This risk management tool for MetaTrader 4 and 5 calculates optimal lot sizes based on user-defined risk parameters, account balance, and currency. It provides a graphical user interface for setting entry, stop loss, and take profit levels visually on the chart. The expert advisor accounts for commissions, swaps, and m
Utility · MT4
TradeRobot
TradeRobot is a manual trading panel for MetaTrader 4 that facilitates trade execution and order management.
GitHub stars1
Forks0
Last update6 years ago25 May 2020
LicenceNone stated
Overview
TradeRobot allows users to open buy and sell positions directly from the chart using graphical buttons. The utility incorporates essential risk management features, including fixed lot sizing, stop loss, take profit, and a break-even offset mechanism. Users can further control exposure by setting a maximum number of concurrent orders and a daily limit on the total number of trades. The user interface is customizable via input settings, though documentation for this EA is absent.
- Manual on-chart trading interface
- Automated break-even offset logic
- Maximum open order constraints
- Daily trading volume limit
Details
Author
Wrobless on GitHub
Type
Utility
Platform
MetaTrader 4 (MQL4)
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 Test.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
inpLot | double | 1.0 | Number of lots |
inpStopLoss | double | 1500.0 | Stop loss level |
inpTakeProfit | double | 4500.0 | Take profit level |
inpSlippage | int | 0 | Slippage value |
inpMaxNumberOfOrders | int | 2 | Maximum number of open orders |
inpBreakEvenOffset | int | 100 | BreakEven offset value |
inpLimit | int | 10 | Daily order limit |
inpButtonWidth | int | 80 | Button width |
inpButtonHeight | int | 30 | Button height |
inpButtonSpacing | int | 5 | Spaces between buttons |
inpBackgroundMargin | int | 10 | Background margin |
inpBackgroundPositionXOffset | int | -30 | Background position X offset |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
inpBackgroundPositionYOffset | int | -10 | Background position Y offset |
inpBackgroundBackColor | color | clrGray | Background color |
inpBackgroundBorder | ENUM_BORDER_TYPE | BORDER_FLAT | Border type |
inpBackgroundBorderColor | color | clrDarkGray | Flat border color (Flat) |
inpBackgroundStyle | ENUM_LINE_STYLE | STYLE_SOLID | Flat border style (Flat) |
inpBackgroundLineWidth | int | 3 | Flat border width (Flat) |
inpBackgroundHidden | bool | true | Hidden in the object list |
inpBackgroundZOrder | long | 0 | Priority for mouse click |
inpBuyText | string | BUY | Buy button text |
inpBuyFont | string | Arial | Buy button font |
inpBuyFontSize | int | 10 | Buy button font size |
inpBuyColor | color | clrWhiteSmoke | Buy button text color |
inpBuyBackColor | color | clrGreen | Buy button background color |
inpBuyBorderColor | color | clrNONE | Buy button border color |
inpBuyState | bool | false | Buy button pressed/Released |
inpBuyHidden | bool | true | Buy button hidden in the object list |
inpBuyZOrder | long | 0 | Buy button priority for mouse click |
inpSellText | string | SELL | Sell button text |
inpSellFont | string | Arial | Sell button font |
inpSellFontSize | int | 10 | Sell button font size |
inpSellColor | color | clrWhiteSmoke | Sell button text color |
inpSellBackColor | color | clrRed | Sell button background color |
inpSellBorderColor | color | clrNONE | Sell button border color |
inpSellState | bool | false | Sell button pressed/Released |
inpSellHidden | bool | true | Sell button hidden in the object list |
inpSellZOrder | long | 0 | Sell button priority for mouse click |
inpCloseText | string | CLOSE ALL | Close button text |
inpCloseFont | string | Arial | Close button font |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone Wrobless/TradeRobot 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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