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
Triple EMA Stochastic EA
This MetaTrader 4 expert advisor implements a trend-following strategy based on three exponential moving averages and the Stochastic oscillator.
GitHub stars5
Forks1
Last update5 years ago11 Mar 2021
LicenceNone stated
Overview
Triple EMA Stochastic EA identifies trade opportunities when two shorter-period EMAs sequentially cross a longer-period EMA. Positions are managed with fixed stop loss and take profit levels, with an optional exit trigger when the Stochastic %D line crosses specific threshold levels. The robot supports both fixed lot sizes and risk-based position sizing calculated from account free margin to control drawdown.
- Sequential EMA crossover entry logic
- Stochastic %D threshold exit trigger
- Risk-based dynamic lot calculation
- Adjustable indicator periods and shifts
Details
Author
juliach98 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Trend following
Markets
Any symbol
Timeframes
M15-H1
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 3EMA+stoch.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
stoploss | int | 75 | |
takeprofit | int | 225 | |
lot | double | 0.1 | lot size |
magic_num | int | 68405 | identifying (magic) number of order |
MA1_period | int | 3 | |
MA1_shift | int | 0 | |
MA2_period | int | 18 | |
MA2_shift | int | 0 | |
MA3_period | int | 75 | |
MA3_shift | int | 0 | |
close_at_stoch | bool | true | |
stoch_param1 | int | 12 | Period of the %K line |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
stoch_param2 | int | 9 | Period of the %D line |
stoch_param3 | int | 5 | Slowing value |
max_risk | double | 0.03 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone juliach98/Forex-Expert-Advisor 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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