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Mad Pound Profits is a MetaTrader 4 expert advisor that automates trading based on structural breakouts and price action. The system utilizes time-specific analysis windows throughout the day to identify entry opportunities. It incorporates technical elements such as Fibonacci levels, momentum indicators, and mean reve
Trading robot · MT4
Supply Demand Trader
This MetaTrader 4 robot automates a supply and demand strategy by identifying price pivots within a specific historical window.
GitHub stars4
Forks0
Last update4 years ago17 Aug 2022
LicenceNone stated
Overview
Supply Demand Trader analyzes candle structures to detect significant price moves and structural clearance for potential entries. The expert advisor manages risk by allowing users to set a fixed dollar amount per trade, calculating position sizes relative to a pip-based stop loss. It targets exits based on a fixed reward-to-risk ratio. While the code includes specific parameters for candle counts and minimum distances, the repository lacks detailed documentation.
- Automated supply and demand zone detection
- Fixed dollar risk per trade management
- Variable candle analysis window settings
- Automatic take profit calculation based on reward ratio
- Left-side structural clearance filters
Details
Author
iamshakibulislam on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
SMC / ICT / price action
Markets
Forex
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 supply_demand_trader.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
stop_loss | double | 10 | stop loss(pip) |
risk_amount | double | 10 | risk amount in usd |
riskreward | double | 2 | reward to risk ratio |
candle_to_analyze | int | 250 | candle to analyze |
pip_distance_from_current_price | double | 40 | pip distance from current price |
move_count_of_nth_candle | int | 5 | from pivot to nth candle push |
minimum_left_side_candle | int | 15 | minimum left side candle from pivot |
minimum_left_side_distance_pip | double | 30 | minimum left side pip distance |
five_digit_broker | bool | true | is five digit broker |
min_move_distance | int | 5 | minimum move distance in pips from pivot |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone iamshakibulislam/supply-demand-auto-forex-trading-bot 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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