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
The Strat MT4 EA
The Strat MT4 EA is an experimental automated trading system designed for MetaTrader 4 based on The Strat price action framework.
GitHub stars6
Forks0
Last update5 years ago23 Jun 2021
LicenceNone stated
Overview
The Strat MT4 EA utilizes candle classifications, specifically types 1, 2, and 3, to identify potential market reversals and continuations. The robot features flexible money management, allowing users to define risk as a percentage of equity or a fixed monetary amount. Position sizing is dynamically adjusted using ATR calculations. The EA targets a specific pip profit for exits, though the README is missing.
- The Strat candle pattern identification
- ATR based dynamic position sizing
- Equity or balance based risk management
- Configurable pip based profit targets
Details
Author
schatekar on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
SMC / ICT / price action
Markets
Any symbol
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 the-strat.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lots | double | 0.01 | Basic lot size |
MM | bool | true | If true - Parabolic SAR based risk sizing |
ATR_Period | int | 20 | |
ATR_Multiplier | double | 1 | |
Risk | double | 2 | Risk tolerance in percentage points |
FixedBalance | double | 0 | If greater than 0, position size calculator will use it instead of actual account balance. |
MoneyRisk | double | 0 | Risk tolerance in base currency |
UseMoneyInsteadOfPercentage | bool | false | |
UseEquityInsteadOfBalance | bool | true | |
LotDigits | int | 2 | How many digits after dot supported in lot size. For example, 2 for 0.01, 1 for 0.1, 3 for 0.001, etc. |
OrderCommentary | string | The-Strat | |
Slippage | int | 2 | Tolerated slippage in brokers' pips |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Magic | int | 18911040 | Order magic number |
Profit | int | 4 | Profit in number of pips |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone schatekar/the-strat-mt4-ea 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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