Trading Criteria EA Source Code MQ4 – A Professional Forex Trading Robot

By: Sayan

Published on: Apr 03, 2025

Introduction

The Trading Criteria EA is an automated Forex trading system built using MetaTrader 4 (MT4) and coded in MQL4. This Expert Advisor (EA) is designed to execute trades based on predefined technical criteria, helping traders automate their strategies for efficiency and consistency.

In this post, we’ll explore the source code (MQ4) of the Trading Criteria EA, its key features, and how you can customize it for your trading needs.

Key Features of the Trading Criteria EA

• Automated Trade Execution – The EA places trades without manual intervention.


• Customizable Indicators – Uses technical indicators like Moving Averages, RSI, or Bollinger Bands.


• Risk Management – Includes stop-loss (SL) and take-profit (TP) settings.


• Timeframe Flexibility – Works on multiple timeframes (M15, H1, H4, etc.).


• Money Management – Adjustable lot size based on account balance or fixed risk.

Explanation of the Code:

1. OnInit() – Initializes the EA when attached to a chart.


2. OnTick() – Executes trading logic on every price tick.


3. Moving Average (MA) Check – The EA buys if price is above MA and sells if below.


4. OrderSend() – Places trades with stop-loss and take-profit (currently set to 0 for simplicity).

How to Install & Use the Trading Criteria EA

• Download the MQ4 file (or compile from the code above).


• Open MetaTrader 4 → File → Open Data Folder → MQL4 → Experts.


• Paste the MQ4 file and restart MT4.


• Attach the EA to a chart and configure settings.

Customizing the Trading Criteria EA

• Adding additional indicators (RSI, MACD, etc.).


• Implementing trailing stops.


• Setting time-based trading restrictions.


• Improving risk management with dynamic lot sizing.

Conclusion

The Trading Criteria EA MQ4 source code provides a solid foundation for building an automated Forex trading system. By modifying and optimizing the code, traders can adapt it to various strategies and market conditions.

Happy Trading