Mad Pound Profits is a MetaTrader 4 expert advisor that automates trading based on structural breakouts and price action. The system utilizes time-specific analysis windows throughout the day to identify entry opportunities. It incorporates technical elements such as Fibonacci levels, momentum indicators, and mean reve
Trading robot · MT4
Vela Martillo
Vela Martillo is a MetaTrader 4 expert advisor that identifies hammer and shooting star candlestick patterns through price action analysis.
GitHub stars1
Forks1
Last update4 years ago8 Mar 2022
LicenceNone stated
Overview
Vela Martillo evaluates the ratio of candle wicks to the total range using a configurable spike percentage threshold. The robot monitors new bar formations to detect potential reversals and filters signals based on a minimum candle range. The current implementation identifies entry signals for buy and sell opportunities but lacks integrated trade execution or risk management in the provided source. The repository contains no documentation.
- Hammer and shooting star pattern detection
- Configurable wick percentage threshold
- Minimum candle range filter
- Price action based signal logging
Details
Author
rrg890 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
SMC / ICT / price action
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from Martillo.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
porc_spike | double | 0.7 | |
min_distancia | int | 0 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone rrg890/velasmartillo 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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