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 Snake HMA
A trend-following robot for MetaTrader 4 that utilizes dual Hull Moving Average (HMA) indicators and Heiken Ashi candle analysis to identify market direction.
GitHub stars1
Forks1
Last update10 years ago31 Mar 2016
LicenceNone stated
Overview
The expert advisor enters trades based on price patterns and candle color sequences, confirmed by HMA trend periods. Risk management features include fixed stop loss and take profit levels, alongside a trailing stop mechanism that activates once a minimum profit threshold is met. The provided README is minimal, requiring users to rely on the source code for configuration.
- Dual Hull Moving Average trend filtering
- Heiken Ashi candle color analysis
- Trailing stop with minimum profit threshold
- Customizable take profit and stop loss levels
- Order identification via magic numbers
Details
Author
thabelo on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover
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 HMATrendMasterEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
tp | double | 1000 | |
sl | double | 200 | |
_______Indicators______ | string | — | |
HMA_Period1 | int | 21 | |
HMA_Period2 | int | 150 | |
HMA_Mode | int | 3 | |
trailingStopOn | bool | true | |
trailingStopOffSet | double | 100 | |
minProfit | double | 1.00 | |
buffer_size | int | 3 | |
tradeCount | int | 3 | |
Magic | int | 2016 | Order magic number |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Slippage | int | 100 | in pips |
OrderCommentary | string | TABS |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone thabelo/trendsnake 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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