coin flip
Info
The coin flip is a Expert Advisor for MetaTrader 4 that expert advisor with no custom indicator used, orders are opened pseudo-randomly. equipped with a virtual trailing stop.
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 coin flip
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
expert advisor with no custom indicator used, orders are opened pseudo-randomly.
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: coin flipping ea - another powerful expert for MetaTrader 4 traders.
expert advisor with no custom indicator used, orders are opened pseudo-randomly. equipped with a virtual trailing stop. after a loss the lot is increased by martingale with the specified parameters. adapted for 4-5-digit quotes.
Also recommended: Breakthrough Trend Line Trading EA - similar expert with strong performance on MetaTrader 4.
the ea opens deals in market execution mode. take profit and stop loss are placed after order execution and modified in accordance with the ea settings.parameters:
risk
— automatic calculation of the lot for the first trade;
lot
— trading lot, if risk=0;
martingale
— lot multiplication factor in case of a loss;
maxlot
— maximum allowed lot;
takeprofit
— take profit;
stoploss
— stop loss;
maxattempts
— the maximal number of attempts to open an order;
pause
— pause between attempts;
slippage
— maximum slippage;
trailingstart
— number of points to start trailing;
trailingstop
— step of trailing stop;
magic
— magic number;
com
— comment to trades;
drawinfo
— display/hide information on the trading;
languages
— language of the displayed trading data;
textcolor
— displayed data color.
You may also like: hidden tp and sl - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
enum lang
{
en=0, // english
ru=1, // russian
};
input double risk = 0.25;.......
⚠ 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.