Icarus is an automated trading system for MetaTrader 4 that employs a grid strategy with Martingale lot scaling. It utilizes Bollinger Bands and the Stochastic Oscillator to identify entry points, offering a conjunctive mode for filtered execution. The EA manages risk through maximum position limits, equity warning thr
Trading robot · MT4
ZBlue
ZBlue is a MetaTrader 4 expert advisor designed for forex trading using a Martingale-style recovery strategy.
High risk
GitHub stars1
Forks0
Last update9 years ago12 Aug 2017
LicenceNone stated
Overview
ZBlue initiates a starting position and adds subsequent trades at increasing pip intervals if the market moves against the initial entry. The EA manages both buy and sell directions independently. It uses a tiered lot sizing approach and closes baskets of trades based on a collective profit target relative to total volume. Risk management includes a maximum of ten layers and a global equity protection feature that closes all positions if drawdown reaches forty percent of the margin.
- Martingale lot scaling progression
- Multi-layer grid entry system
- Basket profit closing logic
- Global equity drawdown protection
Details
Author
zzzblue on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Martingale, Grid, Hedging
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
- Holds opposite positions at once
- Trades without a fixed stop loss
EA files
Source
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone zzzblue/zblue 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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