How do I install this Expert on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 4?

Yes, this Expert is built specifically for MetaTrader 4.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free e-smart tralling Expert for MetaTrader 4

MetaTrader 4 expert

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e-smart tralling

Info

The e-smart tralling is a Expert Advisor for MetaTrader 4 that description this expert is designed to modify the stoploss of orders. the trading robot can be applied to any symbol window.

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-smart tralling

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 is designed to modify the stoploss of orders.

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: hybrid scalper - another powerful expert for MetaTrader 4 traders.

description
this expert is designed to modify the stoploss of orders.
the trading robot can be applied to any symbol window. it tracks all open positions and works with each of them.

Also recommended: Sophia1 EA - similar expert with strong performance on MetaTrader 4.

all the necessary information is displayed in the corner of the screen.
settings
useoneaccount
usecloseonethird - if true, one third of the position is closed when levelprofit1 is reached;
levelprofit1 - when this level is reached, the stop loss is moved to levelmoving1;
levelmoving1 - 1 value to move the stop loss;
levelprofit2 - when this level is reached, the stop loss is moved to levelmoving2;
levelmoving2 - 2 value to move the stop loss;
levelprofit3 - when this level is reached, the stop loss is moved to levelmoving3;
levelmoving3 - 3 value to move the stop loss;
trailingstop - the level to activate trailing;
trailingstep - trailing step;
slippage
showcomment - if true, the data is displayed on screen;
usesound - if true, an audio signal is triggered when moving stoploss order.
advice
trailingstop level should exceed levelprofit3. otherwise, the expert advisor will not work correctly.
thank you for your time and good luck!
best regards, mpeugep.

You may also like: 1 click button to close all open and pending orders - excellent alternative for expert users on MetaTrader 4.

Source Code

extern   bool     useoneaccount = true;
extern   bool     usecloseonethird = true;
extern   int      levelprofit1 = 20;
extern   int      levelmoving1 = 1;
extern   int      levelprofit2 = 35;
extern   int      levelmoving2 = 10;
extern   int      levelprofit3 = 55;
extern   int      levelmoving3 = 30;
extern   int      trailingstop = 30;
extern   int      trailingstep = 5;

.......

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⚠ 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.