by 
Heiken Ashi Naive is a trading robot for MetaTrader 4 and 5 that executes trades based on Heiken Ashi candle characteristics, including body length and wick presence. It evaluates candle sequences to enter positions and can be configured to either follow the trend or operate in an inverted mode for mean-reversion. Risk
Trading robot · MT4
Ubot
Ubot is an automated trading system for MetaTrader 4 that utilizes the Traders Dynamic Index (TDI) indicator to execute market entries.
GitHub stars15
Forks2
Last update2 years ago14 Oct 2023
LicenceCustom licence
Overview
Ubot identifies specific technical patterns described as sharkfin and squeeze setups to determine trend direction and volatility. The expert advisor features advanced trade management tools, including automated trailing stops, break-even logic, and a multi-stage position scaling system. Risk is controlled via hard stop losses and take profit levels. Additionally, the EA provides an on-chart dashboard for real-time monitoring of trade status and account metrics.
- Traders Dynamic Index (TDI) signal integration
- Sharkfin and squeeze pattern detection
- Multi-stage position scaling logic
- Automated trailing stop and break-even
- Integrated on-chart status dashboard
Details
Author
kudzaiprichard on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Mean reversion
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
Topics
botmql4mt4object-oriented-programmingprogrammingtradingtrading-algorithmstrading-bot
Input parameters
Read from Ubot.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpTakeProfit | int | 0 | |
InpStopLoss | int | 900 | |
InpLotSize | double | 0.01 | |
InpPositions | int | 1 | |
InpTrailProfit | int | 170 | |
InpSharkfinStopLoss | int | 900 | |
InpScaleOnProfit | double | 0.5 | |
InpFirstScalePositions | int | 2 | |
InpSecondScalePositions | int | 1 | |
InpThirdScalePositions | int | 1 | |
InpScaleTakeProfit | int | 2000 | |
InpFirstScaleStopLoss | int | 500 |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpSecondScaleStopLoss | int | 500 | |
InpThirdScaleStopLoss | int | 500 | |
InpAllowBreakEven | bool | true |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone kudzaiprichard/ubot-mt4 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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