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, designed for the one-hour timeframe (h1). The EA's calculations are based on the Zigzag and MACD indicators on the H1 timeframe.
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, designed for the one-hour timeframe (H1).
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: Manual Trade Pad for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
fmoneea is a scalping expert advisor for MetaTrader 4, designed for the one-hour timeframe (H1).Also recommended: Scalper EA for Weekend Trading on BTC - similar expert with strong performance on MetaTrader 4.
The EA's calculations are based on the Zigzag and MACD indicators on the H1 timeframe. Ensure the Zigzag indicator is in the <terminal_data_folder>\mql4\indicators\ folder.
Default properties are as follows, and the strategy tester results below use these default settings.
Last modified: 17/07/2026.
## Updates:
- 21/04/2026: Improved signal formula for accuracy. Added redemption function to redemption loss order.
- 29/04/2026: Fixed redemption code and added option for multiplication of lost redemption. Enhanced braking movement codes and simplified signal formula.
- 26/05/2026: Corrected lots redemption code, increased EA processing speed, and improved trailing stop and trailing profit codes. If usetrailingstop = true, autotrailingstop = true, and automatictakeprofit = true, then when stop loss is trailing, take profit will also trail, making it dynamic.
- 02/06/2026: Corrected error in fm1redemption() function. Added scripts to move stop loss to BEP for profitable orders before trailing stop. Introduced maximum lot redemption option and corrected signal calculation formula in fmonecalculation() function.
- 16/07/2026: Fixed variable arrays timeframe error due to array mat [4] being out of range.
- 17/07/2026: Simplified signal formula without the Zigzag indicator.
- 17/08/2026: Improved program structure, fixed open order bugs.
## Testing Results:
You may also like: Weekend Trading Strategy - 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.