fm one ea
Info
The fm one ea is a Expert Advisor for MetaTrader 4 that fmoneea is a scalping expert advisor for metatrader 4. it works only on one hour timeframe (period_h1).
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 fm one ea
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
fmoneea is a scalping expert advisor for metatrader 4.
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: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Also recommended: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - similar expert with strong performance on MetaTrader 4.
fmoneea is a scalping expert advisor for metatrader 4. it works only on one hour timeframe (period_h1).fmoneea calculation is based of zigzag and macd indicators on h1 timeframe. caution: make sure that the zigzag indicator is in the <terminal_data_folder>\mql4\indicators\. hope it is useful.
default property for fmoneea is as follows, and the results of the strategy tester below use the default property.
last modify (update): 17/07/2015.
update (21/04/2015):
improved signal formula, to make it more accurate.
added redemption function to redemption loss order.
update (29/04/2015):
fixed code for redemption and option for multiplication lost redemption.
improved codes for braking movement.
simplified signal formula.
update (26/05/2015):
fixed code for lots redemption.
increased the speed of the ea process.
improved code for the trailing stop and trailing profit.
if setting: usetrailingstop = true, autotrailingstop = true, and automatictakeprofit = true, then, when stop loss is trailing, take profit will be trailing too, so take profit will be dynamic.
update (2/06/2015):
error correction in fm1redemption() function.
added scripts to move stop loss to the bep, if order is profit, before the trailing stop is done.
added option for maximum lot redemption (for multiplication lots redemption).
corrected signal calculation formula on the fmonecalculation() function.
update (16/07/2015):
error correction for variable arrays timeframe because the array mat [4] was out of range (in update_5).
update (17/07/2015): (update_07)
simplified the signal formula, without zigzag indicator
.
update (17/08/2015): (update_08)
improvement of the program structure.
fixed bugs in open order.
testing results:
You may also like: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property link "https://robotfx.org"
#property version "7.00"
#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"
/*
last modify (update) 23/03/2015.
update (21/04/2015):.......
⚠ 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.