XAUUSD Forex Trader: Free MT4 Expert Advisor

Overview

XAUUSD Forex Trader calculates the 7-day Simple Moving Average and identifies the highest price points from the previous five trading days to determine market direction. The EA executes its logic on a five-second timer interval rather than processing every price tick. Input parameters are primarily dedicated to tracking specific order ticket numbers for up to twenty positions. The documentation is minimal and the provided code lacks visible risk management controls like stop loss or take profit in the external inputs.

Symbol specific for XAUUSD

Weekly high price calculation

7-period Simple Moving Average filter

Timer-based execution logic

Details

Author

frkn2076 on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Mean reversion, Breakout

Markets

Gold

Timeframes

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

Trader.mq4

Source

github.com/frkn2076/XAUUSD-Forex

Input parameters

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

Name	Type	Default
`firstOrderTicketNumber`	`int`	`0`
`secondOrderTicketNumber`	`int`	`0`
`thirdOrderTicketNumber`	`int`	`0`
`fourthOrderTicketNumber`	`int`	`0`
`fifthOrderTicketNumber`	`int`	`0`
`sixthOrderTicketNumber`	`int`	`0`
`seventhOrderTicketNumber`	`int`	`0`
`eightthOrderTicketNumber`	`int`	`0`
`ninethOrderTicketNumber`	`int`	`0`
`tenthOrderTicketNumber`	`int`	`0`
`sellTicketNumber`	`int`	`0`
`sellTicketNumber2`	`int`	`0`

Show all 20 inputs

Name	Type	Default
`sellTicketNumber3`	`int`	`0`
`sellTicketNumber4`	`int`	`0`
`sellTicketNumber5`	`int`	`0`
`sellTicketNumber6`	`int`	`0`
`sellTicketNumber7`	`int`	`0`
`sellTicketNumber8`	`int`	`0`
`sellTicketNumber9`	`int`	`0`
`sellTicketNumber10`	`int`	`0`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone frkn2076/XAUUSD-Forex 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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