Beginner's Guide to Stochastic EA for MetaTrader 4

Mike 2016.02.19 00:40 21 0 0
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Author: Mohammad Soubra

Hey traders! Today, I want to share a simple yet effective EA designed for MetaTrader 4. This is my second piece of code that I've published in our trading community, and I’m excited to share it with you all.

The main idea behind this Expert Advisor is to utilize the Stochastic oscillator's basic principles. You can tweak the parameters directly through the EA inputs, allowing for some customization to fit your trading style.

Important Note: This EA is primarily for coders and those of you who are just starting to dive into Forex programming. I recommend using it solely on demo accounts or in the Strategy Tester. Please, steer clear of using it in live trading environments.

Stochastic EA Example

Recommendations for Use:

  • Absolutely avoid using this EA on a real account.
  • Feel free to modify the source code and share it with others!
  • I’d love to hear your thoughts, so don’t hesitate to leave a comment.
  • Experiment with different settings and parameters in the "Inputs" tab, just like in the image below, to see how it affects your results.
  • Have fun with it!

Input Parameters for Stochastic EA

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