FMOneEA: Your Go-To Scalping System for MetaTrader 4

If you're on the lookout for a reliable scalping system for MetaTrader 4, look no further than FMOneEA. Designed to operate exclusively on the one-hour timeframe (H1), this Expert Advisor is tailored for traders who thrive on quick, strategic trades.

FMOneEA utilizes a combination of the ZigZag and MACD indicators, ensuring that your trading decisions are based on robust technical analysis. Just a quick heads up: make sure that the ZigZag indicator is properly placed in your <terminal_data_folder>\MQL4\Indicators\. We hope you find this tool beneficial!

Default Settings for FMOneEA

The default properties for FMOneEA are set for optimal performance, as reflected in the Strategy Tester results below.

Last Modified: 17/07/2015

Recent Updates

Update (21/04/2015):

• Enhanced signal formula for increased accuracy.
• Introduced a Redemption function for recovering Loss Orders.

Update (29/04/2015):

• Fixed the code for Redemption and added an option for multiplying Lost Redemption.
• Improved code for break movements.
• Simplified the signal formula.

Update (26/05/2015):

• Fixed code related to Lots Redemption.
• Boosted the speed of the EA process.
• Improved code for Trailing Stop and Trailing Profit.

When using settings like UseTrailingStop = True, AutoTrailingStop = True, and AutomaticTakeProfit = True, both your Stop Loss and Take Profit will be trailing, giving you a dynamic edge in trading.

Update (2/06/2015):

• Corrected an error in the FM1Redemption() function.
• Added scripts to move Stop Loss to the Break-Even Point (BEP) if the order is profitable before the Trailing Stop kicks in.
• Introduced an option for Maximum Lot Redemption for multiplied Lots Redemption.
• Fixed the signal calculation formula in the FMOneCalculation() function.

Update (16/07/2015):

• Corrected an error related to variable arrays timeframe (the array mat [4] was out of range in update 5).

Update (17/07/2015): (Update_07)

• Simplified the signal formula by removing the ZigZag indicator.

Update (17/08/2015): (Update_08)

• Improved the overall program structure.
• Fixed bugs in order opening.

Testing Results