Susu Engulf is a MetaTrader 4 expert advisor that automates trading based on engulfing candlestick patterns and technical indicators. It 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 managemen
Trading robot · MT4 · MT5
Tip Top AI
Tip Top AI is a price action robot for MetaTrader 4 and MetaTrader 5 that uses a proprietary candle tail length algorithm to identify market entries.
High risk
GitHub stars1
Forks0
Last update2 years ago7 Nov 2023
LicenceNone stated
Latest release1.1.22 years ago
Overview
The strategy calculates the average size of historical bars and monitors current candles for specific wick-to-body ratios. It enters trades when wicks exceed the body size by a set multiplier, utilizing either market or pending orders. The EA manages risk through maximum order counts per candle and direction, alongside a dollar-based take profit and smart closing logic. It lacks a traditional fixed stop loss input.
- Tail length analysis algorithm
- Wick-to-body ratio signal detection
- Multi-timeframe candle data processing
- Smart closing and basket profit management
Details
Author
sournk on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action, Grid, Hedging
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
Input parameters
Read from EA_tip_top_217_Ray_V5.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EAComment | string | EA tip top | EA Comment |
MagicNumber | int | 123 | Magic Number |
Slippage | int | 3 | Slippage |
s_ | string | ====== New Settings ====== | |
UseSmartClosing | bool | false | |
StartClosingOrders | int | 5 | |
MinProfit | double | 1 | |
Activate_Modification | bool | true | |
s | string | Candle settings | |
M1_Candle | int | 1 | |
UseM1 | bool | true | |
M5_Candle | int | 1 |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
UseM5 | bool | true | |
M15_Candle | int | 1 | |
UseM15 | bool | true | |
M30_Candle | int | 1 | |
UseM30 | bool | true | |
H1_Candle | int | 1 | |
UseH1 | bool | true | |
H4_Candle | int | 1 | |
UseH4 | bool | true | |
D1_Candle | int | 1 | |
UseD1 | bool | true | |
W1_Candle | int | 1 | |
UseW1 | bool | true | |
MN1_Candle | int | 1 | |
UseMN1 | bool | true | |
TimeFrame | ENUM_TIMEFRAMES | PERIOD_H1 | Time Frame |
Direc | trade | 0 | Trade Direction |
oldentr | bool | 0 | Use Old entry method |
newentr | bool | 1 | Use New entry method |
Pending | PO | 0 | Type of Pending |
dist | double | 10 | X pips for pending orders |
______________________ | string | - | ________Trade Parameters |
Lot | double | 0.01 | Lot Size(1000 to 20001) |
Lot2 | double | 0.02 | Lot Size(20001 to 40001) |
Exit1 | bool | 1 | Exit method 1 |
TakeProfit | double | 1 | Take Profit (in $) |
Exit2 | bool | 1 | Exit method 2 |
Exit3 | bool | 1 | New Exit method |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone sournk/Tip-Top-AI-MT5-Bot from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .mq5 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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