disaster
Info
The disaster is a Expert Advisor for MetaTrader 4 that it is based on the observation, which shows that the price crosses the ma chart quite often and moves a certain distance further. it 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, which shows that the price crosses the ma chart quite often and moves a certain distance further.
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: check trading time - another powerful expert for MetaTrader 4 traders.
it is based on the observation, which shows that the price crosses the ma chart quite often and moves a certain distance further. it 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 changes, the order is also modified, and so on until the order is triggered.once the order is triggered, it is not modified. exit – by tight ТР and sl. as soon as the ea «sees» that there are no orders, it places a new pending order. as it often happens that the price only touches the ma and does not go further, i chose the sl small enough - 30 points. level of tp=70.
Also recommended: auto sl t p - similar expert with strong performance on MetaTrader 4.
You may also like: EMA Plus Williams %R Expert Advisor v1.1 - 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.