average speed
Info
The average speed is a Expert Advisor for MetaTrader 4 that the concept behind this expert advisor is that a weakening of price movement subsequently increases the likelihood of a strong (relative to the weakened movement) price movement in one direction, i. e.
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 average speed
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
the concept behind this expert advisor is that a weakening of price movement subsequently increases the likelihood of a strong (relative to the weakened movement) price movement in one direction, i.
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: moving average grid ea - another powerful expert for MetaTrader 4 traders.
the concept behind this expert advisor is that a weakening of price movement subsequently increases the likelihood of a strong (relative to the weakened movement) price movement in one direction, i.e., a trend. the signal to determine the optimal entry point is calculated by measuring the most noticeable movement within a specified range of bars, which should not exceed a specified size.Also recommended: average range monitor (arm) - similar expert with strong performance on MetaTrader 4.
the direction and magnitude of the anticipated trend are calculated based on the most recent speeds and characteristics that formed the entry signal. since each quote's movement contains a lot of noise, accurately predicting the subsequent movement is quite challenging. therefore, calculations should account for some error, and the expert advisor has a corresponding setting for this.
the expert advisor includes capital management: % of free funds. to demonstrate the concept, the eurusd currency pair's quotes on a 15-minute timeframe were chosen.
You may also like: moving average and commodity channel index (ma2 cc i) - excellent alternative for expert users on MetaTrader 4.
Source Code
#define programname "avspeed" // |
#define version 1.0 // |
#property copyright "robotfx"
/*
.
, , c
.
symbol: eurusd;
timeframe: m15;
period: 01.01.2000 - 01.01.2013;.......
⚠ 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.