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fishing
Info
The fishing is a Expert Advisor for MetaTrader 4 that the expert advisor opens positions after the price passes the specified distance: 1 step up - sells, 1 step down - buys. that way it creates a grid, which can be closed manually using the ea buttons or placed at the expert's disposal by pressing the automated trading button.
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 fishing
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
the expert advisor opens positions after the price passes the specified distance: 1 step up - sells, 1 step down - buys.
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: ma mirror ea - another powerful expert for MetaTrader 4 traders.
the expert advisor opens positions after the price passes the specified distance: 1 step up - sells, 1 step down - buys. that way it creates a grid, which can be closed manually using the ea buttons or placed at the expert's disposal by pressing the automated trading button.
Also recommended: contrarian trade moving average (ma) expert - similar expert with strong performance on MetaTrader 4.
pressing the 'x buy' button closes all buy positions. pressing the 'x sell' button closes all sell positions. pressing the 'x all' button closes all positions opened by the ea. if the corresponding 'auto' buttons are pressed, the closure is performed automatically once the specified profit is reached. the profit is specified in the edit box (to the left of the 'auto' button).the following settings allow to specify the lot size and step of the corresponding buy and sell directions. there is no need to go to the main parameters, all parameters can be adjusted directly in the trading window and they are stored in the global variables. this way all the parameters and pressed buttons are automatically restored after a restart.
this is a semi-automatic ea, therefore it should be tested only in visualization mode. optimization is not required for this ea.
the operation principle is not complicated. look for the suitable profit in either direction and press the button. after that, wait for the profit of the other direction to reach the desired result... after some practice in the strategy tester, it is possible to obtain such picture and start real trading.
You may also like: EMA Plus Williams %R Expert Advisor v1.1 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property strict
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
extern bool buy = true; // buy
extern bool sell = true; // sell
extern int stepb = 10; // buy
extern int steps = 10; // sell .......
⚠ 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.