Tobiah Rex EA: Free MT4 Expert Advisor

Overview

Tobiah Rex EA incorporates multiple exponential and simple moving averages, RSI with integrated smoothing periods, and MACD. The EA manages risk through dynamic lot sizing based on account percentage and includes standard risk controls such as fixed stop loss and take profit levels. Notable trade management features include three distinct trailing stop modes—ATR, previous candle close, and standard pips—alongside a maximum open trade limit and an automated end-of-week close-out function.

Moving average and RSI indicator logic

Dynamic risk and fixed lot sizing

ATR-based trailing stop functionality

End-of-week automated exit timer

Details

Author

TobiahRex on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Indicator crossover, Trend following

Markets

Forex

Timeframes

M1-M5, M15-H1, H4 and above

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

09oct2016_EA.mq4

Topics

trading-botmql4metatraderdatascience

Source

github.com/TobiahRex/EA

Input parameters

Read from 09oct2016_EA.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`TradeSettings`	`string`	`===========================================`
`MaxOpenTrades`	`int`	`10`
`EndOfWeekCloseOut`	`ENUM_YESNO`	`YES`
`EOWCO_TIME`	`string`	`16:00`
`QuantitySettings`	`string`	`===========================================`
`QuantityMode`	`ENUM_QUANTITY`	`DYNAMIC`
`RiskPercent`	`double`	`1`
`QuantityStatic`	`int`	`1`
`StopLossSettings`	`string`	`===========================================`
`StopLossPips`	`int`	`50`
`TakeProfitSettings`	`string`	`===========================================`
`TakeProfitPips`	`int`	`100`

Show all 40 inputs

Name	Type	Default
`TrailStopSettings`	`string`	`===========================================`
`TrailStopATR`	`ENUM_ONOFF`	`true`
`TrailStopPreviousClose`	`ENUM_ONOFF`	`true`
`TrailStopStandard`	`ENUM_ONOFF`	`true`
`TrailStopSize`	`int`	`25`
`IndicatorSettings`	`string`	`===========================================`
`EMA_FAST`	`int`	`8`
`EMA_MED`	`int`	`21`
`EMA_SLOW`	`int`	`55`
`SMA_FAST`	`int`	`89`
`RSI_PERIOD`	`int`	`14`
`RSI_V1EMA_Period`	`int`	`21`
`RSI_V1EMA_Mode`	`ENUM_MA_METHOD`	`MODE_EMA`
`RSI_V2SMA_Period`	`int`	`89`
`RSI_V2SMA_Mode`	`ENUM_MA_METHOD`	`MODE_SMA`
`RSI_SMA_Period`	`int`	`55`
`RSI_SMA_Mode`	`ENUM_MA_METHOD`	`MODE_SMA`
`RSI_EMA1_Period`	`int`	`5`
`RSI_EMA1_Mode`	`ENUM_MA_METHOD`	`MODE_EMA`
`RSI_EMA2_Period`	`int`	`21`
`RSI_EMA2_Mode`	`ENUM_MA_METHOD`	`MODE_EMA`
`RSI_MOMO_V1`	`int`	`5`
`RSI_MOMO_V1_Mode`	`ENUM_MA_METHOD`	`MODE_EMA`
`RSI_MOMO_V2`	`int`	`34`
`RSI_MOMO_V2_Mode`	`ENUM_MA_METHOD`	`MODE_EMA`
`RSI_MOMO_SMA`	`int`	`34`
`RSI_MOMO_SMA_Mode`	`ENUM_MA_METHOD`	`MODE_SMA`
`MACD_V1`	`int`	`34`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone TobiahRex/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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