Coin Flip Expert Advisor
Info
The Coin Flip Expert Advisor is a Expert Advisor for MetaTrader 4 that this expert advisor opens trades using a pseudo-random strategy without relying on custom indicators. It features a virtual trailing stop function.
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 Expert Advisor
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
This Expert Advisor opens trades using a pseudo-random strategy without relying on custom indicators.
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 Expert Advisor - another powerful expert for MetaTrader 4 traders.
This Expert Advisor opens trades using a pseudo-random strategy without relying on custom indicators. It features a virtual trailing stop function.Also recommended: cidomo - similar expert with strong performance on MetaTrader 4.
The EA employs a martingale system to increase the lot size after a loss, based on specified parameters.
It is adapted for both 4 and 5-digit price quotes.
The Expert Advisor operates in market execution mode. Take Profit and Stop Loss levels are set after order execution and are adjusted according to the EA's configuration.
Parameters
Risk
— Automatically calculates the lot size for the initial trade.
Lot
— The trading lot size to be used if Risk is set to 0.
Martingale
— The factor by which the lot size is multiplied after incurring a loss.
MaxLot
— The maximum allowable lot size.
TakeProfit
— The Take Profit level in points.
StopLoss
— The Stop Loss level in points.
MaxAttempts
— The maximum number of attempts allowed to open an order.
Pause
— The pause duration in bars between trade attempts.
Slippage
— The maximum allowed slippage in points.
TrailingStart
— The number of points from the current price at which the trailing stop becomes active.
TrailingStop
— The step in points for the trailing stop.
Magic
— A unique identifier for trades opened by this EA.
Comment
— A comment to be attached to trades.
DrawInfo
— Displays or hides trading information on the chart.
Languages
— Sets the language for the displayed trading data.
TextColor
— Sets the color for the displayed trading data.
You may also like: lacus tstopand be - 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.