After Effects
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use After Effects
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.
Description & Settings
Trading robot based on the theorem "".
Despite the complexity of the theorem itself, its conclusions are quite trivial. Therefore, the logic of making trading decisions in the robot is primitive: take two previous areas of historical data, from each of them subtract the difference of the prices at the start and at the end, and get two values. These values are compared with each other. And depending on which is greater or less than the other, make the decision about the difference of prices in the area in the future.
The settings of the Expert Advisor are quite simple, as only three of the input parameters are optimizable:
sl — stop loss and trailing stop step size in points. In the above picture the parameters are set for 5 digits. All values must be reduced by 10 times in the columns Start, Step and Stop.
p — size of the history data areas in bars for the technical analysis.
random — quote randomness. If the quotes are not random, and therefore, the conditions of the theorem are not valid, then the trading signals are reversed.
Notes:
The input parameters specified in the code of the robot (by default), are not configured. Therefore, before launching the algo-trading, it is necessary to optimize them for each financial instrument on which the robot will trade.
Reoptimization needs to be done once the algo-trading results will become unsatisfactory.
It is not recommended to configure the robot to small timeframes. It will lose the money (already checked on the demo and the real cent accounts). The optimum timeframes are not less than H1.
