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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
XRL8 Bot
XRL8 Bot is a MetaTrader 4 expert advisor designed for automated forex trading based on a simple moving average crossover system.
GitHub stars1
Forks0
Last update4 years ago7 Mar 2022
LicenceNone stated
Overview
The robot monitors price action to identify entries when a fast-period moving average crosses a slow-period moving average. It manages trades using fixed stop loss and take profit targets defined in the input parameters. Users can toggle buy or sell orders independently and set a specific magic number for order tracking. The implementation is basic, and the repository lacks a README file for additional guidance.
- Moving average crossover entry signals
- Adjustable fast and slow periods
- Standard stop loss and take profit
- Independent buy and sell toggles
Details
Author
Gabriel-Ferraz on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover
Markets
Forex
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
Input parameters
Read from XRL8.0 BOT.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MAGIGMA | int | 1 | |
periodo_menor | int | 8 | |
periodo_maior | int | 20 | |
loteEntrada | double | 1.00 | |
OperarSELL | bool | true | |
OperarBUY | bool | true | |
PararTrade | bool | false | |
TakeProfit | int | 1000 | |
StopLoss | int | 500 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Gabriel-Ferraz/BOT---MOVING-AVERANGE 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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