System Trading - MetaTrader5 (Page 22)

Mastering the Fibochannel Line EA for MetaTrader 4: Your Guide to Smarter Trading

Welcome to the world of trading! Today, let’s dive into the Fibochannel Line EA, a powerful tool designed for MetaTrader 4 that helps you harness the Fibonacci channels for effective trading. This EA not only visualizes Fibonacci channel lines on your charts but also trades based on prevailing market trends. Plus, it features a Trailing Stop Loss and Take Profit, making it adaptable for all time frames, including major forex pairs and stocks like those on NASDAQ. Quick Tip: It shines particularly well on the 1-hour time frame! Here are some key points to keep in mind: Demo First: Always test it on a demo account before going live. Open Candle Trading: This EA only trades based on the price of the opening candle! Lot Size Control: If you prefer not to increase your lot size after a losing trade, set IncreaseFactor=0. Combination Strategy: This EA combines the effectiveness of two moving averages with Fibonacci channel lines. Testing Limitations: The Fibonacci channel lines won’t work in test mode; they function in live trading only. Visual Aid: During tests, the EA will only display Fibonacci channel lines in visual mode without executing trades based on them. Trade Filtering: The Fibonacci channel lines will act as a filter, increasing your chances of winning trades. Now, let’s check out the inputs you can tweak: Use_TP_In_Money: Enable Take Profit in money (true/false). TP_In_Money: Set Take Profit in money (choose between 10-100). Use_TP_In_percent: Enable Take Profit in percent (true/false). TP_In_Percent: Set Take Profit in percent (choose between 10-100). Enable_Trailing: Activate trailing stop (true/false). Take Profit In Money: (values: 25-300). Stop Loss In Money: (values: 1-20). Fibochannel Line Length: Adjust the length (10-100 bars). Fibochannel Line Color: Customize your channel line color. tick: Set to false for every tick or true for open prices. Exit: Close trades if the trend goes against you (true/false). Lots: Define lot size (values: 0.01-10). Stop_Loss: Set a stop loss (values: 10-100). MagicNumber: Assign a magic number (values: 1-100000). FastMA: Specify Fast Moving Average (1-20). SlowMA: Specify Slow Moving Average (50-200). Remember: Regularly optimize this EA every few months and stick to the same inputs. You can use it as a hedging grid EA or for single trades. For backtesting guidance, check out this link: How to Perform Backtest.

2019.03.03

MetaTrader4

Mastering Fibonacci Lines: Your Go-To EA for MetaTrader 4

Hey traders! If you’re looking to enhance your charting game, the "Fibo" Expert Advisor (EA) is a fantastic tool that draws Fibonacci lines right on your MetaTrader 4 chart. It trades based on price breakthroughs, and it comes packed with features like Trailing Stop Loss and Take Profit. Plus, it’s compatible with all major forex pairs and stocks on NASDAQ, making it a versatile addition to your trading arsenal. Key Features Demo First: Always try it on a demo account before going live! Candle Price Trading: This EA trades only with the price of the open candle, ensuring precise entry points. Manage Your Risks: If you don’t want to increase your lot size after a losing trade, set IncreaseFactor=0. Simple Yet Powerful: This EA combines two moving averages with Fibonacci lines for better decision-making. Backtesting Reminder: Fibonacci lines won’t work in test mode, so ensure you perform optimization tests using moving averages only. Live Trading Only: The real magic happens in live trading, where Fibonacci lines and moving averages work together. Visual Mode Drawings: During tests, the EA will only draw Fibonacci lines visually without using them in trade creation. Backtest Settings: Use the "open prices only" option for backtesting to get the best results. Probability Enhancer: Fibonacci lines serve as filters, increasing the chances of winning trades. Inputs You Should Know Use_TP_In_Money: Enable Take Profit in currency (true/false). TP_In_Money: Set Take Profit in money (values: 10-100). Use_TP_In_percent: Enable Take Profit in percent (true/false). TP_In_Percent: Set Take Profit in percent (values: 10-100). Enable_Trailing: Enable the trailing stop feature (true/false). Take Profit In Money: Set in current currency (values: 25-300). Stop Loss In Money: Set in current currency (values: 1-20). Exit Strategy: Close trades if the trend is against you (true/false). Lots: Define lot size (values: 0.01-1). Stop_Loss: Set Stop Loss (values: 30-500). MagicNumber: Define a unique magic number for the EA (values: 1-100000). FastMA & SlowMA: Set your moving averages (values: 1-20 for FastMA and 50-200 for SlowMA). Control Drawdown: Use equity stop (true/false) to manage risk. Remember, it’s crucial to optimize this EA every few months using the same inputs mentioned above. You can utilize it as a hedging grid EA or as a single trade EA, depending on your trading strategy. For guidance on performing backtests, check out this link.

2019.03.01

MetaTrader4

Mastering the Trend Line Expert Advisor for MetaTrader 4

Are you ready to level up your trading game? The Trend Line EA for MetaTrader 4 is here to help you ride the market waves! This handy Expert Advisor automatically draws trend lines on your chart and executes trades that align with those trends. Plus, it comes equipped with a trailing stop loss and take profit feature, making it a versatile tool for all timeframes, major forex pairs, and even NASDAQ stocks. Key Features: Start off on a demo account to get a feel for it. This EA trades based solely on the price of the open candle! If you’re not keen on increasing lot sizes after a loss, simply set: IncreaseFactor=0. I've combined a simple EA with two moving averages and trend lines for a robust trading strategy. Note that the trend line feature does not work in test mode. Optimization tests can only be conducted with moving averages. In live trading, the trend line and moving averages collaborate to enhance your strategy. During backtesting, the EA will only draw the trend line visually without factoring it into trades. The trend line acts as a filter, increasing your chances of winning trades. Input Parameters: Use_TP_In_Money - Set to true/false for take profit in money. TP_In_Money - Adjust take profit in money (values: 10-100). Use_TP_In_percent - Set to true/false for take profit in percentage. TP_In_Percent - Adjust take profit in percentage (values: 10-100). ---------------------------------- Enable_Trailing - Activate trailing stop in money (values: true/false). Take Profit In Money (in current currency) (values: 25-100). Stop Loss In Money (in current currency) (values: 1-20). ---------------------------------- Trend Line length - Set the bar count (values: 10-100). Trend Line color. Exit - Close trades if the trend goes against you (values: true/false). Lots - Set the lot size (values: 0.01-1). Lots size Exponent (values: 1.01-2). IncreaseFactor - Define how much to increase lots after a loss (values: 0.001-0.1). Stop_Loss - Set stop loss value (values: 10-100). Use 600 for multiple trades. MagicNumber - Assign a magic number (values: 1-100000). TakeProfit - Set take profit value (values: 10-100). Use 600 for multiple trades. FastMA - Set fast moving average (values: 1-20). SlowMA - Set slow moving average (values: 50-200). Mom_Sell - Set momentum sell trigger (values: 0.1-0.9). Mom_Buy - Set momentum buy trigger (values: 0.1-0.9). ---------------------------------- UseEquityStop - Enable equity stop (values: true). TotalEquityRisk - Set risk level (values: 0.01-20). ---------------------------------- Max_Trades - Set maximum trades (values: 1-12). FractalNum - Set the number of fractal highs and lows (values: 2-10). ---------------------------------- If using only 1 trade, here are additional settings: USETRAILINGSTOP - Enable trailing stop (values: true/false). WHENTOTRAIL - Set trailing activation point (values: 40-100). TRAILAMOUNT - Set trail amount (values: 40-100). Distance From Candle - Set distance from candle (values: 1-100). USECANDELTRAIL - Enable candle trailing (values: true/false). X - Set number of candles (values: 1-100). USEMOVETOBREAKEVEN - Enable break-even feature (values: true/false). WHENTOMOVETOBE - Set when to move to break-even (values: 1-30). PIPSTOMOVESL - How many pips to move stop loss (values: 1-30). Pro Tip: Make sure to optimize this EA every few months using the exact input parameters above. You can use it as a hedging grid EA or a single trade EA. To learn how to perform back tests, check out this link.

2019.02.20

MetaTrader4

Mastering Andrews Pitchfork: Your Go-To Expert Advisor for MetaTrader 4

Are you ready to elevate your trading game? Let’s dive into the world of the Andrews Pitchfork Expert Advisor (EA) designed for MetaTrader 4. This nifty tool draws the Andrews Pitchfork on your chart and trades along with the trend, utilizing a trailing stop loss and take profit mechanism. It’s versatile enough to work across all time frames, major forex pairs, and even NASDAQ stocks! Getting Started Before you hit the live market, I recommend trying it out on a demo account first. Here are a few key pointers: This EA only trades based on the price of the open candle! If you prefer not to increase your lot size after a losing trade, simply set IncreaseFactor=0. I’ve combined a straightforward EA with two moving averages and the Andrews Pitchfork for enhanced performance. Keep in mind the Andrews Pitchfork does not operate in test mode. Only moving averages can be optimized during testing. In live trading, the Andrews Pitchfork and moving averages work hand in hand. During tests, the EA will merely display the Andrews Pitchfork on your screen without using it for trade execution. The Pitchfork acts as a filter, boosting your chances of winning trades. Inputs You Can Customize Use_TP_In_Money: Enable Take Profit in monetary terms (values: true/false). TP_In_Money: Take Profit in money (values: 10-100). Use_TP_In_percent: Enable Take Profit in percentage (values: true/false). TP_In_Percent: Take Profit in percentage (values: 10-100). ------------ [Money Trailing Stop For Multiple Trades] ---------------------- Enable_Trailing: Enable trailing based on monetary values (values: true/false). Take Profit In Money: (values: 25-100). Stop Loss In Money: (values: 1-20). ------------------------------------------------------------------------------------ Andrews Pitchfork length: (bars) (values: 10-100). Andrews Pitchfork color: Choose your preferred color. Exit: Close trades if the trend goes against you (values: true/false). Lots: Lot size (values: 0.01-1). Lots size Exponent: (values: 1.01-2). IncreaseFactor: Adjust lot size from total margin if you lose a trade (values: 0.001-0.1). top_Loss: Stop Loss (values: 30-500). Set value 600 for Multiple Trades. MagicNumber: Unique identifier for trades (values: 1-100000). TakeProfit: Take Profit (values: 50-200). Set value 600 for Multiple Trades. FastMA: Fast Moving Average (values: 1-20). SlowMA: Slow Moving Average (values: 50-200). Mom_Sell: Momentum Sell trigger (values: 0.1-0.9). Mom_Buy: Momentum Buy trigger (values: 0.1-0.9). --------------------- CONTROL DRAW DOWN ----------------------------- UseEquityStop: (values: true). TotalEquityRisk: (values: 0.01-20). ------------------------------------------------------------------------------- Max_Trades: (1-12). FractalNum: Number of High and Low (values: 1-10). ---------------- IF YOU USE ONLY 1 TRADE: ----------------------- USETRAILINGSTOP: Enable trailing stop (values: true/false). WHENTOTRAIL: When to initiate trailing (values: 40-100). TRAILAMOUNT: Amount to trail (values: 40-100). Distance From Candle: (values: 1-100). USECANDELTRAIL: If using trailing stop (values: true/false). X: Number of candles (values: 1-100). USEMOVETOBREAKEVEN: Enable break even (values: true/false). WHENTOMOVETOBE: When to move to break even (values: 1-30). PIPSTOMOVESL: Pips to adjust stop loss (values: 1-30). It’s crucial to optimize this EA every few months using the same input values listed above. You can use it as a hedging grid EA or a single trade EA. How to Perform a Back Test: For a detailed guide, check out this helpful link.

2019.02.17

MetaTrader4

Master Trading with Gann Fan on MetaTrader 4: Your Essential Guide

The Gann Fan Expert Advisor (EA) is a powerful tool that helps you draw Gann Fan lines on your charts and trade effectively with the market's trend. It features a Trailing Stop Loss and Take Profit function, making it suitable for all major forex pairs and stocks like those on NASDAQ. Always test it on a demo account first. This EA trades based solely on the price of the open candle! If you prefer not to increase your lot size after a losing trade, simply set IncreaseFactor=0. I’ve combined a straightforward EA with two moving averages and the Gann Fan for optimal performance. Keep in mind, the Gann Fan doesn’t function in the testing mode. Optimization tests can only be conducted using the moving averages. In live trading, the Gann Fan and moving averages will work in tandem. During tests, the EA will only display the Gann Fan visually on the screen without factoring it into trade creation. When backtesting, ensure you select the "open prices only" option. The Gann Fan acts as a filter, enhancing your chances of winning trades. Inputs Use_TP_In_Money - Use Take Profit in money (values: true/false). TP_In_Money - Take Profit in money (values: 10-100). Use_TP_In_percent - Use Take Profit in percent (values: true/false). TP_In_Percent - Take Profit in percent (values: 10-100). ------------[Money Trailing Stop for Multiple Trades]---------------------- Enable_Trailing - Enable Trailing with money (values: true/false). Take Profit in money (in current currency) (values: 25-300). Stop Loss in money (in current currency) (values: 1-20). ------------------------------------------------------------------------------------ Gann Fan length (bars) (values: 10-100). Gann Fan color. Exit - Close trades if the trend is against you to control drawdown (values: true/false). Lots - Lot size (values: 0.01-1). Lots size Exponent (values: 1.01-2). IncreaseFactor - How much to increase lots from total margin if you lose a trade (values: 0.001-0.1). Stop_Loss - Stop Loss (values: 30-500). /set value 600 for Multiple Trades MagicNumber - Magic number (values: 1-100000). TakeProfit - Take Profit (values: 50-200). /set value 600 for Multiple Trades FastMA - Fast Moving Average (values: 1-20). SlowMA - Slow Moving Average (values: 50-200). Mom_Sell - Momentum Sell trigger (values: 0.1-0.9). Mom_Buy - Momentum Buy trigger (values: 0.1-0.9). ---------------------CONTROL DRAW DOWN----------------------------- UseEquityStop - (values: true). TotalEquityRisk - (values: 0.01-20). ------------------------------------------------------------------------------- Max_Trades (1-12). IF YOU USE ONLY 1 TRADE: //////////////////////////////////////////////////////////// USETRAILINGSTOP - If you use a trailing stop (values: true/false). WHENTOTRAIL - When to trail (values: 40-100). TRAILAMOUNT - Trail amount (values: 40-100). Distance From Candle - Distance from candle (values: 1-100). USEMOVETOBREAKEVEN - Enable "break even" (values: true/false). WHENTOMOVETOBE - When to move to break even (values: 1-30). PIPSTOMOVESL - How many pips to move stop loss (values: 1-30). - It’s a good idea to optimize this EA every few months and use the exact inputs mentioned above. - You can use it as either a hedging grid EA or a single trade EA. - For a guide on how to perform backtesting, check out this resource.

2019.02.16

MetaTrader4

Master the Higher Period Bollinger Band Breakout Strategy for MetaTrader 4

Today, let’s dive into a trading strategy that revolves around the price breaking out of a higher period Bollinger Band and then making a retracement back into the bands. This method can be quite effective, especially for those of us who are always on the lookout for solid entry points. Short Trade Setup: Wait for the price to close above the upper Bollinger Band. Once it closes above, keep an eye out for it to dip back below the upper band. At this point, you can enter a short position with a stop loss set at 1 ATR (Average True Range) and a take profit target of 1.5 ATR. This strategy is versatile and can be applied across various time frames, but I personally recommend using the 15-minute chart. It’s rare to see the daily or 4-hour charts break out of an 800-period Bollinger Band, making shorter time frames a better fit. To help you out, the Util.mql4 library file is essential for determining lot sizes and ensuring that a new candle has opened before validating your lot size. This will streamline your trading process significantly.

2019.02.13

MetaTrader4

Mastering the Linear Regression Channel EA for MetaTrader 4

Hey there, fellow traders! Today, we’re diving into the Linear Regression Channel Expert Advisor (EA) for MetaTrader 4. This nifty tool draws a Linear Regression Channel right on your chart and trades with the prevailing trend. It’s equipped with a Trailing Stop Loss and Take Profit feature, making it versatile across all time frames, especially for major forex pairs and NASDAQ stocks. It shines particularly well on the 1-hour time frame. Start by testing it out on a demo account first. This EA only executes trades based on the price of the open candle! If you prefer not to increase the lot size after a losing trade, simply set IncreaseFactor=0. I’ve combined this EA with two moving averages and the Linear Regression Channel for a robust trading strategy. Keep in mind that the Linear Regression Channel doesn’t function in test mode. Optimization tests can only be conducted using the moving averages. In live trading, the Linear Regression Channel and moving averages will work in tandem. During testing, the EA will only display the Linear Regression Channel visually without incorporating it into trade creation. The Linear Regression Channel acts as a filter, enhancing the likelihood of winning trades. Inputs Use_TP_In_Money - Enable Take Profit in money (values: true/false). TP_In_Money - Set Take Profit in money (values: 10-100). Use_TP_In_percent - Enable Take Profit in percent (values: true/false). TP_In_Percent - Set Take Profit in percent (values: 10-100). ------------[Money Trailing Stop For Multiple Trades]---------------------- Enable_Trailing - Enable trailing with money (values: true/false). Take Profit In Money (in current currency) (values: 25-300). Stop Loss In Money (in current currency) (values: 1-20). ------------------------------------------------------------------------------------ Channel length = FIBOCHANNEL LENGTH (bars) (values: 3-50). Channel color (values: colors). -------------------------------------------------------------------- Exit - Close trades if the trend moves against you and manage drawdown (values: true/false). tick - If

2019.02.13

MetaTrader4

Mastering Manual Trading with Your Keyboard: An Essential Guide for MetaTrader 4 Users

Unlock the Power of Manual Trading Have you ever wished you could streamline your trading process using just your keyboard? Well, this Expert Advisor (EA) is designed to do just that! It taps into your key presses to execute trades exactly how you want them. Stay in Control The beauty of this setup is that it doesn’t interfere with other charts or accounts. Your actions are contained solely within the scope of this EA. This means you can trade with peace of mind, knowing that your account and other charts won’t be affected by any global actions. Proceed with Caution However, a word of caution: adding global actions or executions that impact your entire account or portfolio into any EA can lead to some serious headaches. Trust me, I’ve had my fair share of nightmare experiences in the past! Recommendations Use Dedicated EAs: I highly recommend using a different EA for those broader executions. Keep your manual trades separate to maintain control and avoid unwanted surprises. By following these tips, you can harness the full potential of your trading setup and make the most out of your MetaTrader 4 experience!

2019.02.08

MetaTrader4

Maximize Your Trading with the EUR/GBP H4 Expert Advisor for MetaTrader 4

Unlock the Potential of the EUR/GBP H4 EA If you're looking to enhance your trading game, the EUR/GBP H4 Expert Advisor (EA) is worth considering. This powerful tool operates on the Tickmill live platform, focusing specifically on the EUR/GBP currency pair. How It Works The EA trades a fixed lot size that you can customize based on your trading strategy. It effectively closes trades according to the indicators set within the EA, allowing for a hands-off approach while you focus on other aspects of your trading journey. Key Features Fixed Lot Size: Tailor your lot size to match your risk tolerance. Indicator-Based Closing: The EA utilizes its base indicators to determine optimal closing points. Exclusively for Tickmill: Designed to work seamlessly with Tickmill’s live broker accounts. Important Note Keep in mind that this EA doesn't support backtesting as it operates solely on live accounts without the option to select historical data for testing. So, if you're ready to take the plunge and try the EUR/GBP H4 EA, make sure you’re set up with a Tickmill live account. This could be the game-changer you’ve been waiting for!

2019.02.07

MetaTrader4

Mastering Trading Criteria: Your Guide to Expert Advisors on MetaTrader 4

If you're looking to up your trading game, the Trading Criteria Expert Advisor (EA) is a fantastic tool that employs a crossing signals strategy. With features like Trailing Stop Loss and Take Profit, this EA displays crucial trading criteria right on your chart and is compatible with all major forex pairs and NASDAQ stocks across any time frame. Before diving in, here are a few tips: Test it out on a demo account first! This EA only trades based on the open price of each candle. If you prefer not to increase your lot size after a losing trade, set: IncreaseFactor=0. Inputs Use_TP_In_Money - Enable Take Profit in money (values: true/false). TP_In_Money - Set Take Profit in money (values: 10-100). Use_TP_In_percent - Enable Take Profit in percent (values: true/false). TP_In_Percent - Set Take Profit in percent (values: 10-100). ------------[Money Trailing Stop For Multiple Trades]---------------------- Enable_Trailing - Enable trailing with money (values: true/false). Take Profit In Money (in your account currency) (values: 25-200). Stop Loss In Money (in your account currency) (values: 1-20). -------------------------------------------------------------------------------------- Exit - Close trades if the trend goes against you to manage drawdown (values: true/false). Lots - Lot size (values: 0.01-1). Lots size Exponent (values: 1.01-2). IncreaseFactor - How much to increase lots from total margin if you lose a trade (values: 0.001-0.1). Stop_Loss - Set Stop Loss (values: 30-500). Set value 600 for multiple trades. MagicNumber - Unique identifier for the EA (values: 1-100000). TakeProfit - Set Take Profit (values: 50-200). Set value 600 for multiple trades. FastMA - Fast Moving Average (values: 1-20). SlowMA - Slow Moving Average (values: 50-200). Mom_Sell - Momentum Sell trigger (values: 0.1-0.9). Mom_Buy - Momentum Buy trigger (values: 0.1-0.9). ---------------------CONTROL DRAW DOWN----------------------------- UseEquityStop - Enable equity stop (values: true/false). TotalEquityRisk - Set total equity risk (values: 0.01-20). ------------------------------------------------------------------------------- Max_Trades - Maximum number of trades (1-12). FractalNum - Number of high and low fractals (values: 1-10). ----------------IF YOU USE ONLY 1 TRADE:----------------------- ///////////////////////////////////////////////////////////////////// USETRAILINGSTOP - Enable trailing stop (values: true/false). WHENTOTRAIL - When to start trailing (values: 40-100). TRAILAMOUNT - Amount to trail (values: 40-100). Distance From Candle - Distance from candle (values: 1-100). USECANDELTRAIL - Enable candle trailing (values: true/false). X - Number of candles (values: 1-100). USEMOVETOBREAKEVEN - Enable break-even (values: true/false). WHENTOMOVETOBE - When to move to break-even (values: 1-30). PIPSTOMOVESL - Pips to move stop-loss (values: 1-30). It's essential to optimize this EA every few months using the same inputs mentioned above. You can utilize it as a hedging grid EA or as a single trade EA. To perform a backtest, check out this guide.

2019.02.06

MetaTrader4

Master Day Trading with This Powerful EA for MetaTrader 4

Are you ready to take your trading to the next level? This Day Trading EA utilizes a solid day trading strategy and features a trailing stop loss and take profit mechanism, perfectly tailored for major forex pairs and NASDAQ stocks on a 1D time frame. Here’s what you need to know: This EA shows crucial information right on your screen, making it easy to track your trades. Start by testing it on a demo account before diving into live trading. It only trades based on the price of the open candle, keeping things simple and straightforward! If you prefer not to increase your lot size when you hit a losing trade, just set: "IncreaseFactor=0". Input Settings for Optimal Performance Use_TP_In_Money: Enable or disable take profit in money (true/false). TP_In_Money: Set take profit in money (values: 10-100). Use_TP_In_Percent: Enable or disable take profit in percent (true/false). TP_In_Percent: Set take profit in percent (values: 10-100). Enable_Trailing: Activate trailing stop with money (true/false). Take Profit In Money: Set between 25-200 in current currency. Stop Loss In Money: Set between 1-20 in current currency. BarsToCount: Specify how many bars to wait for channel (values: 5-40). Exit: Close trades if the trend goes against you (true/false). Lots: Define lot size (values: 0.01-1). Lots size Exponent: Use between 1.01-2. IncreaseFactor: Set how much to increase lots if you lose a trade (values: 0.001-0.1). Stop_Loss: Set stop loss (values: 30-500). Use 600 for multiple trades. MagicNumber: Assign a magic number (values: 1-100,000). TakeProfit: Define take profit (values: 50-200). Use 600 for multiple trades. FastMA: Set fast moving average (values: 1-20). SlowMA: Set slow moving average (values: 50-200). Mom_Sell: Set momentum sell trigger (values: 0.1-0.9). Mom_Buy: Set momentum buy trigger (values: 0.1-0.9). UseEquityStop: Activate equity stop (true/false). TotalEquityRisk: Define total equity risk (values: 0.01-30). Max_Trades: Set the maximum number of trades (1-12). TrailingStop: Set a value from 40 to 100 to activate trailing stop loss & take profit, setting to "0" will deactivate trailing stop loss. Enable Break Even: Activate break even functionality (true/false). Break Even Move: Set how much to move to break even (values: 5-30). How much pips move: Set for break even (values: 5-30). Remember, optimizing this EA periodically is essential for maintaining peak performance. Whether you want to use it as a hedging grid EA or for single trades, it’s a versatile tool in your trading arsenal. Want to learn how to backtest? Check out this guide.

2019.01.24

MetaTrader4

Mastering Pure Price Action: The Ultimate EA for MetaTrader 4

If you're looking to elevate your trading game, the Pure Price Action EA is a solid choice. This expert advisor utilizes a straightforward 'Price Action' strategy, making it a reliable partner for trading major forex pairs and NASDAQ stocks on the 1-hour timeframe. Plus, it comes equipped with features like Trailing Stop Loss and Take Profit to help you manage your trades effectively. Here’s what you need to know: Push Notifications: This EA sends push notifications directly to your mobile terminal, provided you’ve added your MetaQuotes ID in the 'Notifications' tab. Start with a Demo: It’s always a good idea to test it out on a demo account before diving in. Open Candle Trading: This EA trades only based on the price of the open candle, ensuring a disciplined approach. Control Lot Size: If you prefer not to increase your lot size after a losing trade, simply set "IncreaseFactor=0". Input Parameters Use_TP_In_Money: Toggle Take Profit in money (true/false). TP_In_Money: Set Take Profit in money (values: 10-100). Use_TP_In_Percent: Toggle Take Profit in percentage (true/false). TP_In_Percent: Set Take Profit in percentage (values: 10-100). Enable_Trailing: Activate trailing with money (true/false). Trailing Stop: Use a trailing stop to secure profits (values: 25-200). Stop Loss: Set your stop loss in money (values: 1-20). Exit Strategy: Automatically close trades if the trend reverses to manage drawdown (true/false). Lots: Specify lot size (values: 0.01-1). IncreaseFactor: Determine how much to increase lot size after a loss (values: 0.001-0.1). MagicNumber: Assign a unique identifier for your trades (values: 1-100000). FastMA: Set your fast moving average (values: 1-20). SlowMA: Set your slow moving average (values: 50-200). Mom_Sell: Momentum sell trigger (values: 0.1-0.9). Mom_Buy: Momentum buy trigger (values: 0.1-0.9). Max_Trades: Define the maximum number of trades (1-12). TrailingStop: Set a value from 40 to 100 to activate trailing stop loss; a value of "0" disables it. Enable Break Even: Option to activate break-even (true/false). Break Even Movement: Specify how many pips to move to break even (values: 5-30). Keep in mind that optimizing this EA every few months is crucial for maintaining its performance. You can use it as a hedging grid EA or stick to single trades based on your strategy. For backtesting guidance, check out this link.

2019.01.24

MetaTrader4

Unlocking The Predator EA: Your Ultimate Trading Companion for MetaTrader 4

If you're on the hunt for a robust trading solution, look no further than The Predator EA. This expert advisor is designed to operate on MetaTrader 4 and employs two dynamic trading strategies. With features like Trailing Stop Loss and Take Profit, it’s versatile enough to work across all time frames, making it perfect for major forex pairs and NASDAQ stocks. Before diving in, let’s break down what makes The Predator EA tick: Trade Volume: Adjusts based on previous trading results, giving you a tailored approach to your trading. Risk Management: You can cap your maximum risk (expressed as a percentage of your deposit) for each trade. If you prefer a fixed lot size—say, 0.01 lots—set MaximumRisk = 0 and DecreaseFactor = 0. Otherwise, it will calculate the position size based on your deposit percentage and Maximum Risk. Demo First: Always test on a demo account before going live! This EA executes trades based solely on the open candle’s price. Key Inputs: Use_TP_In_Money: Enable Take Profit in money (values: true/false). TP_In_Money: Set your Take Profit in money (values: 10-100). Use_TP_In_percent: Enable Take Profit in percentage (values: true/false). TP_In_Percent: Set your Take Profit in percentage (values: 10-100). --------------------------------- Enable_Trailing: Turn on trailing with money (values: true/false). Take Profit In Money: Set in current currency (values: 25-200). Stop Loss In Money: Set in current currency (values: 1-20). --------------------------------- Exit: Close trades if the trend turns against you to manage drawdown (values: true/false). Strategy: Choose between two strategies (Strategy1, Strategy2). Lots: Set your lot size (values: 0.01-10). MaximumRisk: Set your maximum risk from total margin in % (values: 0.01 - 0.3). If MaximumRisk = 0, then the lot size remains constant. DecreaseFactor: Decrease your total margin if you hit a losing trade. Stop_Loss: Set your stop loss (values: 10-100). TakeProfit: Set your take profit (values: 10-100). FastMA: Set the fast moving average (values: 1-20). SlowMA: Set the slow moving average (values: 50-200). Distance: Distance between the two averages (values: 10-60). Mom_Sell: Momentum sell trigger (values: 0.1-0.9). Mom_Buy: Momentum buy trigger (values: 0.1-0.9). Max_Trades: Set the maximum number of trades (1-12). --------------------------- For Single Trade Users: TrailingStop: Set a value from 40 to 100 to activate trailing stop loss & take profit; set to 0 to deactivate. Enable "Break Even": (values: true/false). When move "Break Even": (values: 5-30). How much pips move "Break Even": (values: 5-30). Remember to optimize this EA every few months using the settings mentioned above. You can also utilize it as a hedging grid EA or a single trade EA. Want to learn how to backtest? Check out this backtesting guide.

2019.01.18

MetaTrader4

Unlocking StochSeller: Your Go-To Tool for EURCAD Trading on MT4

Meet StochSeller, an expert advisor tailored for the EURCAD on the 5-minute chart, designed specifically for executing SHORT ONLY positions using stochastic indicators.  Three stochastic indicators are utilized to determine entry points, paired with the ATR for volatility assessment.  It can handle up to 8 pending grid positions if the first trade doesn't close in profit.  Features a pips averaging algorithm to enhance trading performance. For even better results, consider adjusting the profit target from 23 pips to 35. What do you think? I'm here to help optimize this for any pair, whether you're looking to sell or buy.

2019.01.14

MetaTrader4

Mastering Breakouts: The 2-Day Strategy for MetaTrader 4

If you're looking to capitalize on market movements, the 2 Days Breakout Expert Advisor (EA) for MetaTrader 4 might just be your new best friend. This EA analyzes the highs and lows of the last two days to identify breakout opportunities in the current trading session. Here's how it works: it places a pending order at yesterday's high if the high and low of yesterday exceed those from the day before. Conversely, if yesterday's high and low are lower, it sets a pending order at yesterday's low. If the order isn't triggered by the end of the day, it will be canceled automatically. This feature ensures that you’re not left hanging with stale orders. This EA shines particularly when trading currency pairs against the JPY, such as: USDJPY EURJPY GBPJPY It operates based on open prices, but I highly recommend testing it in control points mode or on every tick, particularly on the D1 timeframe. The trigger for the order relies on ASK/BID prices after a successful breakout condition is met. One of the standout features of this EA is that there are no parameters to optimize. This simplicity is a hallmark of its robustness, although many traders often feel the need to tinker with settings to achieve smoother equity curves. I'm all ears for any suggestions you might have to enhance the performance of this system! Let's pool our insights and make our trading journeys even more successful.

2019.01.13

MetaTrader4

Unlocking Potential: ThreeBreaky EA for MetaTrader 4 Trading

If you're on the hunt for a solid trading strategy, look no further than ThreeBreaky. This expert advisor (EA) is a game-changer, employing three distinct volatility breakout strategies that are arguably some of the best free options available online. It's particularly effective on EUR/USD H1 charts, but don’t stop there. Traders have reported good results with pairs like USD/CHF, EUR/AUD, and GBP/JPY. Why not take this EA for a spin and see how it can elevate your trading game? One of the great features of ThreeBreaky is that it operates solely on closed prices. This means you can backtest it using open prices, control points, or even every tick mode, and you’ll still see consistent results. Talk about reliability! The input parameters are user-friendly, allowing you to enable or disable individual strategies based on your preferences. A little tip: I recommend steering clear of take profit settings, as the EA will close orders based on its indicators anyway. I’d love to hear your thoughts on conducting a forward test with this strategy. It could be a fantastic addition to a well-diversified portfolio of trading strategies.

2019.01.12

MetaTrader4

Mastering the Entry Hour: Stochastic Trading Strategies for MetaTrader 4

Hey traders! Today, I want to dive into a powerful trading strategy that can give you an edge in the markets: the Entry Hour Stochastic Trader for MetaTrader 4. If you're looking to harness the potential of the stochastic oscillator, you're in the right place!Why the Stochastic Oscillator?The stochastic oscillator is a fantastic tool for identifying potential reversals in the market. It measures the momentum of price movements, helping you pinpoint overbought and oversold conditions. This can be a game-changer, especially if you're trading during high-volatility hours.How to Use the Entry Hour Stochastic TraderSet Your Time Frame: Focus on the most active trading hours. For many, this is the overlap between the London and New York sessions.Configure Your Stochastic Settings: A common setting is %K at 14 and %D at 3. Adjust these based on your trading style!Look for Signals: When the stochastic crosses above 80, it's often a sign that the market is overbought; below 20 indicates it’s oversold. Use these signals to time your entries and exits.Backtesting Your StrategyBefore diving in with real cash, make sure to backtest your strategy using historical data. The results you see, like in the image above for EUR/USD from January 2010 to December 2018, can help you gauge how well your strategy might perform in different market conditions.So, there you have it! The Entry Hour Stochastic Trader is a straightforward yet effective strategy that can enhance your trading game. Remember, it’s all about finding the right balance and adapting it to your unique style. Happy trading!

2019.01.12

MetaTrader4

Mastering Aroon EA: Your Go-To Expert Advisor for MetaTrader 4

If you're on the lookout for a straightforward trading bot, the Aroon EA might just be your new best friend. This handy Expert Advisor leverages the Aroon indicator (which you can download below) to identify potential trading opportunities.Designed specifically for the M15 timeframe, this EA watches for the Aroon UP and DOWN crossovers. You can also tweak the aroonUpTrend and aroonDwTrend variables to confirm trends on the H1 chart, adding another layer of assurance to your trades.Additionally, it incorporates a Williams Percent Range (WPR) oscillator to pinpoint solid entry points and manage order closures effectively. Sure, it needs some fine-tuning and additional filters, but the underlying logic is definitely promising!One crucial tip: this EA operates REALLY well with only open prices! Keep in mind, if you're looking to implement functions like breakeven or trailing stops based on instant prices, you'll need to backtest it in every tick mode to ensure optimal performance.

2019.01.12

MetaTrader4

Mastering Auto Adjusting EA for MetaTrader 4: Trading Made Easy

Are you looking to level up your trading game? Let me introduce you to the Auto Adjusting Expert Advisor (EA) for MetaTrader 4. This handy tool utilizes three moving averages (MAs) and candlestick patterns to manage your trailing stop loss and take profit effectively. It’s primarily designed for the 4-hour time frame, making it ideal for trading major forex pairs and NASDAQ stocks. Here’s a quick rundown of what makes this EA stand out: This EA trades solely based on the price of the open candle! Input Settings Use_TP_In_Money: Enables Take Profit in monetary value (values: true/false). TP_In_Money: Set your Take Profit in money (values: 10-100). Use_TP_In_Percent: Enables Take Profit in percentage (values: true/false). TP_In_Percent: Set your Take Profit in percentage (values: 10-100). ------------[Money Trailing Stop For Multiple Trades]---------------------- Enable_Trailing: Turn on trailing with monetary value (values: true/false). Take Profit In Money: Define in current currency (values: 25-100). Stop Loss In Money: Define in current currency (values: 1-20). ----------------------------------------------------------------------------------- PADAMOUNT: Pips beyond candle to stop (values: 10-50). RISKPRESENT: Risk percentage (values: 0.1-1). REWARD_RATIO: Reward Ratio (values: 2-4). CANDELSBACK: Number of candles for min/max (values: 1-50). Mom_Sell: Momentum Sell trigger (values: 0.1-0.9). Mom_Buy: Momentum Buy trigger (values: 0.1-0.9). MagicNumber: Assign a magic number (values: 1-100000). How to Perform a Backtest Ready to see how this EA performs? You can easily backtest it by following this link.

2019.01.11

MetaTrader4

Mastering the Candle Trailing Stop: Your Go-To Expert Advisor for MetaTrader 4

If you're looking to enhance your trading game, the Candle Trailing Stop Expert Advisor (EA) could be your new best friend. This EA utilizes three moving averages and employs candles for trailing stop loss and take profit, making it particularly effective on the 4-hour time frames of major forex pairs and NASDAQ stocks. Before diving in, here are a few tips to get you started: Test it on a demo account first! This EA only trades based on the opening price of each candle. If you prefer not to increase your lot size after a losing trade, set IncreaseFactor=0. Input Settings Use_TP_In_Money: Enable Take Profit in Money (values: true/false). TP_In_Money: Take Profit in Money (values: 10-100). Use_TP_In_percent: Enable Take Profit in Percent (values: true/false). TP_In_Percent: Take Profit in Percent (values: 10-100). Enable_Trailing: Activate trailing stop with money (values: true/false). Take Profit In Money: Set your take profit amount (values: 25-200). Stop Loss In Money: Set your stop loss amount (values: 1-20). Exit: Close trades if the trend goes against you to manage drawdown (values: true/false). Tick: Choose between every tick or open prices (values: true/false). Lots: Set lot size (values: 0.01-1). Lots size Exponent: Adjust lot size based on margin (values: 1.01-2). IncreaseFactor: Specify how much to increase lots after a losing trade (values: 0.001-0.1). Stop_Loss: Define your stop loss value (values: 30-500; set to 600 for multiple trades). MagicNumber: Assign a unique magic number (values: 1-100000). TakeProfit: Set your take profit (values: 50-200; set to 600 for multiple trades). FastMA: Define the fast moving average (values: 1-20). SlowMA: Define the slow moving average (values: 50-200). Mom_Sell: Set momentum sell trigger (values: 0.1-0.9). Mom_Buy: Set momentum buy trigger (values: 0.1-0.9). UseEquityStop: Enable equity stop (values: true). TotalEquityRisk: Set your total equity risk (values: 0.01-20). Max_Trades: Define max trades (values: 1-12). FractalNum: Set the number of highs and lows (values: 1-10). USETRAILINGSTOP: If you want to use a trailing stop (values: true/false). WHENTOTRAIL: Define when to start trailing (values: 40-100). TRAILAMOUNT: Set the trail amount (values: 40-100). Distance From Candle: Specify distance from the candle (values: 1-100). USEMOVETOBREAKEVEN: Enable break-even (values: true/false). WHENTOMOVETOBE: Define when to move to break-even (values: 1-30). PIPSTOMOVESL: Specify how many pips to move stop loss (values: 1-30). Remember, it's crucial to optimize this EA every few months using the same input settings mentioned above. You can use it as a hedging grid EA or for single trades. For those interested in backtesting, check out this link for a comprehensive guide: How to Perform a Backtest.

2019.01.08