imi T Trade
Info
The imi T Trade is a Expert Advisor for MetaTrader 4 that this is a small program that simulates a sequence of opening and closing trades based on specified parameters and tracks the number of profitable and unprofitable orders in a row. It may be useful for certain trading strategies.
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 imi T Trade
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
This is a small program that simulates a sequence of opening and closing trades based on specified parameters and tracks the number of profitable and unprofitable orders in a row.
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-Signal Of Trade Expert Advisor - another powerful expert for MetaTrader 4 traders.
This is a small program that simulates a sequence of opening and closing trades based on specified parameters and tracks the number of profitable and unprofitable orders in a row. It may be useful for certain trading strategies.Also recommended: i-Signal Of Trade - similar expert with strong performance on MetaTrader 4.
It is neither a typical indicator nor an expert advisor. The program is designed to test the feasibility of indicator-free trading, with the potential to integrate a doubler later. It can open real trades after a specified number of simulated losing trades, maintaining the specified order sequence.
The core algorithm works as follows: open a Buy order, and if it's a loss, open a Sell order and increment a counter by 1. If the Buy order is a win, open another Buy order and reset the counter to 0. The same logic applies to Sell orders. After a specified number of simulated losing trades, the program starts trading with real orders, switching back to simulation mode after a winning trade and waiting for the specified number of losses again.
Control variables: sh sets SL and TP for simulated trades, b1 and s1 determine the initial trade direction (Buy or Sell).
Arrays:
- mas_time[2,1000] stores the time of each simulated trade.
- mas_Ap[2,1000] stores the open and close prices of each simulated trade.
- mas_line[1,1000] is a string array storing trend line names for annotations.
Functions:
- start: populates the array of names, records the initial time and price.
- sx1: fills the time and price arrays.
- sx2: determines the direction of price deviation.
- mes_func: interprets deviations based on settings.
Tested on historical data for EUR/USD over the past few months. For clarity, it's recommended to test on weekly or bi-weekly intervals.
Suggestions and constructive feedback are welcome.
You may also like: TC Trade Channel: A Channel-Based Trading Strategy - excellent alternative for expert users on MetaTrader 4.
⚠ 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.