Forex Fraus Slogger
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 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.
Description & Settings
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. 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:
