cycle market order(gr i d tr a d e co d e)
Info
The cycle market order(gr i d tr a d e co d e) is a Expert Advisor for MetaTrader 4 that description: this expert advisor is for the grid trade. market order is repeated in a single direction at fixed intervals.
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 cycle market order(gr i d tr a d e co d e)
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
description: this expert advisor is for the grid trade.
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: ms lea - expert advisor based on market structure high/low - another powerful expert for MetaTrader 4 traders.
description:Also recommended: Indicator and Expert Advisor for Range-Bound Market Entry - similar expert with strong performance on MetaTrader 4.
this expert advisor is for the grid trade.market order is repeated in a single direction at fixed intervals.
examples
for usdjpy:
if you set maxprice = 115, grid trade is executed in the range of 115 to 105 yen.
for eurusd:
if you set maxprice = 1.15, trap trade is executed in the range of 1.15 to 1.05 doller.
the product works on any timeframe.
parameters:
magic - set magic number.
entry - only buy 1,only sell -1.
maxprice - maxprice should set the maximum price of the range.
maxcnt - set the maximum number of positions.
lots - set the number of lots. 0.01 means 1 000 currency.
breakeven - set the lowest profit, in pips.
trailingstop - set trailing stop, in pips.
spanpips - set the interval, in pips.spanpips should set plus.
You may also like: Market Movement Timer - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.81"
#property strict
#include <stderror.mqh>
#include <stdlib.mqh>
#define wait_time 5
extern int magic = 20140000;
extern int entry = 1;
extern double maxprice = 105;.......
⚠ 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.