EM Aplus WP R
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use EM Aplus WP R
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.
Description & Settings
Expert advisor that trade in the trend of EMA and buy/sell signals get from Williams %R
I have tried to create an Expert advisor that could by traded with 1000 EUR starting equity and to minimize the drawdown. Hope you like it. I appreciate every feedback.
Inputs EMA, iWPRPeriod are optimized for EURUSD 5M
TakeProfit = 200;
maxStopLoss=50;
maxLots = 0.1; // max lots per position
maxContracts = 2; // max open positions, 2 is optimal for smoother equity
EMA=144; // EMA to determine trend
iWPRPeriod=46; // Williams' Percentage Range to determine buy/sell signals
Test is without position sizing, 0.1 lot size
Strategy Tester Report
EMAplusWPR
XTrade-MT4 Demo (Build 225)
To use my position sizing increase the maxLots size
For position sizing I use the following code:
Ilo=0.1* MathSqrt((AccountBalance()) / 300);
Lots=NormalizeDouble(Ilo, 1);
if (Lots<0.1) Lots=0.1;
if (Lots>maxLots) Lots=maxLots;
Strategy Tester Report
EMAplusWPR + position sizing
XTrade-MT4 Demo (Build 225)
