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
Trend Follow MA Crossover
This MetaTrader 4 expert advisor implements a trend-following strategy based on a dual Exponential Moving Average crossover.
GitHub stars1
Forks0
Last update2 years ago25 Nov 2023
LicenceNone stated
Overview
Trend Follow MA Crossover is designed for higher timeframes such as H1, H4, and Daily charts. The robot manages trade entries via the crossover and exits positions using a combination of a fixed take profit and a trailing stop loss, both calculated using the Average True Range indicator. It includes automated lot sizing based on a user-defined percentage risk per trade. Notably, the code is not compatible with JPY-denominated deposit accounts.
- ATR-based trailing stop loss and take profit
- Percent-based risk per trade lot sizing
- Dual EMA crossover entry logic
- Automated slippage normalization for different broker digits
- Minimum ATR filter to prevent low volatility entries
Details
Author
Ee-Hsin 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.
Input parameters
Read from Trend_Follow_Ma_Crossover_robot.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
smallEmaPeriod | int | 20 | |
bigEmaPeriod | int | 40 | |
stopLossEmaPeriod | int | 50 | |
riskPerTrade | double | 0.02 | 0.02 corresponds to a 2% risk per trade. |
tradingTimeFrame | int | 240 | 1 corresponds to 1 minute, so this 240 is Every 4 Hours. |
stopLossDistanceInAtr | double | 3 | |
tpDistanceInAtr | double | 8 | |
atrPeriod | int | 14 | |
minAtrInPips | int | 5 | |
Slippage | double | 3 | Put the allowed Slippage in pips. |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Ee-Hsin/trading-robot-1 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, and any .mqh files into the Include folder the code expects.
- 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.
Similar expert advisors
SuperMao is an automated trading robot for MetaTrader 4 that executes trades based on technical indicator configurations. The repository includes variations of the strategy, specifically utilizing Ichimoku Kinko Hyo for trend identification and a combination of Bollinger Bands with MACD crossovers for momentum-based en
This MetaTrader 4 expert advisor is an automated trading system designed for technical analysis using trend and momentum indicators. It 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 percentag
This expert advisor for MetaTrader 4 automates trading using five Exponential Moving Average periods to determine market direction. The developer notes an integration between C# and MQL4 for its operation. It manages trades with fixed stop loss and take profit parameters, ensuring each position has defined risk boundar
Max Profit is a trend-following expert advisor for MetaTrader 4, specifically optimized for the M1 timeframe. It utilizes a combination of technical indicators, including Parabolic SAR and MACD, to identify market trends and execute trades. The software includes dedicated modules for lot management, symbol analysis, an
This MetaTrader 4 expert advisor implements a classic moving average crossover strategy to automate trade entries. The robot monitors two user-defined simple moving averages of different periods. It enters a trade when the faster moving average crosses above or below the slower moving average on a new bar. Risk managem
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers