Batman
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. 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 Batman
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
Farshad Saremifar
This EA is Based On BAT Strategy With some Modifications. It will Enter Position on Breaks of Lows and Highs, If the break was correct then we'll see our TP, If Not it will try to add Offset Depending on Orders input parameter, on every breaking of a low or high it will close all positions, so we don't need to set a stop loss, it will close all by changing the side.
The takeprofits are calculated static(Static_SL) or automatic by entering a fibo level in input parameters, (you have to set Static_TP to a negative(-) value like : -10 )
You can set the Number of offsets by changing Orders value, You can also change the lot multiply by changing LotExponent.
I have good results both on demo and real forwarding.Please try on demo first.
Install BAT.mq4 in indicators folder of metatrader, and Install Batman-EA.mq4 in experts folder
Recommendations:
it's better to use that in higher Time Frames
If you want to use it on a lower time frame you have to optimize EA for a shorter period like everyday
it's better to optimize these parameters (not all of input parameters): ATRPeriod,Factor (from 1 step 0.1 to 2),Static_TP (from -1 step 1 to....),Orders)
Have a look at my site, I am going to share all of my Products and Software and if you have any question feel free to contact me
