ea template
Info
The ea template is a Expert Advisor for MetaTrader 4 that the template code of expert advisor. it contains basic features and functions required for the developing the expert advisor:calculation of point for the 3-5 digit pairs; setup takeprofit and stoploss; identification number for tea's orders - magic number; ability to set a fixed trade volume; the function of money management - calculation of the trade volume, based on a specified percentage of the current balance; ability for opening of the order in 2 steps (open the order, and then the set stops) - work on the ecn - accounts; ability to open positions in the opposite direction from the trading signal; limitation of work regarding of the maximum size of the spread; setting the maximum possible deviation of the price; placing orders in several attempts in case of failure (the default count of attempts=10); function to calculate the total profits of ea's positions in the currency; function to close all ea's positions and orders; error logging.
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 ea template
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
the template code of expert advisor.
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: expert advisor template with trailing stop - another powerful expert for MetaTrader 4 traders.
the template code of expert advisor.
Also recommended: robust ea template - similar expert with strong performance on MetaTrader 4.
it contains basic features and functions required for the developing the expert advisor:
calculation of point for the 3-5 digit pairs;
setup takeprofit and stoploss;
identification number for tea's orders - magic number;
ability to set a fixed trade volume;
the function of money management - calculation of the trade volume, based on a specified percentage of the current balance;
ability for opening of the order in 2 steps (open the order, and then the set stops) - work on the ecn - accounts;
ability to open positions in the opposite direction from the trading signal;
limitation of work regarding of the maximum size of the spread;
setting the maximum possible deviation of the price;
placing orders in several attempts in case of failure (the default count of attempts=10);
function to calculate the total profits of ea's positions in the currency;
function to close all ea's positions and orders;
error logging.
You may also like: news ea template without dl l - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.30"
#property strict
/* error levels for a logging */
#define log_level_err 1
#define log_level_warn 2
#define log_level_info 3
#define log_level_dbg 4
#include <stdlib.mqh>.......
⚠ 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.