Expert Advisor 'farhad' for MetaTrader
Info
The Expert Advisor 'farhad' for MetaTrader is a Expert Advisor for MetaTrader 4 that this is a powerful expert advisor named 'farhad', designed to enhance the trading experience on metatrader platforms (mt4/mt5). It adheres to the standard conventions of these platforms, ensuring seamless integration and ease of use for traders of all levels.
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 Expert Advisor 'farhad' for MetaTrader
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 is a powerful Expert Advisor named 'farhad', designed to enhance the trading experience on MetaTrader platforms (MT4/MT5).
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: e-trailing2: enhanced trailing stop expert advisor - another powerful expert for MetaTrader 4 traders.
This is a powerful Expert Advisor named 'farhad', designed to enhance the trading experience on MetaTrader platforms (MT4/MT5). It adheres to the standard conventions of these platforms, ensuring seamless integration and ease of use for traders of all levels.Also recommended: e-signal of trade expert advisor - similar expert with strong performance on MetaTrader 4.
The Expert Advisor offers a range of benefits, including:
- Automation: Streamline repetitive tasks and free up time for strategic planning.
- Decision Support: Make informed choices with automated analysis and insights.
- Analytical Insights: Gain a deeper understanding of market trends and patterns.
'farhad' is a versatile tool that can be tailored to suit various trading strategies and styles. Its user-friendly design and adherence to MT4/MT5 standards make it accessible and efficient, providing traders with a reliable companion for their trading journey.
You may also like: e-news-lucky$ - automated news trading expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#include <stdlib.mqh>
extern bool accountismini=false; // change to true if trading mini account
extern bool moneymanagement=false; // change to false to shutdown money management controls.
extern double tradesizepercent=5; // change to whatever percent of equity you wish to risk.
extern double lots =1; // you can change the lot but be aware of margin. its better to trade with 1/4 of your capital.
extern double maxlots=100;
extern double stoploss=0; // maximum pips willing to lose per position.
extern double trailingstop=15; // change to whatever number of pips you wish to trail your position with........
⚠ 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.