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eMagic
Info
The eMagic is a Expert Advisor for MetaTrader 4 that one of the first expert advisors (eas) and a work in progress. This EA opens an order in the direction of a customizable MACD signal and EMA close/EMA open cross.
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 eMagic
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
One of the first Expert Advisors (EAs) and a work in progress.
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: rr s chaotic ea - another powerful expert for MetaTrader 4 traders.
One of the first Expert Advisors (EAs) and a work in progress.This EA opens an order in the direction of a customizable MACD signal and EMA close/EMA open cross.
Also recommended: last kiss breakout - similar expert with strong performance on MetaTrader 4.
Features:
- Money management or fixed lot size
- Customizable indicators for testing
- Enable or disable mail notifications
The EA has been tested on a 4-hour EUR/USD chart with a 40/50-point stop loss and an 11-point trailing stop.
A magic number feature is included, but it has not been thoroughly tested.
Currently undergoing forward testing on a real micro account.
Feedback is welcome.
You may also like: up bot 1 - excellent alternative for expert users on MetaTrader 4.
Source Code
#define signal_none 0
#define signal_buy 1
#define signal_sell 2
#define signal_closebuy 3
#define signal_closesell 4
#property copyright "robotfx"
extern int magicnumber = 12321;
extern bool signalmail = true;
extern string mm ="auto money management";
extern bool automoneymanagement = true;.......
⚠ 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.