Billy expert
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 Billy expert
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
In general, it is quite strange pattern ... but, strangely enough, it works.
When the price moves downward on 3 bars (three "falling" candles) on M15, the green is above the red on Stochastic of M1 and M5 charts.
Stop loss, take profit can be optimized.
Variables:
extern int StopLoss // I hope this is clear extern int TakeProfit // I hope this is also clear :) extern double Lots // if lot is not set to 0, then it is fixed, if set to 0, then the lot size will be change automatically based on the deposit. extern int MaxOrders // maximum allowed number of simultaneously opened orders extern int Periods // period, the Stochastic of which is used by the EA extern int Periods2 // period, the Stochastic of which is used by the EA (second)
After improvements and optimization the most successful results were achieved on euro/jpy, working timeframe - M15, stochastic periods are M1 and M5, take profit - 145, stop loss - 25. Testing results for one month period is provided below.
I am waiting for tips. I know the EA is crude and not reliable enough, but nonetheless there is something in it, in my opinion.
Thank you for attention.
Strategy Tester Report
OpenTiks3.22(original)+periodical+lotchange
Masterforex-Demo (Build 220)
