MA with a price
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 MA with a price
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
The system is not new, of course, and that is not the point. I could not manage to implement something properly in order to test it properly. Also, I really needed this feature in other ATS as well. (in the current form, it can help only those who have EXTRA money in the truest sense of the word).
To be more specific, I could not implement the position reversal. The current state of the program implements something like:
FOR EXAMPLE:
SHORT POSITION 1st candle: close price is above MA (buy signal) 2nd candle: closure of the short position at the open price of the new candle (this is when the long position must be opened) 3rd candle: (this is where it goes wrong) the long position is opened at the open price of this candle (and not the 2nd candle).
This process is illustrated in the image (description of the situation with "BUY", the same with the "SELL", of course).
I would be glad if the more advanced minds than mine contributed to solving this task. If possible, please fix the attached code. Of course, I would be grateful for simple tips as well. (Although I am not sure if I will be able to convert simple tips into code - too little experience). :)
