by enforcing a one-position limit per symbol for each timeframe. The expert advisor includes parameters for lot sizing, stop loss, and take profit, featuring a setting to continuously update these exit levels during active trades. Multiple versions are provided, including an HFT variant.
- Ichimoku Kinko Hyo trend logic
- Bollinger Band and MACD crossover entries
- Continuous update of exit levels
- Single position per timeframe limit
Details
Author
tanvird3 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover
Markets
Forex
Timeframes
M1-M5, M15-H1, H4 and above
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.
Topics
forex-tradingforex-predictionforex-bot
Input parameters
Read from SuperMaoIchiMoku.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MySymbol | string | NULL | provide the symbol |
MyTimeFrame | ENUM_TIMEFRAMES | PERIOD_CURRENT | For per minute, hour or monthly |
MyPrice | ENUM_APPLIED_PRICE | PRICE_CLOSE | what price do we want to consider |
LotSize | double | 0.10 | the lot size we wish to trade |
TenKanSen | int | 9 | |
KijunSen | int | 26 | |
SenKouSpanB | int | 52 | |
TakeProfit | int | 5 | |
StopLoss | int | .2 | |
ContUpdate | string | Yes | Should TP & SL Keep Updating Continuously |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone tanvird3/TradingRobot 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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