This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
Trading Bot FX
Trading Bot FX is an automated expert advisor for MetaTrader 4 designed to trade twenty-seven currency pairs.
GitHub stars2
Forks2
Last update4 years ago31 Mar 2022
LicenceNone stated
Overview
Trading Bot FX implements a trend-following strategy using a customizable baseline moving average, such as LWMA or SMA, alongside the SSL Channel indicator to determine market direction. To filter entries, the robot utilizes the Chaikin Money Flow, Absolute Strength Histogram, and Damiani Volatmeter for volume and momentum confirmation. It manages the full trade lifecycle from entry to exit, featuring money management based on account equity percentage and ATR-derived volatility calculations.
- Configurable baseline moving average types
- SSL Channel and CMF signal integration
- Volatility filtering with Damiani Volatmeter
- Automated ATR-based risk management
Details
Author
dre10155 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover
Markets
Forex
Timeframes
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
Input parameters
Read from SSL.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
selectBaselineType | BaselineTypes | LWMA | |
Baseline_Period | int | 20 | |
cmfPeriod | int | 20 | |
maxRiskPrc | double | 0.02 | |
highRiskMode | bool | false | |
SSL_Period | int | 10 | |
ABS_MODE | int | 0 | |
length | int | 9 | |
smooth | int | 1 | |
signal | int | 4 | |
ATR_Days | int | 14 | |
viscosity | int | 7 |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
sedimentation | int | 50 | |
thresHold_lvl | double | 1.1 | |
magicNum | int | 1994 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone dre10155/TradingBotFX 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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