Trading robot · MT5

Traderbot 4K

by chefDroid

Traderbot 4K is an automated Expert Advisor for MetaTrader 5 that utilizes a strategy based on market equilibrium and price action concepts.

GitHub stars2
Forks0
Last update9 months ago16 Jan 2026
LicenceNone stated

Overview

Traderbot 4K features an equity-based kill switch that automatically closes positions when a pre-defined profit percentage of the account balance is reached. The system incorporates risk management parameters including fixed stop losses, maximum simultaneous trade limits, and lot size boundaries. While the repository mentions integration with Python and webhooks, the provided MQL5 code focuses on technical analysis and trade execution. The developer notes that the logic includes experimental inverse trading elements.

Details

Author

chefDroid on GitHub

Type

Trading robot

Markets

Any symbol

Timeframes

M15-H1

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.

Input Parameters

Read from Testerbot.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
EquityClosePctdouble3.488Close trade if profit % of balance
StopLossPipsint60Fixed SL
MaxTradesint20Max simultaneous trades
MinLotdouble0.05
MaxLotdouble1.00

How to Install It

  1. 1Download the sourceUse "Download source (.zip)" above, or clone chefDroid/TRADERBOT4K from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  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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