Forex Fraus Slogger Expert Advisor
Info
The Forex Fraus Slogger Expert Advisor is a Expert Advisor for MetaTrader 4 that the forex fraus slogger expert advisor builds upon the functionality of its predecessor, integrating the envelopes indicator for its trading strategy. This Expert Advisor is specifically optimized for the EURUSD currency pair on the M1 time frame (for 5-digit brokers).
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 Expert Advisor
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 Forex Fraus Slogger Expert Advisor builds upon the functionality of its predecessor, integrating the Envelopes indicator for its trading strategy.
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 Forex Fraus Slogger Expert Advisor builds upon the functionality of its predecessor, integrating the Envelopes indicator for its trading strategy.Also recommended: Magna Rapax: The Forex Pip Hunter - similar expert with strong performance on MetaTrader 4.
This Expert Advisor is specifically optimized for the EURUSD currency pair on the M1 time frame (for 5-digit brokers). While tailored for this setup, it may perform adequately on other currency pairs and time frames.
Key features include:
- Trailing Stop: Adjustable start and step parameters.
- Operation Timer: Enable or disable the EA's trading activity based on terminal time.
- Start Time: Specifies the EA's start time.
- Stop Time: Specifies the EA's end time.
- Money Management: Implemented for robust risk control.
Position Closure Mechanisms:
- Trailing Stop: Used for actively managing open positions.
- Opposite Trades: Non-closed positions are closed by initiating opposite trades.
Important Note:
To ensure proper sound alerts, download the zvon.wav sound file (included in the archive with the EA) and place it in your MetaTrader 4 sounds directory: c:\program files\metatrader 4\sounds.
Performance Testing (2026):
- EUR/USD H1 (January-December), Initial Deposit: 10000
- EUR/USD M1 (August-December), Initial Deposit: 10000
You may also like: 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;.......
⚠ 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.