Markets Master EA
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. 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 Markets Master EA
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
Expert Advisor in MQL4 with 4 signals based on 6 Indicators. Works at any stock: Forex, Indices, Metals, you just need to give it the right parameters.
Available in Spanish ES and in English EN.
The expert works better on Timeframes from M15 to H1, at least with my way of trading but any Timeframe can be profitable if your strategy matches the needs.
You can open orders by fixed lots or use a lot per percentage of the balance risk.
It works with Volumes, PSAR, Stochastic, Bull and Bears Power, ATR and MFI.
Profit is taken trough Trailing and Trailing Step as per 1 order. If more orders are opened, profit is taken by money or by percentage over the balance, as well as loss. Remember not activating loss in percentage is the same as giving it a 100 percent.
Before backtesting I recommend you to attach the indicators in your chart, first, see the minimum volumes for trend, then evaluate the best matches between all the other indicators and timeframes, in order to backtest with less parameters.
Also evaluate the average move per trade to give the Trailing Profit a value.
REMEMBER: To add URLs at Tools / Options / Expert Advisors / activate: Allow WebRequest for listed URL and Add both URLs for News. It looks like news cannot be taken for Indices and Metals, so remember NOT to activate it at those, as it stops all the other EAs at other charts from working.
