Good G@bi Review
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 Good G@bi Review
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
Back-testing/Forward-testing details:
Period where EA is successful
Settings 1
Date tested: Jan 01, 2010 to Aug 31, 2010. Currency: EURUSD only. Periodicity: H1. Expert Properties: Minimum deposit: $50, Position:
Short only
, Lotsize: Auto. Draw-down (max): $603.00 or 76.83%. Draw-down (relative): 76.83% or $603.00. Positions won: 57. Positons Loss: 0.
Result for the period above settings show
: ROI:
1824%
(e.g. $50 became 912.37 from jan/01/2010 to aug/31/2010)
Settings 2
Date tested: Dec 01, 2010 to March 08, 2011. Currency: EURUSD only. Periodicity: H1. Expert Properties: Minimum deposit: $50, Position:
Long only
, Lotsize: Auto. Draw-down (max): $328.00 or 29.55%. Draw-down (relative): 47.18% or $119.24. Positions won: 25. Positons Loss: 0.
Result for the period above
: ROI:
2382%
(e.g. $50 became 1191.19 from dec/01/2010 to mar/08/2011)
This EA (GoodG@bi) has potential of making it to the top 5 most profitable all-time expert advisors in history. I have come to understand the following:
That from Jan 01, 2010 to aug 31, 2010, the price was trending downward (bearish), that is why 'short only' position was ideal for trade and no loss was incured by the EA.
That from sep 01, 2010 to nov 01, 2010, the price has not decided whether to continue downward or reverse upward, that is why the chances of 'zero loss' was slim. Therefore, NO TRADE because result will be full of + and -.
That from dec 01, 2010 till mar 08, 2011, the price action decided for an upward trend (bullish), that is why 'long only' position was ideal for trade and EA had ZERO
LOSS. Therefore, if there is some kind of way by which we can (from the previous 6 months period) predict if the trend was bullish, bearish, or neutral, then we can have a 'perfect' expert advisor that trades safely and without LOSS.
If you are a programmer, I will want you to contribute to this project in the following ways (and other ways which I may not have anticipated)
Add 'lines' that will make the EA detech trend over a wide period past (6 months or more).
Add 'lines' that will switch EA from 'short only' trading mode to 'long only' trading mode and vice versa, depending on the prevailing long term trend.
Add 'lines' that can carefully detect 'flat trend' and set EA to 'no trade'.
Add 'lines' that are hitherto not inluded, and that will make the EA better and safer (having in mind the ZERO LOSS campaign)
