example of stochastic automated
Info
The example of stochastic automated is a Expert Advisor for MetaTrader 4 that mohammad soubrathis is a simple example ea for metatrader 4, it is my 2nd published code in this community. the main idea of this expert advisor is to trade by the basic concept of stochastic oscillator in its basic parameters, with ability to change these parameters via the ea inputs.
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 stochastic automated
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
mohammad soubrathis is a simple example ea for metatrader 4, it is my 2nd published code in this community.
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: prototype-ix: a multicurrency ea example - another powerful expert for MetaTrader 4 traders.
mohammad soubra
this is a simple example ea for metatrader 4, it is my 2nd published code in this community.
Also recommended: Aver4 Stochastic + Post-Zigzag Indicator Setup for USDJPY - similar expert with strong performance on MetaTrader 4.
the main idea of this expert advisor is to trade by the basic concept of stochastic oscillator in its basic parameters, with ability to change these parameters via the ea inputs.this ea is only for coders and who interested to learn forex programming as a beginner. use it only in demo accounts or strategy tester. don't use it in real trading.
recommendations:
don't use this ea in a real account.
feel free to modify the source code and share with all.
feel free to give me your comments.
use various settings/parameters in the "inputs" tab as in the picture below to see different results.
enjoy.
You may also like: Stochastic Take Profit and Trailing Stop EA - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int magicnumber = 1982; //magic number
input double lots = 0.01; //fixed lots
input double stoploss = 100; //fixed stop loss (in points)
input double takeprofit = 150; //fixed take profit (in points)
input int trailingstop = 30; //trailing stop (in points)
input int k_period = 5; //stochastic k period.......
⚠ 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.