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
Trends Followers
Trends Followers is a MetaTrader 4 expert advisor that executes trades based on trend analysis, support and resistance levels, and news events.
High risk
GitHub stars1
Forks1
Last update4 years ago21 Jun 2022
LicenceMIT
Overview
The robot manages entries using a trend-following approach and allows users to set a minimum trade duration to avoid premature exits. It includes risk management controls to limit the number of open long or short positions. Additionally, the software features built-in Telegram integration for sending news updates and trade alerts. The EA was developed using the EABuilder platform and supports the forex market.
- Trend and news-based entry logic
- Support and resistance filtering
- Telegram and Discord alert integration
- Adjustable minimum trade duration
- Position limit risk controls
Details
Author
nguemechieu on GitHub
Type
Trading robot
Platform
Strategy
Markets
Forex
Timeframes
M15-H1
Risk Profile
- Uses martingale lot scaling: losses can grow fast
Input Parameters
Read from TrendsFollowers.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TradeDurationMinutes | int | 30 | minimum trade duration |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone nguemechieu/TrendsFollowers 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.
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