MT4_Forex_Trading_Bot_Template

Goal

To get an understanding for the different parts of a robust trading system with MetaTrader 4.

Ressources

• Kalle Halden
• AlgoTrading 101

Main Parts

1. Entries

Enters if there was a quick pullback.

if high_2_bars_ago > high_1_bar_ago && low_2_bars_ago < low_1_bar_ago && lastClose > high_2_bars_ago

That rules looks like this on a chart.

2. Sizing Algorithm

output = (fractalOfAccountToRisk * AccountEquity) / (lotSize * tickValue * stopLossInTicks * adjustForTicks);

3. Exits

• Stop Loss (in Ticks)

stopLoss = (volMultiplier * VolATR) / (K * Point);

• same applies to Take Profit

Backtest Results

Thank you very much and have fun playing around!