How do I install this Expert on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 4?

Yes, this Expert is built specifically for MetaTrader 4.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free forex fraus slogger Expert for MetaTrader 4

MetaTrader 4 expert

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forex fraus slogger

Info

The forex fraus slogger is a Expert Advisor for MetaTrader 4 that the expert advisor is based on the operation of its predecessor — , but using the envelopes indicator. the ea was designed for eurusd on the М1 time frame (for 5-digits), it is suitable for others, there is a trailing stop with adjustable start and step.

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 slogger

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 operation of its predecessor — , but using the envelopes 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 operation of its predecessor — , but using the envelopes indicator.

Also recommended: Magna Rapax: The Forex Pip Hunter - similar expert with strong performance on MetaTrader 4.

the ea was designed for eurusd on the М1 time frame (for 5-digits), it is suitable for others, there is a trailing stop with adjustable start and step. also, there is an operation timer in the settings, in the ea properties it is specified as "time" (value "0" — disabled, value "1" — enabled). "starttime" — ea operation start by the terminal time, "stoptime" — ea operation end by the terminal time. the money-management block is also implemented.
it closes positions using trailing stop, the non-closed positions are closed by the opposite trades.
warning: if you are going to use the ea on a demo account or live, it is necessary to download the zvon.wav sound file (it can be found in the archive below the ea link) and place it in the terminal folder: c:\program files\metatrader 4\sounds.
test of eur/usd h1 (january-december) 2015, deposit 10000:
test of eur/usd m1 (august-december) 2015, deposit 10000:

You may also like: the smart ass trade-v2 forex expert advisor - excellent alternative for expert users on MetaTrader 4.

Source Code

#property copyright "robotfx"
int sl=0;
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="zvon.wav";  //   
extern double risk_percent = 1.0;

.......

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⚠ 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.