This expert advisor for MetaTrader 4 focuses on gold trading using daily price extremes and moving averages. It calculates the 7-day Simple Moving Average and identifies the highest price points from the previous five trading days to determine market direction. The EA executes its logic on a five-second timer interval
Trading robot · MT4
Trading Central Robot
Trading Central Robot is a MetaTrader 4 expert advisor designed to automate trades based on technical levels, likely sourced from external analysis tools.
GitHub stars1
Forks0
Last update3 years ago26 Apr 2023
LicenceNone stated
Overview
The EA scans chart objects to identify pivot, support, and resistance points. When new levels are detected, it enters a trade in the identified direction with a fixed lot size. It uses the pivot point as a dynamic stop loss and the first support or resistance level as the take profit. The implementation is lightweight with minimal documentation and simple debug logging.
- Automated trading based on pivot levels
- Dynamic stop loss at pivot point
- Take profit targeting R1 or S1 levels
- External indicator object integration
Details
Author
jeremethods on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Breakout
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 TC EA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
lot0 | double | 0.10 | Lot size |
logs | bool | false | Print debug logs |
magic | int | 56432 | Magic number |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone jeremethods/Trading-Central-robot 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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