future
Info
The future is a Expert Advisor for MetaTrader 4 that the inspiration for this project came from an attempt to create a grid. The process involves taking n+m bars on a historical interval, recording indicator signals among n bars, and then documenting the outcome among m bars.
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 future
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 inspiration for this project came from an attempt to create a grid.
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: cme futures volume - another powerful expert for MetaTrader 4 traders.
The inspiration for this project came from an attempt to create a grid.The process involves taking n+m bars on a historical interval, recording indicator signals among n bars, and then documenting the outcome among m bars.
Also recommended: cme futures saver - similar expert with strong performance on MetaTrader 4.
This results in a CSV file named [sequence of indicator signals from n bars].csv, containing subsequent historical results.
For instance, writing the following to a small block:
It outputs an array that is further utilized in the next step:
Then, save the file with the name [posledovatelnost].
Write the number of calls (to determine statistical weight) and the results of the subsequent block to the file:
The movement direction of the following n bars and the maximums reached are determined, with results written as averaged. The more recent data can be given increased or decreased statistical weight using the
zabyvaemost
variable. Indicator values are further averaged by the
tocnost
variable. With minimal averaging, only the direction (+1 or -1) is provided.
Despite the visually appealing results, the performance is not remarkable. Two expert advisors are included as examples, with profitability rarely exceeding 1.1.
Example of MA usage:
If anyone creates a successful EA, please reach out.
You may also like: News Grid Expert Advisor for MT4/MT5 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern int kol_vo_sovpadenii = 5,
tocnost = 10,
analiz_bars = 8,
poisk_fractals = 4,
mintp = 30;
extern bool trailingstop = false,
ruchnik = false,
dokupka = true;.......
⚠ 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.