Example of Heiken Ashi Using Multi Time Frame (MT F)
Info
The Example of Heiken Ashi Using Multi Time Frame (MT F) is a Expert Advisor for MetaTrader 4 that description this is an example for heiken ashi candles. Only uses pending orders (Buy-Limit & Sell-Limit).
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 Example of Heiken Ashi Using Multi Time Frame (MT F)
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
Description This is an example for Heiken Ashi candles.
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: OB J Label Example - another powerful expert for MetaTrader 4 traders.
DescriptionThis is an example for Heiken Ashi candles.
Only uses pending orders (Buy-Limit & Sell-Limit).
Also recommended: OB J ED I T Example - similar expert with strong performance on MetaTrader 4.
Hedging is possible (by using different magic numbers).
Filter is possible (by two time frames as the code below).
see the
main
idea of this expert in these following two functions:
see the code below for detect buy:
In addition, it is not allowed to work with metals as you can see below:
Image Recommendations
This example code is only for coders/traders who are interested for free codes in order to learn/modify it in the future.
Don't use it on real money trading.
Use it only in Demo or Strategy Tester.
You can remove lines (from 55 to 70) in order to try it in metals.
Good Luck.
You may also like: Parallel Strategies Example - excellent alternative for expert users on MetaTrader 4.
⚠ 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.