How do I install this Expert on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 4?

Yes, this Expert is built specifically for MetaTrader 4.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free grid trading algorithm at volatile market Expert for MetaTrader 4

MetaTrader 4 expert

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grid trading algorithm at volatile market

Info

The grid trading algorithm at volatile market is a Expert Advisor for MetaTrader 4 that the input parameters are: tp - this is a number, and the robot will take profit when tp*invested money is reached in profits (recommend 0. 01-0.

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 grid trading algorithm at volatile market

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 input parameters are: tp - this is a number, and the robot will take profit when tp*invested money is reached in profits (recommend 0.

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: e-news-lucky$ - automated news trading expert advisor - another powerful expert for MetaTrader 4 traders.

the input parameters are: tp - this is a number, and the robot will take profit when tp*invested money is reached in profits (recommend 0.01-0.1). slowmovingaverage is the period of a moving average, trying to decide the trend. the multiplier is the factor of the volumes, the next order in the grid will be placed with a multiplier* last order size volume. timeframe is the timeframe in minutes. (recommended : 1 hour- 60 or 15min- 15).

Also recommended: Trade from Lines (e-tfl) - Advanced Line Trading Expert Advisor - similar expert with strong performance on MetaTrader 4.

the expert advisor includes a totalorderlots() function, which returns all of the used lot amounts. a calcmaxlot function, returning the maximal amount of lot one can trade. a calcgridlot function which returns a starting lot with the given parameters for a security. the bearish and bullish engulfing functions are returning a true value if one of the candlestick pattern happens. openorderprofits function returns all the profits of the open orders. closeallorders closes all orders( checking multiple times).
the ea places grid orders based on the atr values.

You may also like: gap trading expert advisor - excellent alternative for expert users on MetaTrader 4.

Source Code

яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.00"
#property strict
input double Tp = 0.1;
input int SlowMa = 50;
input double Multiplier = 1.5;
input ENUM_TIMEFRAMES TimeFrame = 60;
double Volatility, Support, Resistance, Lot, Fma, Sma, AroonUp, AroonDown;

.......

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⚠ 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.