em vo l
Info
The em vo l is a Expert Advisor for MetaTrader 4 that this strategy utilizes adx and atr indicators to gauge volatility. When the ADX value is less than 30, the strategy opens one buy stop and one sell stop at high + ATR (14) and low - ATR (14), respectively.
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 em vo l
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
This strategy utilizes ADX and ATR indicators to gauge volatility.
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: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
This strategy utilizes ADX and ATR indicators to gauge volatility. When the ADX value is less than 30, the strategy opens one buy stop and one sell stop at high + ATR (14) and low - ATR (14), respectively. The money management approach is similar to that of sophia1.1.Also recommended: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - similar expert with strong performance on MetaTrader 4.
Strategy Tester Report:
em_vol
eglobal-pamm (Build 427)
Source Code
extern int mmtype=1;
extern bool useclose=false;
extern bool useadd=true;
extern double lotexponent=1.2;
extern double slip=3;
extern double lots=0.2;
extern double lotsdigits=2;
extern double takeprofit=100;
extern double stoploss=500;
extern double trailstart=10;.......
⚠ 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.