e skoch order sell and buy
Info
The e skoch order sell and buy is a Expert Advisor for MetaTrader 4 that description:this simple expert advisor opens a sell or buy position. it opens a sell position every bar if the close of bar 1 is greater than the close of bar 3.
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 e skoch order sell and buy
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 simple expert advisor opens a sell or buy position.
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: E-Close by Time: Automated Position and Order Management - another powerful expert for MetaTrader 4 traders.
description:Also recommended: exaccount: visualize order activity on chart - similar expert with strong performance on MetaTrader 4.
this simple expert advisor opens a sell or buy position.
it opens a sell position every bar if the close of bar 1 is greater than the close of bar 3. it opens a buy position every bar if the close of bar 3 is greater than the close of bar 1.
key settings:
- magic = 0
- lot size = 0.01
- stop loss = 0
- take profit = 1000
- slippage = 50 (do not set lower, as it may not place orders)
- close_on = false (close position on opposite signal)
- sell = false (open sell orders)
- buy = false (open buy orders)
this expert advisor is easy to use and versatile. it is useful for opening positions in a specific direction or during a particular time. it performs well on real accounts.
to modify the order opening conditions, simply adjust the condition in one line:
if ((close [3] > close [1]) && (open [1] > close [1])) { or
if ((close [3] < close [1]) && (open [1] < close [1])) {
You may also like: equity recorder for synthetic instrument research - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_inputs
extern int stoploss = 1300, // sl, 0, sl
takeprofit = 20000, // tp, 0, tp
key = 0; //
extern bool sell = false, // sell
buy = false; // buy
extern double lot = 0.01; //
extern int slippage = 30; // .......
⚠ 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.