Forex FRAUS Expert Advisor for M1 Timeframe
Info
The Forex FRAUS Expert Advisor for M1 Timeframe is a Expert Advisor for MetaTrader 4 that the expert advisor is based on the williams percent range indicator. It sells in the overbought zone and buys in the oversold zone.
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 Forex FRAUS Expert Advisor for M1 Timeframe
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 is based on the Williams Percent Range indicator.
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: mfi forex expert advisor - another powerful expert for MetaTrader 4 traders.
The Expert Advisor is based on the Williams Percent Range indicator.It sells in the overbought zone and buys in the oversold zone.
Also recommended: Magna Rapax: The Forex Pip Hunter - similar expert with strong performance on MetaTrader 4.
This Expert Advisor was developed for the M1 timeframe of EURUSD (five digits), but it can also be used for other currency pairs.
Features include:
- Trailing stop with adjustable start time and step.
- Operation timer: Set to '0' to disable or '1' to enable.
- EA operation start time (terminal time) set by 'starttime'.
- EA operation end time (terminal time) set by 'stoptime'.
Positions are closed using the trailing stop. Any unclosed positions are automatically closed upon an opposite trade.
The EA was tested on a demo account with satisfactory results (statement not preserved). The EA has not been tested on the Strategy Tester due to system limitations.
We appreciate users who test this EA to share their trading statements in the comments.
You may also like: Smart Ass Trade-V2 Forex Expert Advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
extern int sl=0;
extern int tp=0;
extern bool allpositions=true; //
extern bool profittrailing = true; //
extern int trailingstop = 30; //
extern int trailingstep = 1; //
extern bool usesound = true; //
extern string namefilesound="expert.wav"; //
extern int time=0; //1 - , 0 - ........
⚠ 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.