This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
Trading robot · MT4
Triple MTF Stochastic
This expert advisor for MetaTrader 4 implements a triple multi-timeframe strategy based on stochastic oscillators.
GitHub stars1
Forks0
Last update9 years ago17 Feb 2017
LicenceNone stated
Overview
Triple MTF Stochastic seeks trade entries by identifying overbought and oversold conditions across multiple timeframes simultaneously, entering when momentum appears to shift. The robot manages risk through user-defined stop loss and take profit levels, along with a percentage-based lot sizing model. It requires external custom indicators and a specific library to function correctly. The repository documentation is minimal, consisting only of the source code and a placeholder README.
- Triple multi-timeframe analysis
- Stochastic oscillator entry logic
- Percentage-based risk management
- Configurable trade direction
Details
Author
MTIFX on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion
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.
EA files
Source
Input parameters
Read from 3MTF.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Direction | bool | 0 | |
stopLoss | double | 50 | |
TakeProfit | double | 150 | |
riskPercent | double | 1 | |
MaxOrders | int | 0 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone MTIFX/Quant 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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