Trading robot · MT4

Susu Engulf

by Chongcharen

Susu Engulf is a MetaTrader 4 expert advisor that automates trading based on engulfing candlestick patterns and technical indicators.

High risk

GitHub stars1
Forks0
Last update9 years ago25 Sep 2017
LicenceNone stated

Overview

Susu Engulf utilizes a combination of MACD and five distinct moving averages to determine trend direction and entry points. The EA manages risk through a maximum order limit and a money management module that adjusts lot sizes relative to account equity. It scales into positions at specific intervals, creating a grid of orders to manage market movements. The strategy relies on a points-based profit target, and the README is missing.

Details

Author

Chongcharen on GitHub

Type

Trading robot

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

Input Parameters

Read from SUSU.mq4. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
lotStartdouble0.01
pointForProfitint100
moneyToupMMint3000
macdfloat5
maxOrderint15
useMMbooltrue
useStrengthboolfalse
barHighForTradeint25
yellowHieghint25
averageMAint100
maWhiteFarmaRedint50
magicNumberint1
Show all 17 inputs
NameTypeDefaultDescription
stepToTradeint0
diffMAYellowBlueint250
diffMABluePurpleint250
diffMAPurpleRedint250
diffMARedWhiteint250

How to Install It

  1. 1Download the sourceUse "Download source (.zip)" above, or clone Chongcharen/EA_SUSU_Engulf from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
  3. 3Copy the filesCopy the .mq4 file into Experts, and any .mqh files into the Include folder the code expects.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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