by 
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
Ultima
Ultima is a trend-following expert advisor for MetaTrader 4 that utilizes moving average crossovers and the Average Directional Index to identify market momentum.
High risk
GitHub stars1
Forks0
Last update6 years ago12 Aug 2020
LicenceNone stated
Overview
Generated via a template builder, it monitors the relationship between multiple exponential moving averages and a long-term simple moving average. The EA includes risk management features such as a trailing stop, break-even logic, and a partial close function that exits half of the position at a set target. While it supports risk-based sizing, the primary stop loss is disabled by default and the repository lacks a README file.
- Moving average crossover entry logic
- ADX trend momentum filter
- Partial trade closure at profit targets
- Configurable risk-based position sizing
Details
Author
thevictorwhyte on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover, Martingale
Markets
Forex
Timeframes
H4 and above
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Trades without a fixed stop loss
EA files
Input parameters
Read from Ultima_v3.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 12345 | |
SignalMail | bool | False | |
Lots | double | 1.0 | |
Slippage | int | 3 | |
UseStopLoss | bool | False | |
StopLoss | int | 20 | |
UseTakeProfit | bool | False | |
TakeProfit | int | 0 | |
FirstTakeProfit | int | 50 | |
UseTrailingStop | bool | False | |
TrailingStop | int | 20 | |
TimeFrame | int | 240 |
Show all 17 inputs
| Name | Type | Default | Description |
|---|---|---|---|
ADXPeriod | int | 14 | |
MinimumADX | double | 25.0 | |
BreakEven | int | 3 | |
isSizingOn | bool | false | |
Risk | double | 3 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone thevictorwhyte/ultima 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.
Similar expert advisors
The Falcon is a MetaTrader 4 expert advisor designed for automated trading using a combination of moving averages and Keltner Channels. It utilizes trend-following logic for entries and incorporates advanced position sizing features, including percentage-based risk, adaptive volatility sizing, and margin-per-lot constr
EA HiLo is an automated trading robot for MetaTrader 4 that utilizes the HiLo Activator indicator for signal generation. It executes buy orders when the price closes above the indicator and sell orders when it closes below. The system includes a directional filter based on a moving average to confirm market trends befo
The Belinda Sizing EA is a MetaTrader 4 expert advisor that executes a trend-following strategy based on Simple Moving Average crossovers. It uses a volatility filter comparing current Average True Range values against historical data to confirm market conditions before entry. Trades are managed with a hard stop loss a
This MetaTrader 4 expert advisor executes a trend-following strategy based on simple moving average crossovers. It enters trades when a short-term SMA crosses a long-term SMA, provided a volatility filter using the Average True Range is met. The system includes automated exit logic via opposite crossovers, a hard stop
Belinda Sizing is an automated trading robot for MetaTrader 4 that utilizes a dual moving average crossover strategy combined with a volatility filter. It enters trades when a short-period simple moving average crosses a long-period moving average, provided that current volatility measured via the Average True Range is
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers