Essential EA Template for MetaTrader 4: Your Guide to Profitable Trading

Author: Inovance - Visit Inovance Tech

Looking for a solid way to enhance your trading game? This robust EA template is designed specifically for MetaTrader 4 to help you effectively manage your take profit and stop loss levels, enter and exit trades, and tackle those pesky terminal issues like crashes or disconnects.

Getting started is a breeze! Simply input your entry conditions in the "Long and Short Entry Conditions" section at the bottom of the EA. For long conditions, make sure to return "1" in the LongSignal() function, and for short conditions, return "-1" in the ShortSignal() function.

When your conditions are met, the EA will place a single Buy or Sell order. If both long and short conditions are triggered, no orders will be placed. It smartly exits trades when take profit or stop loss levels are reached or if it detects a signal in the opposite direction, allowing it to close the current trade and open a new one as needed.

EA Inputs

Check out the "Long and Short Entry Conditions" section with an example strategy below (note: this is purely a demonstration strategy.)

//+------------------------------------------------------------------+
//| Long and Short Entry Conditions                                   |
//+------------------------------------------------------------------+
int indCCI0period = 14; // Indicator 1 period
int indRSI1period = 14; // Indicator 2 period
//+------------------------------------------------------------------+
//| Long Entry(Return "1" for long entry, "0" for no entry)        |
//+------------------------------------------------------------------+
int LongSignal()
  {
   double CCI0 = iCCI(NULL,0,indCCI0period,PRICE_CLOSE,1);
   double RSI1 = iRSI(NULL,0,indRSI1period,PRICE_CLOSE,1);
   int match=0;
   if(CCI0>-200 && CCI0<=-150) match++;
   else if(CCI0>-100 && CCI0<=-50) match++;
   if(RSI1>0 && RSI1<=25) match++;
   if(match == 2) return 1;
   return 0;
  }
//+------------------------------------------------------------------+
//| Short Entry(Return "-1" for short entry, "0" for no entry)    |
//+------------------------------------------------------------------+
int ShortSignal()
  {
   double CCI0 = iCCI(NULL,0,indCCI0period,PRICE_CLOSE,1);
   double RSI1 = iRSI(NULL,0,indRSI1period,PRICE_CLOSE,1);
   int match=0;
   if(CCI0 > 50 && CCI0 <= 150) match++;
   if(RSI1 > 80 && RSI1 <= 100) match++;
   if(match == 2) return -1;
   return 0;
  }

Tips for Success:

• This EA works well with both 4- and 5-digit brokers.
• Always run it on a demo account first to test its performance.
• Keep in mind that the example strategy shown here is just for demonstration purposes.