Fishing
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup 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.
Description & Settings
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.
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.
