This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
Trading robot · MT4
Telegram Price Level Trader
This MetaTrader 4 expert advisor executes trades based on a specific price level and provides real-time monitoring via Telegram.
GitHub stars1
Forks0
Last update1 year ago22 Aug 2025
LicenceNone stated
Overview
The EA sets a trade at a user-defined entry price for a specific symbol, such as indices or forex pairs. It features automated entry when the price reaches the target level and closes the position when the price returns to the entry point. The system includes a cooldown period to prevent rapid re-triggering and sends status updates and notifications to a linked Telegram chat. Manual price input is required.
- Real-time price monitoring and Telegram alerts
- Automatic trade execution at specified levels
- Configurable cooldown period between trades
- Integrated spread buffer for order execution
Details
Author
Vasylskakun on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion
Markets
Indices, Forex
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from MT4Bot.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TelegramToken | string | 8173322909:AAHfoXo0vCJGw1yEZxtsZ6x48yfKzyQN_wU | Telegram Bot Token |
ChatID | string | 8052074250 | Telegram Chat ID |
EntryPrice | double | 5630.10 | Entry Price |
LotSize | double | 1.5 | Lot Size |
CooldownSeconds | int | 3 | Cooldown Period (seconds) |
SymbolName | string | .US500Cash | Trading Symbol |
UpdateSeconds | int | 30 | Status update frequency in seconds |
SpreadBuffer | double | 0.5 | Additional buffer for spread (in points) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Vasylskakun/tg-bot-trading 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.
Similar expert advisors
This expert advisor for MetaTrader 4 focuses on gold trading using daily price extremes and moving averages. It calculates the 7-day Simple Moving Average and identifies the highest price points from the previous five trading days to determine market direction. The EA executes its logic on a five-second timer interval
Spike Trader is a price action robot for MetaTrader 4 and 5 that identifies price spikes to trade market reversals. It monitors candle highs or lows relative to preceding bars and requires a specific percentage price jump and candle close position to trigger an entry. The EA enters trades in the opposite direction of t
This MetaTrader 4 expert advisor operates two concurrent strategy groups based on technical indicators. It primarily utilizes Bollinger Bands and Envelopes to identify market entries for automated trading. The robot employs a position scaling approach, using lot multipliers and fixed-distance grid additions to manage t
Heiken Ashi Naive is a trading robot for MetaTrader 4 and 5 that executes trades based on Heiken Ashi candle characteristics, including body length and wick presence. It evaluates candle sequences to enter positions and can be configured to either follow the trend or operate in an inverted mode for mean-reversion. Risk
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
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers