"Build With Own Sketch" - Lego EA (or Panel Of Switches)
Info
The "Build With Own Sketch" - Lego EA (or Panel Of Switches) is a Expert Advisor for MetaTrader 4 that if you want to authomatize already taken well-designed strategy. Or simply save your time.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use "Build With Own Sketch" - Lego EA (or Panel Of Switches)
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
If you want to authomatize already taken well-designed strategy.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Risk Sizer Panel Lite MT4 - Risk Percent Lot Calculator With One Click Buy Sell - another powerful expert for MetaTrader 4 traders.
Also recommended: error EA but with run with profit! - similar expert with strong performance on MetaTrader 4.
If you want to authomatize already taken well-designed strategy...Or simply save your time...
HERE IS THE SOLUTION. FREE 100%.
I don't own the rights, but the V1 was on MQL4 (i.e. here).
Manual:
Inside. Also, all the code is commented.
lmages: None. I mean, you need own strategy
Well, I have no any "well" strategy, through I can take any simple one.
Primary part - Features:
- 16 indicators: 2MA, MACD Signal, WPR, Stoch, OsMA etc.
- 4 (up to 16) custom indincators
- Flexible code - perfect for those, who don't know real coding, but can edit scripts "by seeing the example".
- MM - You
- ATR as independent closer.
But the best purpose is studying the coding rules. Even if you're not a programmeur yet.
Coming (not so) soon in v4:
You may also like: Universal configurable EA with include indicators inside - excellent alternative for expert users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.