Attempt to create an Expert Advisor based on the Center of Gravity indicator
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. 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 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.
Description & Settings
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
