System Trading

Mastering Moving Averages with Expert Advisors in MetaTrader 4

1. ENTRY RULE Long Entry: We kick off our long positions when we spot a Golden Cross. Make sure the previous moving average is above the shorter-term moving average. The moving average from two periods ago should be below the shorter-term moving average. Lastly, the moving average from two periods ago needs to be lower than the previous short-term moving average. If all three of these conditions come together, we’ve got ourselves a Golden Cross and it’s time to jump into a long position. Short Entry: For short positions, we look for a Dead Cross. Check that the previous moving average is below the shorter-term moving average. The moving average from two periods ago should be above the shorter-term moving average. Finally, the moving average from two periods ago must be higher than the previous short-term moving average. If these three criteria are met, we can confidently enter a short position, marking the Dead Cross. 2. EXIT RULE We manage our entries strictly with stop-loss and take-profit orders. The stop-loss point is set a certain distance away from the mid-term moving average. Take-profit orders are placed at the same distance but on the upside, keeping things fair for our trades. 3. BACKTEST RESULT

2023.09.16

MetaTrader5

Mastering RSI and Martingale: Your Guide to an Effective Trading EA for MetaTrader 5

If you’re looking to up your trading game, this Expert Advisor (EA) leverages the Relative Strength Index (RSI) to pinpoint the best entry and exit points in the market. By analyzing the last BarsForCondition candles, it adapts to the current market conditions, helping you make informed decisions. Entry and Exit Strategy Entry: The EA opens trades based on signals from the RSI indicator. Buy: when RSI hits a minimum over the specified BarsForCondition bars. Sell: when RSI reaches a maximum over the specified BarsForCondition bars. Exit: Positions are closed once they hit the Take Profit or Stop Loss levels, which you can set in points using the TakeProfit and StopLoss parameters. Signal Filtering Time: This EA only trades within the time frame you set between StartTime and EndTime. News Avoidance: It avoids trading during specified periods that you can set in the NewsTimeToAvoid parameter. Spread: You can define the maximum spread allowed with the MaxSpread parameter. Additional Settings Martingale Strategy: This EA can implement a Martingale approach to boost the lot size during market reversals. Activate this feature using the Upheaval parameter along with the MartingaleMultiplier. With the right settings, you can harness the power of RSI and Martingale to refine your trading strategy. Happy trading!

2023.09.12

MetaTrader4

Unlock Your Trading Potential with MaybeAwo EA for MetaTrader 4

Key Features: Moving Average Entry: MaybeAwo EA employs a straightforward moving average to pinpoint potential entry points. When the market aligns with the moving average crossover strategy, it can trigger buy or sell orders seamlessly. Customizable Parameters: Tailor the EA to fit your unique trading style! You can adjust input parameters like moving period, lot size, stop loss, take profit, breakeven levels, and even specify trading hours. This flexibility means you can adapt the EA across different asset classes. Breakeven Functionality: Protect your profits with the EA’s two breakeven levels. Once a trade goes into profit, it can automatically shift the stop loss to your breakeven level, ensuring you lock in those gains. Plus, you can tweak the breakeven distances to suit your trading needs. Trailing Stop: As your trade moves in your favor, the EA can implement a trailing stop. This handy feature helps you secure profits during strong trends by adjusting the stop loss level accordingly. Start and End Hours: Set specific trading hours for the EA to operate. This allows you to concentrate your trading efforts during peak market sessions, making your trading more strategic. Important Reminders: Take the time to thoroughly review and adjust the input parameters so that the EA aligns with your personal trading strategy. Always test the EA on a demo account before going live. This step is crucial to understand its performance. Keep an eye on the EA’s performance and be ready to tweak parameters as market conditions evolve. Disclaimer: Trading involves risks, and while MaybeAwo EA can enhance your trading experience, it does not guarantee profits. Use it responsibly and always stay aware of the risks associated with automated trading.

2023.09.10

MetaTrader4

Mastering the Ranged Grid Bot EA for MetaTrader 4: Your Complete Guide

Welcome back, traders! Today, we’re diving into the latest updates on the Ranged Grid Bot EA for MetaTrader 4. This nifty tool is all about enhancing your trading game with some smart automation. UPDATE: Version 1.01 Added a unique magic number for better order management Now supports multiple symbols—attach it to different charts on the same account Time control feature has been integrated for more precise trading New option to close all trades automatically at the end of the trading session So, how does this EA work? It builds a grid of pending limit orders that are spaced evenly, taking into account:  - The current market price: sell-limit orders are placed above, and buy-limit orders are positioned below  - The trading range, calculated using the weekly highs and lows Once the orders are executed, the EA takes over to manage them effectively. Here’s the core logic: IF #EXECUTED ORDERS == 2OPEN A NEW LIMIT ORDER AT THE PENDING PRICE IF #EXECUTED ORDERS > TOTAL - 2RESET THE LIMIT ORDERS TO THE PREVIOUS RANGE Want to see the strategy in action? Check out the video below!

2023.09.03

MetaTrader5

Mastering MetaTrader 5: The RectangleTest EA Explained

Hey there, fellow traders! If you’re looking to up your game with MetaTrader 5, let’s dive into the RectangleTest EA. This handy tool leverages the power of the Rectangle, EMA, and SMA indicators to give you a leg up in the market. Here’s a quick rundown of the EA settings you’ll want to keep in mind: 1. Magic Number: This unique identifier helps you manage multiple trades. 2. Commentary: Add notes for your trades for better tracking. 3. EMA Small: Set the parameters for your Exponential Moving Average. 4. SMA Big: Define your Simple Moving Average settings. 5. Volumes: Customize your trading volume settings. 6. Daily Stop Loss: Determine your risk management strategy with a daily stop loss. 7. SL Points: Specify your stop-loss points. 8. TP Points: Set your take-profit points. 9. Rectangle Settings: Adjust the rectangle settings for your trades. 10. Time Filter: Implement a time filter to optimize your trading hours. Update: --- Risk management has been applied to the position. --- Check out these charts to see the performance over the last ten years:

2023.07.29

MetaTrader5

Unlocking the Power of Trailing Take Profit in MetaTrader 5

Understanding Trailing Take ProfitMany of you are familiar with the concept of a Trailing Stop, which moves your stop loss up to lock in profits as the price rises. But have you heard about the Trailing Take Profit? This innovative feature is designed to trail your take profit level when your position is in the red, helping to minimize losses rather than just securing profits.Here’s how it works: Let’s say you’re holding a position that’s currently showing a loss. When the price reaches a certain point known as TailingTPStart (for instance, 500 points away from your entry price), your take profit will start to trail the price. The TailingTPDistance is the maximum distance allowed between the trailing take profit and the current price, providing a buffer to potentially recover from losses.This might sound like a game-changer! While it won’t eliminate losses entirely, using this concept with an EA can help you reduce the depth of your losses when you’re trading without a stop loss.How to Set Up Trailing Take ProfitReady to give it a shot? Here’s a simple step-by-step guide to set up your Trailing Take Profit EA:Start by running the Trailing Take Profit EA.Ensure TrailingTP_Mode is set to true for the EA to activate.Input your symbol name, for example, GBPUSD, in the EA settings.Set your TailingTPStart level, which determines how far the price needs to move before the take profit starts trailing.Finally, configure the TailingTPDistance, specifying the maximum distance between the take profit and the current price.This new tool could be just what you need to refine your trading strategy and manage your losses effectively. Give it a try and share your experiences!

2023.07.11

MetaTrader4

Unlocking Profits: A Guide to Grid Trading Bots for MetaTrader 4

If you’re diving into grid trading, you’re in for an exciting ride! This strategy revolves around some pretty intriguing entry criteria and includes handy functions that I’ve leveraged to build this trading bot. Recently, it’s shown promising potential in the markets, but a few tweaks are necessary before you start testing it on a demo account or with real cash. Just a heads-up, the backtesting is done with a leverage of 30. Here’s a quick rundown of the four key inputs: Take Profit (TP): This is the multiplier of your total investment. For instance, if you’ve invested $1,000 and set the TP to 0.05, your bot will close trades as soon as you hit a $50 profit. Multiplier: This refers to the volume multiplier within the grid. MaPeriod: This is the moving average period used in the Bollinger Bands. Oh, and one more thing—the Stop Loss is set to 10 times the take profit. That means you’re keeping a tight leash on your trades. Hope this info helps you out on your trading journey!

2023.07.09

MetaTrader4

Unlocking the KA-Gold Bot: Your Go-To Expert Advisor for MetaTrader 4

Hey traders! Today, we're diving into the KA-Gold Bot, a fantastic Expert Advisor designed specifically for MetaTrader 4. If you're looking to take your trading game to the next level, this bot could be just what you need. Check Out These Videos To help you get started, I've found a few videos that break down how the KA-Gold Bot operates, along with tips on setting it up. Video 1: Video 2: Video 3: These videos will give you a clearer picture of how to harness the power of the KA-Gold Bot for your trading strategies. Trust me; you won't want to miss out on the insights they offer! Happy trading, and may your pips be plentiful!

2023.07.08

MetaTrader4

How to Easily Filter Open Orders in MetaTrader 4 for Your Expert Advisor

Hey fellow traders! If you’re just starting out in the world of developing Expert Advisors (EAs) for MetaTrader 4, you might have run into a bit of a snag when it comes to detecting open orders. Many novice developers struggle with figuring out whether there are any open orders without relying on the OrdersTotal() function. The catch here is that OrdersTotal() doesn’t differentiate between orders opened by your EA and those opened manually; it simply gives you the total count. That’s why I’ve put together this straightforward code snippet that will help you check for open orders more effectively. I’ve incorporated the Comment() function to give you a real-time demonstration of the Check_Open_Orders function in action. Don't worry if you’re new to coding - the code is packed with detailed comments to guide you through the process. I genuinely hope you find it helpful and that it enhances your trading experience!

2023.06.13

MetaTrader5

Unlock Profits with the AK-47 Scalper EA for MetaTrader 5

Hey there, fellow traders! Today, I’m excited to dive into the AK-47 Scalper EA – a robust trading system designed for MetaTrader 5. Whether you're a newbie trying to get your feet wet or a seasoned pro looking to optimize your strategies, this EA could be a game-changer for you! 1. Input Parameters #define ExtBotName "AK-47 EA" // Bot Name #define Version "1.00" // Import input classes #include <Trade\PositionInfo.mqh> #include <Trade\Trade.mqh> #include <Trade\SymbolInfo.mqh> #include <Trade\AccountInfo.mqh> #include <Trade\OrderInfo.mqh> //--- Define variables for code readability #define Ask SymbolInfoDouble(_Symbol, SYMBOL_ASK) #define Bid SymbolInfoDouble(_Symbol, SYMBOL_BID) //--- Input parameters input string EASettings = "---------------------------------------------"; // EA Settings input int InpMagicNumber = 124656; // Magic Number input string MoneySettings = "---------------------------------------------"; // Money Settings input bool isVolume_Percent = true; // Allow Volume Percent input double InpRisk = 3; // Risk Percentage of Balance (%) input string TradingSettings = "---------------------------------------------"; // Trading Settings input double Inpuser_lot = 0.01; // Lots input double InpSL_Pips = 3.5; // Stoploss in Pips input double InpTP_Pips = 7; // TP in Pips (0 = No TP) input int InpMax_slippage = 3; // Maximum slippage allowed in Pips input double InpMax_spread = 5; // Maximum allowed spread in Points (0 = floating) input string TimeSettings = "---------------------------------------------"; // Trading Time Settings input bool InpTimeFilter = true; // Trading Time Filter input int InpStartHour = 2; // Start Hour input int InpStartMinute = 30; // Start Minute input int InpEndHour = 21; // End Hour input int InpEndMinute = 0; // End Minute 2. Local Variables Initialization //--- Variables int Pips2Points; // slippage 3 pips, 3=points, 30=points double Pips2Double; // Stoploss 15 pips, 0.015 bool isOrder = false; int slippage; long acSpread; string strComment = ""; CPositionInfo m_position; // trade position object CTrade m_trade; // trading object CSymbolInfo m_symbol; // symbol info object CAccountInfo m_account; // account info wrapper COrderInfo m_order; // pending orders object 3. Main Code a/ Expert Initialization Function int OnInit() { // 3 or 5 digits detection // Pip and point if (_Digits % 2 == 1) { Pips2Double = _Point * 10; Pips2Points = 10; slippage = 10 * InpMax_slippage; } else { Pips2Double = _Point; Pips2Points = 1; slippage = InpMax_slippage; } if (!m_symbol.Name(Symbol())) // sets symbol name return(INIT_FAILED); RefreshRates(); m_trade.SetExpertMagicNumber(InpMagicNumber); m_trade.SetMarginMode(); m_trade.SetTypeFillingBySymbol(m_symbol.Name()); m_trade.SetDeviationInPoints(slippage); return(INIT_SUCCEEDED); } b/ Expert Tick Function void OnTick() { if (TerminalInfoInteger(TERMINAL_TRADE_ALLOWED) == false) { Comment("LazyBot\nTrade not allowed."); return; } MqlDateTime structTime; TimeCurrent(structTime); structTime.sec = 0; // Set starting time structTime.hour = InpStartHour; structTime.min = InpStartMinute; datetime timeStart = StructToTime(structTime); // Set Ending time structTime.hour = InpEndHour; structTime.min = InpEndMinute; datetime timeEnd = StructToTime(structTime); acSpread = SymbolInfoInteger(_Symbol, SYMBOL_SPREAD); strComment = "\n" + ExtBotName + " - v." + (string)Version; strComment += "\nServer time = " + TimeToString(TimeCurrent(), TIME_DATE | TIME_SECONDS) + " - " + DayOfWeekDescription(structTime.day_of_week); strComment += "\nTrading time = [" + (string)InpStartHour + "h" + (string)InpStartMinute + " --> " + (string)InpEndHour + "h" + (string)InpEndMinute + "]"; strComment += "\nCurrent Spread = " + (string)acSpread + " Points"; Comment(strComment); // Update Values UpdateOrders(); TrailingStop(); // Trading conditions based on time filter if (InpTimeFilter) { if (TimeCurrent() >= timeStart && TimeCurrent() < timeEnd) { if (!isOrder) OpenOrder(); } } else { if (!isOrder) OpenOrder(); } } 3.1 Calculate Signal to Send Orders void OpenOrder() { ENUM_ORDER_TYPE OrdType = ORDER_TYPE_SELL; double TP = 0; double SL = 0; string comment = ExtBotName; // Calculate Lots double lot1 = CalculateVolume(); if (OrdType == ORDER_TYPE_SELL) { double OpenPrice = Bid - NormalizeDouble(InpSL_Pips / 2 * Pips2Double, _Digits); TP = OpenPrice - NormalizeDouble(InpTP_Pips * Pips2Double, _Digits); SL = Ask + NormalizeDouble(InpSL_Pips / 2 * Pips2Double, _Digits); if (CheckSpreadAllow() && CheckVolumeValue(lot1) && CheckOrderForFREEZE_LEVEL(ORDER_TYPE_SELL_STOP, OpenPrice) && CheckStopLoss(OpenPrice, SL, TP) && CheckMoneyForTrade(m_symbol.Name(), lot1, ORDER_TYPE_SELL)) { if (!m_trade.SellStop(lot1, OpenPrice, m_symbol.Name(), SL, TP, ORDER_TIME_GTC, 0, comment)) Print(__FUNCTION__, "--> OrderSend error ", m_trade.ResultComment()); } } // Add more conditions for ORDER_TYPE_BUY similarly... } 3.2 Calculate Volume double CalculateVolume() { double LotSize = 0; if (isVolume_Percent == false) { LotSize = Inpuser_lot; } else { LotSize = (InpRisk) * m_account.FreeMargin(); LotSize = LotSize / 100000; double n = MathFloor(LotSize / Inpuser_lot); LotSize = n * Inpuser_lot; if (LotSize < Inpuser_lot) LotSize = Inpuser_lot; if (LotSize > m_symbol.LotsMax()) LotSize = m_symbol.LotsMax(); if (LotSize < m_symbol.LotsMin()) LotSize = m_symbol.LotsMin(); } return LotSize; } 3.3 EA's Trailing Stop Function void TrailingStop() { double SL_in_Pip = 0; for (int i = PositionsTotal() - 1; i >= 0; i--) { if (m_position.SelectByIndex(i)) { if ((m_position.Magic() == InpMagicNumber) && (m_position.Symbol() == m_symbol.Name())) { // For Buy orders if (m_position.PositionType() == POSITION_TYPE_BUY) { SL_in_Pip = NormalizeDouble(Bid - m_position.StopLoss(), _Digits) / Pips2Double; if (SL_in_Pip > InpSL_Pips) { double newSL = NormalizeDouble(Bid - InpSL_Pips * Pips2Double, _Digits); if (!m_trade.PositionModify(m_position.Ticket(), newSL, m_position.TakeProfit())) { Print(__FUNCTION__, "--> OrderModify error ", m_trade.ResultComment()); continue; } } } // For Sell orders... Add similar logic for sell... } } } }

2023.06.12

MetaTrader5

Mastering Equity-Based Position Closure in MetaTrader 5

Hey there, fellow traders! Today, let’s dive into an essential aspect of trading: closing equity-based positions in MetaTrader 5. Whether you’re a seasoned pro or just starting out, understanding how to effectively manage your positions can make a world of difference in your trading journey.Why Position Closure MattersClosing a position at the right time is crucial. It can help you lock in profits or minimize losses. When you're trading, especially in volatile markets, having a solid strategy for position closure can keep your trading account healthy.How to Close Positions in MetaTrader 5MetaTrader 5 makes it pretty straightforward to close your positions. Here’s a quick rundown:Find Your Open Positions: Navigate to the 'Trade' tab in the terminal window. Here, you’ll see a list of all your open positions.Select the Position: Click on the position you want to close. It's as easy as pie!Hit the Close Button: Look for the close button, and give it a click. You can also adjust the close parameters if you want to fine-tune your exit.Confirm Your Action: Make sure everything looks good and confirm your closure. And just like that, you’re out!Tips for Effective Position ClosureHere are a few handy tips to consider when closing your positions:Set Profit Targets: Always have a clear target in mind. It helps prevent emotional decision-making.Use Trailing Stops: This can allow you to capture more gains while protecting your downside.Stay Informed: Keep an eye on market news and trends that could impact your positions.So, there you have it! Mastering the art of equity-based position closure in MetaTrader 5 can really elevate your trading game. Remember, it’s all about making informed decisions to maximize your success. Happy trading!

2023.05.27

MetaTrader5

Mastering Martingale Levels for Effective Money Management in MetaTrader 5

If you're diving into the world of trading, understanding money management is crucial. This Expert Advisor (EA) is designed to help you manage your trades using a martingale strategy with a multiplier. Here’s a step-by-step guide on how to get the most out of this EA: Always run the EA before opening any positions to ensure optimal results. Load the MartingaleEA-5Levels on your chosen chart. Make sure the Martingale Mode is set to true. Input the currency pairs you want to trade, like EUR/USD or GBP/USD. Select your martingale multiplier and enter it in the Martingale Volume Multiplier field. For instance, if you set this to 2, and your first position is 1 lot, the second will be 2 lots and the third will be 4 lots. This EA can open a maximum of 5 martingale positions, so enter a number between 1 and 5 in the Number Of Martingale Trading field. In the distances field (from distance 1 to distance 5), specify the pips or points for the spacing between each position. In the Close all positions when total take profit is field, input a target like 100. When all martingale positions reach a total profit of $100, all open positions will close automatically. For the Close all positions when total stop loss is field, enter a limit such as -500. If your total loss reaches -$500, all open trades will be closed.

2023.05.24

MetaTrader4

Mastering the Ma Price Cross: Your Go-To EA for MT4

If you're looking to optimize your trades on the EUR/USD pair, the Ma Price Cross EA is a tool you'll want to have in your arsenal. It's designed to work best on the 15-minute timeframe, making it ideal for those of us who thrive on quick trades. This Expert Advisor for MetaTrader 4 (MT4) takes a straightforward approach: it buys when the price breaks above the Moving Average (MA) and sells when it dips below. It's a no-nonsense strategy that can help you capitalize on market movements. One of the great features of this EA is the flexibility it offers. You can set your preferred trading hours based on server time, allowing you to align your trades with your schedule. Plus, you have the option to customize key parameters such as: Stop Loss: Protect your capital by setting a limit on potential losses. Take Profit: Secure your gains by defining your target profit level. Lot Size: Adjust your trade size according to your risk appetite. Magic Number: Keep your trades organized by assigning unique identifiers. Moving Average Settings: Customize the MA parameters to fit your trading strategy. With the Ma Price Cross EA, you’re not just trading; you’re trading smart. Whether you're a seasoned trader or just starting, this tool can help you make informed decisions and enhance your trading experience.

2023.04.29

MetaTrader5

Mastering Dynamic Trailing Stop Loss and Profit Target Management for MT5

In the fast-paced world of trading, having a sturdy risk management strategy is key to ensuring your success. Today, we're diving into a handy code that can help you manage your trades more effectively in MetaTrader 5. So, what does this code do? Simply put, it’s all about managing your existing trades based on specific input parameters. The main goal here is to close trades when they hit a profit or loss threshold, while also using a trailing stop loss to secure your profits as the trade moves in your favor. Understanding the Code Here’s a quick breakdown of how this code works: It starts by including the necessary header files for trade and symbol information classes. Next, we define input parameters, such as risk percentage, profit percentage, and trailing stop points. Global variables are set up for trade and symbol information objects, which are crucial for managing trades. The OnInit function initializes the symbol information object and checks for any errors. For the OnDeinit function, there’s nothing to worry about in this case; it simply does nothing. The real action happens in the OnTick function, which gets triggered every time a new tick comes in, calling the CheckTrades function. The CheckTrades function goes through all open positions, checking if each belongs to the current symbol. If it does, it calculates the current profit and sees if the profit or loss thresholds are hit. If so, it closes the position. If neither threshold is hit, it checks whether the position type is a buy or sell order and updates the stop loss level with a trailing stop loss. If the new stop loss level is more favorable than the current one, the position gets modified with this new level. In summary, this code offers a straightforward risk management strategy, allowing you to adjust your stop loss dynamically based on a trailing stop loss while closing trades when specific profit or loss thresholds are reached. It’s a simple yet effective way to keep your trading on the right track!

2023.04.28

MetaTrader5

Maximize Your Trading with This MT5 EA for Multiple Orders

If you’re looking to streamline your trading process, this Expert Advisor (EA) for MetaTrader 5 (MT5) might just be the tool you need. Designed to open multiple buy and sell orders based on your preferences, this EA is all about making your trading experience smoother and more efficient. Key Features of the EA User-Friendly Interface: The EA comes equipped with straightforward Buy and Sell buttons that allow you to quickly open multiple orders with just a click. Customizable Inputs: You can set the number of buy and sell orders, along with risk percentage per trade, stop loss, take profit, and slippage—all tailored to your trading strategy. Lot Size Calculation: The EA automatically calculates the optimal lot size based on your specified risk percentage and stop loss, helping you manage your capital effectively. Spread and Slippage Checks: Before executing any trades, it checks the spread against your configured slippage to ensure you’re getting the best price possible. When you hit the Buy or Sell button, the EA will work its magic, opening the specified number of orders with the calculated lot size, stop loss, and take profit levels in place. However, keep in mind that this EA is a basic example. It might not be ready for live trading right out of the box, so you’ll want to tweak and optimize it to fit your style. Always make sure to test any trading algorithm in a demo account before diving into the real market with your hard-earned cash.

2023.04.27

MetaTrader5

Mastering Risk Management with CheckTrades for MetaTrader 5

Welcome, fellow traders! Today, we’re diving into a handy tool that can take your trading game to the next level: CheckTrades, an Expert Advisor (EA) designed for MetaTrader 5. This EA operates on a simple yet crucial principle: it helps you manage risk by closing open positions once they hit a predefined profit or loss threshold, calculated as a percentage of your account balance. It’s all about protecting your hard-earned capital! How CheckTrades Works Now, let’s break down how this EA functions. Keep in mind that it doesn’t provide entry signals or market timing—its main goal is to manage your existing positions. Here are the external variables you’ll use: RiskPercentage: This represents the maximum loss you’re willing to take on a single trade, expressed as a percentage of your account balance. If the loss on an open position hits this percentage, the EA will automatically close the position to limit your risk. ProfitPercentage: This variable sets your target profit per trade, also as a percentage of your account balance. Once your open position reaches this profit percentage, the EA will close it, ensuring you lock in those gains! Since CheckTrades is focused on risk management, it’s versatile and can be applied to any trading symbol or timeframe. However, it’s crucial to pair it with a solid trading strategy that includes entry signals and additional trade management rules to create a comprehensive trading system. If you're thinking about using this code as an include file, just drop it in your MQL5\Include folder. Its primary function will be to assist in managing risk by closing positions based on your defined profit and loss limits. You can easily combine it with other include files that handle different tasks, such as calculating position sizes based on your account risk or implementing trailing stop-loss strategies. Just use the #include directive in your main EA file to integrate CheckTrades, and call the CheckTrades() function whenever you need to manage your open positions. Happy trading, and may your profits soar!

2023.04.25

MetaTrader4

Mastering ChartButtons in MetaTrader 4: A Complete Guide for Traders

Hey there, fellow traders! Today, we’re diving into the world of ChartButtons in MetaTrader 4. If you've ever wanted to take your charting skills to the next level, you're in the right place. The ChartButton class is a game changer, enabling you to create buttons right on your charts that act just like chart objects. These buttons come complete with time and price coordinates, allowing you to drag them around without losing their place, even when you scroll. It’s a fantastic way to enhance your trading setup! If you’re keen on learning some Object-Oriented Programming or want to get a grip on how chart events operate, this is your chance. You’ll gain valuable insights into crafting graphical interfaces that can make your trading experience more intuitive. So, what's the magic behind these buttons? They react to changes on your chart and to mouse movements. When your mouse meets the specified conditions, the button becomes selectable and draggable. I keep tabs on the dragging action using a custom chart event called EVENT_DRAG. The button's onChartEvent function is called within the built-in OnChartEvent function, seamlessly passing information to various handler functions. Curious to see it all in action? Check out the tutorial video I’ve put together to showcase the basic concepts:

2023.04.24

MetaTrader5

Mastering Chart Buttons in MT5: A Guide for Traders

If you're looking to enhance your trading experience on MetaTrader 5, the ChartButton Class is a game changer. This nifty feature allows you to create buttons directly on your chart that act like chart objects. They come with time and price coordinates, making them easy to drag around. Plus, when you scroll, these buttons stay put, providing a seamless trading interface. Whether you're diving into Object-Oriented Programming or just want to grasp how chart events function, this class offers plenty of learning opportunities. It's perfect for traders who want to add a bit of flair to their graphical interfaces. The magic behind this functionality is its responsiveness to chart changes and mouse movements. When your mouse hovers over the button under the right conditions, it becomes selectable and draggable. I'm constantly monitoring this action using a custom chart event called EVENT_DRAG. The button's onChartEvent function is triggered within the built-in OnChartEvent function, which then passes the necessary information to various handler functions. Want to see it in action? Check out my YouTube tutorial where I break down the concept behind the ChartButton Class:

2023.04.24

MetaTrader4

Boost Your Trading Strategy with Auto Take Profit Multiplier for MetaTrader 4

Enhance Your Trading with Auto TP Multiplier Are you looking to take your trading game to the next level? The Auto Take Profit (TP) Multiplier is a fantastic tool for traders using MetaTrader 4. This feature allows you to set your Take Profit based on a Stop Loss (SL) that you define, using a simple input multiplier. With this setup, you can easily configure your TP to be 2, 3, or even 4 times greater than your SL, depending on your trading strategy. Flexible Settings: Adjust your TP according to market conditions and your risk appetite. Maximize Profits: By scaling your TP, you can potentially increase your returns on successful trades. Easy to Use: Simply input your desired multiplier to set your TP automatically. This feature is perfect for those who want to automate their trading strategy while maintaining control over their risk management. Give it a try and see how it can enhance your trading experience!

2023.04.21

MetaTrader4

Adjusting TP/SL by Percentage in MetaTrader 4: A Trader's Guide

If you're looking to fine-tune your trading strategy in MetaTrader 4, our handy tool can help you adjust the Take Profit (TP) and Stop Loss (SL) for all your open orders based on a specific percentage. This approach can help you manage your risk effectively while maximizing your potential profits.Here are some tips to get started: Uniform Orders: Make sure you're adjusting the TP/SL for orders on the same symbol. It ensures consistency and accuracy. Set Your Leverage: It’s crucial to align your leverage settings with what’s indicated in the tool. For example, if your leverage is 1:200, you’ll want to input 0.5; for 1:100, it’s 1; and for 1:400, it should be 0.25. Load the Right Chart: Always load the specific symbol chart before applying the tool to ensure you're working with the correct data. By following these recommendations, you can streamline your trading process and make informed decisions more efficiently. Happy trading!

2023.04.20

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