auto pending and manage orders by rsi
Info
The auto pending and manage orders by rsi is a Expert Advisor for MetaTrader 4 that auto pending orders by rsi;lower risk at weekend and restore position the next week;mail some useful information. recommendations:1.
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 auto pending and manage orders by rsi
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
auto pending orders by rsi;lower risk at weekend and restore position the next week;mail some useful information.
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: e-news-lucky$ - automated news trading expert advisor - another powerful expert for MetaTrader 4 traders.
auto pending orders by
Also recommended: e-moving in wl2: automated stop loss adjustment - similar expert with strong performance on MetaTrader 4.
rsi;
lower risk at weekend and restore position the next week;
mail some useful information.
recommendations:
1. set testmode true for backtest, false for real mode:
extern
bool
testmode =
false
;
//true:for backtest
2. if in testmode,please set only one of the tradesymbol array,for example:
extern
string
tradesymbol1 =
"eurusdm_802_2802_1602_200_860"
;
extern
string
tradesymbol2 =
""
;
extern
string
tradesymbol3 =
""
;
extern
string
tradesymbol4 =
""
;
extern
string
tradesymbol5 =
""
;
extern
string
tradesymbol6 =
""
;
if in real account mode, set
testmode false,and config tradesymbol like
(use "," to separate symbols,use "_" to separate a symbol's parameters):
extern
string
tradesymbol1 =
"eurusdm_802_2802_1602_200_860,usdchfm_506_2606_1506_120_600"
;
extern
string
tradesymbol2 =
"usdjpym_460_2802_1302_100_320"
;
extern
string
tradesymbol3 =
""
;
extern
string
tradesymbol4 =
""
;
extern
string
tradesymbol5 =
""
;
extern
string
tradesymbol6 =
""
;
eurusdm_802_2802_1602_200_860 means:
symbol:
eurusdm
(m means my exness mini account,possibly you should modify to your own symbol)
pendingpips:
802(pending gap)
weekendpluspips:
2802(widen plus gap at weekend)
cancelpips:
1602(when the gap exceed this pips,close the pending order)
trailingsl:
200(trailing stop loss)
takeprofit:
860(virtual take profit)
3. if you want to delete pending orders at weekend, set weekenddelete=true, else if you want to widen pending gap and restore it the next week, please set weekenddelete=false.
extern
bool
weekenddelete =
false
;
//true:delete false:modify
4. weekend mode begin and end time (5 means friday,7 means sunday (the time is gmt,maybe you should adjust with your local time,the default parameters run well in beijing time):
//trading end time in friday
extern
int
weekendbeginday =
5
;
extern
string
weekendbegintime =
"20:30"
;
//friday 20:30
extern
int
weekendendday =
7
;
extern
string
weekendendtime =
"23:30"
;
//sunday 20:30
5. all symbols
(maybe not trade symbol)
you want to mail the rsi value prompt (>70 or <30) and periodically report to you.obviously,
you should modify the audjpym if your account is not mini one.
string
symbolsstr1 =
"audjpym,audcadm,audchfm,audnzdm,audsgdm,audusdm,cadchfm,cadhkdm,cadjpym,chfjpym,chfplnm,chfsgdm,euraudm,eurbrlm,eurcadm,eurchfm,eurdkkm,eurgbpm,eurhkdm,eurhufm,eurjpym,eurmxnm"
;
string
symbolsstr2 =
"gbpchfm,gbpjpym,gbpnzdm,gbpusdm,hkdjpym,hufjpym,mxnjpym,nzdcadm,nzdchfm,nzdjpym,nzdsgdm,nzdusdm,sgdjpym,usdbrlm,usdcadm,usdchfm,usdczkm,usddkkm,usdhkdm,usdhufm,usdjpym,usdmxnm"
;
string
symbolsstr3 =
"eurnokm,eurnzdm,eurplnm,eurrubm,eursekm,eursgdm,eurtrym,eurusdm,eurzarm,gbpaudm,gbpcadm,usdnokm,usdplnm,usdronm,usdrubm,usdsekm,usdsgdm,usdtrym,usdzarm,xagusdm,xauusdm,zarjpym"
;
long
sendmininterval =
3600
;
6. rsi configuration:
//rsi
extern
int
rsitimeframe =
period_h4
;
extern
int
rsiperiod =
14
;
extern
enum_applied_price
rsiappliedprice =
price_close
;
extern
int
rsishift =
0
;
extern
double
rsiupperline =
70
;
extern
double
rsilowerline =
30
;
7. use the magicweekendexpiration to identify the weekend mode,if anyone has better way please kindly tell me
int
magicweekendexpiration =
1577836800
;
//2020-1-1 0:0:0 intvalue:1577836800
8. others:
if modify to weekend mode failed, the ea will send a mail and try max_modify_try_time(100 default) times till success.
no stop loss applied, and if little loss order (min buy or max sell order) of one symbol exceed pendingpips, the ea will pend another order of the same symbol.
in test mode, if the equity less than 95% of balance, ea will write the status to warning files.
if
(((accountequity()/accountbalance()) <
0.95
)) { writetowarningfile(); }
if you have found any bugs or have suggestions, please kindly let me know.
You may also like: e-trailing: automated trailing stop for all positions - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#define maxsymbolcnt 100
#define smart_by_ind_magic 20140812
#define invalid_pips -14567894
#define invalid_symbols "invalid"
#define invalid_ticket -1
#define invalid_max_price -123456.......
⚠ 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.