equivolume bars builder
Info
The equivolume bars builder is a Expert Advisor for MetaTrader 4 that this tool generates equivolume bars for metatrader 4/5, with the following specifications:- volume: the number of ticks per bar can be adjusted to your preference. to obtain a chart, follow these steps:- run the expert advisor (ea) in the strategy tester in 'all ticks' mode for a specific time period.
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 equivolume bars builder
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 tool generates equivolume bars for metatrader 4/5, with the following specifications:- volume: the number of ticks per bar can be adjusted to your preference.
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: equal volume bars - another powerful expert for MetaTrader 4 traders.
this tool generates equivolume bars for metatrader 4/5, with the following specifications:- volume: the number of ticks per bar can be adjusted to your preference.
Also recommended: reversals with pin bars - similar expert with strong performance on MetaTrader 4.
to obtain a chart, follow these steps:
- run the expert advisor (ea) in the strategy tester in 'all ticks' mode for a specific time period.
- a file named 'eurusd volume 100.csv' will be generated in the terminal_catalog\tester\files folder.
- in the quotes archive, delete the history of any unnecessary currency pairs and import the new history from the generated file. it's advisable to disconnect from the server to avoid adding new quotes.
once the new history is imported, you can test eas on this new data by selecting the appropriate symbol and timeframe in the tester.
You may also like: get rich or die trying gb p expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern int volume=100;
int handle;
string file_name;
int init()
{
file_name=symbol()+" "+"volume "+volume+".csv";
filedelete(file_name);
handle=fileopen(file_name,file_csv|file_write,';'); .......
⚠ 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.