How do I install this Expert on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 4?

Yes, this Expert is built specifically for MetaTrader 4.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free billy expert Expert for MetaTrader 4

MetaTrader 4 expert

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billy expert

Info

The billy expert is a Expert Advisor for MetaTrader 4 that in general, it is quite strange pattern. but, strangely enough, it works.

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 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.

What this tool does

in general, it is quite strange pattern.

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-trailing2: enhanced trailing stop expert advisor - another powerful expert for MetaTrader 4 traders.

in general, it is quite strange pattern ... but, strangely enough, it works.

Also recommended: e-signal of trade expert advisor - similar expert with strong performance on MetaTrader 4.

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)

You may also like: e-news-lucky$ - automated news trading expert advisor - excellent alternative for expert users on MetaTrader 4.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
extern int    trailingstop   = 30;
extern int    stoploss       = 0;
extern int    takeprofit     = 12;
extern double lots           = 0.01;
extern int    magicnumber    = 777;
extern int    maxorders      = 1;
extern int    periods        = 1;
extern int    periods2       = 5;

.......

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⚠ 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.