Frank ud
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 Frank ud
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
At least one position is opened in each direction. First, open two counterpositions with minimal volumes. One of them becomes profitable, whereas the second one loses, of course.
The profitable one will be closed by TakeProfit, and the losing one will be strengthened (by adding lots) at a certain interval. If the trend continues to go in the same direction, strengthen it again. The trend will turn earlier or later.
Every step of strengthening is mde with doubling of the volume, so, after the trend has truned, the last losing position closed by TakeProfit will cover everything with a positive result. Then the operations start with the same: opening with the minimal volume and then step by step as described above.
The initial deposit must be sufficient to cover all necessary steps. The volume on USDCHF ranged from 0.1 to 25.6 (Since February, there have been 9 strengthening steps made 4 times - 4 figures against the trend), so there is a need to have starting deposit of $50000 or more.
