after effects
Info
The after effects is a Expert Advisor for MetaTrader 4 that trading robot based on the theorem "". despite the complexity of the theorem itself, its conclusions are quite trivial.
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 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.
What this tool does
trading robot based on the theorem "".
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: Automated Screenshot and Email Notification After Trade Opening - another powerful expert for MetaTrader 4 traders.
Also recommended: more trade after break even - similar expert with strong performance on MetaTrader 4.
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.
You may also like: currency strength ea - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.01"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
input double sl=500.0; // the value of stoploss [in points]
input int p=3; // period of bars [1..30]
input bool random = false; // is random price range.......
⚠ 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.