UBot `Expert System`

A meta trader 4 trading bot

Table of Contents

1. About The Project
   • Project Scope
   • Project Design
   • Built With
2. Getting Started
   • Prerequisites
   • Installation
   • Usage
   • Contributing
3. License
4. Contact
5. Acknowledgments

About The Project

Project Scope

An automated trading system (ATS), a subset of algorithmic trading, uses a computer program to create buy and sell orders and automatically submits the orders to a market center or exchange.The computer program will automatically generate orders based on predefined set of rules using a trading strategy which is based on technical analysis, advanced statistical and mathematical computations or input from other electronic sources.

• Should allow users to input parameter properties like stop loss and take profit etc.
• Expert system should be able to automatically open trades, manage, scale trades and manage trades.
• Trading bot must also be able to manage trades in terms of trailing profit, scaling position, maintaining long and short trading

Project Design

Architecture

Taking all above into consideration, the traditional architecture of the entire automated trading system can now be broken down into:

The exchange(s) – the external world

The server

• Receives market data
• Stores the market data
• Store orders generated by the user

Application

• Takes inputs from the user initially for the decisions such as stop loss, limits, the preferred financial instrument for trading etc.
• Acts as an interface for viewing the information including the data and orders
• Acts as an order manager sending orders to the exchange

The market data, that is received, typically informs the automated trading system of the latest order book. It may also contain some additional information like the volume traded so far, the last traded price, and the quantity of the trading order. However, to make a decision based on the data, the automated system looks at the old values or derives certain patterns from the history. Based on this historical analysis of data and patterns, the system goes forward to create a trading strategy and execute the same.

Last but not least, a GUI interface is needed for the trader to view all this information on a screen.

Built With

System was written in Meta Quotes 4, language that is supported by Meta trader 4:

(back to top)

Getting Started

Prerequisites

You should have the below software installed in your pc :

• Meta Trader 3
• Meta Quotes 3
• and your preferred IDE or text editor

Installation

1. Get a free API Key at https://github.com/settings/tokens

2. Clone the repo

   git clone https://github.com/kudzaiprichard/ubot-mt4

3. Inside meta editor click on file, and choose open data folder

4. Open mql4 folder, and copy Experts/ ubot mql4 source file to Experts folder

5. Copy Include/Ubot folder to include folder

6. Copy indicators/Ubot folder to indicators folder

7. Close and open meta editor then open ubot mql4 source file and run it

   NB: An ubot complied ex4 file program will be created

8. The same complied ubot ex4 file will appear in meta trader 4

   NB: Use that complied ubot file to run your bot on the market or test it in mt4 strategy tester

Usage

1. Open meta trader 4

2. Drag and drop the bot in desired chart to run the bot

3. The following bot interface will show

   
   

4. Double tap on the Inputs tab

   
   

5. Enter desired inputs settings for your bot or import settings and press ok button

6. The bot will then run and will display the interface screen when running successfully

   
   

NOTE: Bot should display that dashboard at the far right bottom corner

Results

Below is the UML design of the system including relationships between the difference objects that make up the system

(back to top)

Contributing

If you have a suggestion that would make this better, please fork the repo and create a pull request. You can also simply open an issue with the tag "enhancement". Don't forget to give the project a star! Thanks again!

1. Fork the Project
2. Create your Feature Branch (git checkout -b feature/AmazingFeature)
3. Commit your Changes (git commit -m 'Add some AmazingFeature')
4. Push to the Branch (git push origin feature/AmazingFeature)
5. Open a Pull Request

🔥 Contribution

Your contributions are always welcome and appreciated. Following are the things you can do to contribute to this project.

1. Report a bug
   If you think you have encountered a bug, and I should know about it, feel free to report it here and I will take care of it.

2. Request a feature
   You can also request for a feature here, and if it will viable, it will be picked for development.

3. Create a pull request
   It can't get better than this, your pull request will be appreciated by the community. You can get started by picking up any open issues from here and make a pull request.

If you are new to open-source, make sure to check read more about it here and learn more about creating a pull request here.

(back to top)

License

Distributed under the MIT License. See LICENSE.txt for more information.

(back to top)

Contact

Kudzai P Matizirofa - linkedin.com/in/kudzai-prichard - kudzaiprichard@gmail.com

Project Link: https://github.com/kudzaiprichard/ubot-mt4

(back to top)

Acknowledgments

list of resources I found helpful and would like to give credit to.

• Choose an Open Source License
• What are Expert Advisors
• Getting Started With MT4
• Meta Quotes docs
• GitHub Pages

(back to top)