AK47 A1
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 AK47 A1
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
Dear Sir,
I made my first EA (not scalper, t/p 100), ran it on EURUSD M1 for 2007 (01.01.2007 - 25.11.2007),
and was very surprised - a profit of about 1 million USD with the initial deposit of 3000!
Alas, it loses the deposit during 2005-2006 and December 2007.
Attempts to use stop losses, closures by flats, time limitations and other worsen the situation.
A lot of potentially profitable orders are filtered out. Obviously, drawdowns make themselves felt.
Does anyone have ideas on improving the EA reliability without cutting off potentially "good" orders?
Do not regard this a trouble, share.
Regards
P.S.
The settings are maximally aggressive, the risk level can be reduced using the parameters:
a) MaxLots - decrease down to 1.
b) LotsRiskReductor - increase, up to 5-10
c) SpanGator - increase up to 3-5.
Although the risk reduction in a single-order system does not lead to improvement of the system in general.
The open order blocks opening of other orders, both profitable and unprofitable.
So, IMHO, the complete testing of the system quality can only be conducted without a limitation
on the number of orders.
