Ubot: Free MT4 Expert Advisor

Overview

Ubot incorporates specific strategy patterns such as Sharkfin and Squeeze logic, likely based on the included Traders Dynamic Index library. The EA features comprehensive trade management including trailing profits, break-even logic, and a multi-stage scaling mechanism to increase position size as profits grow. It provides a graphical dashboard for monitoring and allows users to configure fixed lot sizes and protective stop loss levels.

Traders Dynamic Index integration

Multi-stage position scaling

Sharkfin and squeeze entry logic

On-chart graphical dashboard

Trailing profit and break-even controls

Details

Author

techteam92 on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Breakout, 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

Experts/Ubot.mq4

Source

github.com/techteam92/MQL4

Input Parameters

Read from Ubot.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`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
`InpSecondScaleStopLoss`	`int`	`500`
`InpThirdScaleStopLoss`	`int`	`500`
`InpAllowBreakEven`	`bool`	`true`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone techteam92/MQL4 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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