EM Aplus WP Rv1 1
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 Rv1 1
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.
Optimized for EURUSD 5 min
I have removed some bugs, changed position sizing, you define the % of your account you want to risk on a single trade. I added simple trailing stop, if trailingStop = 0, then it is disabled.
You use it on your own risk. I am not responsible for your loss, you have to change, test and optimize it for your purpose.
Inputs:
Strategy Tester Report
EMAplusWPRv1_1
XTrade-MT4 Demo (Build 229)
To use my position sizing increase the maxLots size and define the risk - how many % of your account you want to risk on a single trade.
For position sizing I use the following code:
Strategy Tester Report
EMAplusWPRv1_1 + position sizing
XTrade-MT4 Demo (Build 229)
