204060 Program
Info
The 204060 Program is a Expert Advisor for MetaTrader 4 that the 204060 program is a trading system that utilizes a three grades take profit grid system. This system can be used in weak market conditions and fluctuating market conditions.
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 204060 Program
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
The 204060 program is a trading system that utilizes a three grades take profit grid system.
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: 204060 Program AI Grid System - another powerful expert for MetaTrader 4 traders.
The 204060 program is a trading system that utilizes a three grades take profit grid system. This system can be used in weak market conditions and fluctuating market conditions. It may be necessary to close all positions at some times. The program is designed to adapt to changing market conditions. The details of this program can be found at the following link.Also recommended: donchain counter-channel system - similar expert with strong performance on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
string gridname = "aigrid"; // identifies the grid. allows for several co-existing grids
extern int magicnumbergrid = 10001; // magic number of the trades. must be unique to identify the trades of one grid
extern double lots = 0.01; //
extern bool considerspread = false;
extern double gridsize = 20; // pips between orders - grid or mesh size
extern double basetakeprofit = 50; // number of ticks to take profit. normally is = grid size but u can override
extern double slippage = 2.5;
extern double gridsteps = 10; // total number of orders to place.......
⚠ 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.