Disaster
Info
The Disaster is a Expert Advisor for MetaTrader 4 that it is based on the observation that the price frequently crosses the ma chart and continues moving a certain distance. The EA places a pending order (buy limit or sell limit) at the price equal to the value of МА(590-М1).
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 Disaster
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
It is based on the observation that the price frequently crosses the MA chart and continues moving a certain distance.
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: gap trading expert advisor - another powerful expert for MetaTrader 4 traders.
It is based on the observation that the price frequently crosses the MA chart and continues moving a certain distance. The EA places a pending order (buy limit or sell limit) at the price equal to the value of МА(590-М1). When the price changes, the MA value adjusts, and the order is modified accordingly until triggered. Once triggered, the order remains unmodified. The exit strategy involves tight Take Profit (TP) and Stop Loss (SL) levels. As soon as the EA detects the absence of orders, it places a new pending order. Considering that the price often touches the MA without significant movement, a small SL of 30 points is chosen, with a TP level of 70.Also recommended: break out15 expert advisor - similar expert with strong performance on MetaTrader 4.
You may also like: scalping with virtual pending orders - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern double stoploss = 30;
extern double takeprofit = 70;
extern int maper = 590;
int magic = 54321;
datetime tradetimeout;
int init()
{
return(0);.......
⚠ 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.