attempt to create an expert advisor based on the center of gravity indicator
Info
The attempt to create an expert advisor based on the center of gravity indicator is a Expert Advisor for MetaTrader 4 that please help me with my idea. the idea has existed for a long time - based on the "conservative intraday scalping" strategy, but i could not find a suitable indicator in mt4.
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 attempt to create an expert advisor based on the center of gravity indicator
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
please help me with my idea.
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
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Also recommended: expert advisor specific day and time - similar expert with strong performance on MetaTrader 4.
please help me with my idea.the idea has existed for a long time - based on the "conservative intraday scalping" strategy, but i could not find a suitable indicator in mt4.
i found the indicator (). now i am trying to attach it to an ea, but the ea stubbornly refuses to open trades (neither on demo, nor in testing). question - why?
the idea: indicator generates 5 lines parallel to the trend. trades can be opened at the intersections of the extreme lines (of course, preferably with trailing). my idea is that a moving average with a period of 1 (sma based on low prices) crossing the lower line of the indicator from below, i.e. return to the trend channel, would serve as the signal for opening a trade, for example buy. for sell, the opposite - moving average 1, sma, high crosses the upper line from above. the idea can be further developed indefinitely, but currently it is necessary to deal with this.
indicator: center of gravity.mq4
expert advisor: c_s_intraday.mq4 /in simple form, no control of the deposit, timeframes, no trailing, etc.
bitmap
You may also like: tt t expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_color1 royalblue
#property indicator_color2 limegreen
#property indicator_color3 limegreen
#property indicator_color4 goldenrod
#property indicator_color5 goldenrod
#property indicator_width1 1 //
#property indicator_width2 2 // .......
⚠ 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.