Millenium Code
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. 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 Millenium Code
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
Tomas Hruby in cooperation with Parbest company.
The system is based on opening of only one trade per day. Last year, the system was running on a real account, where he produced nice results throughout the year, 2014. But currently I do not use it for its high degree of volatility. The basic principle is to open one order per day. The main indicator is the crossover of moving averages verifying the current price, which must be above or below the moving average. The condition is that always the lowest or highest price of the last X bars must be at the opposite side of the direction of the new signal order type. As you can see on the screenshot below, the BUY order was opened when lowest price of 20 last bars was below both Moving averages, Fast MA crosses Slow MA and current price is higher than Fast and Slow MA.
Information:
Millenium Code is only part of original Millenium Expert Advisor.
It is very good to use optimization and disable trading at some days of the week.
Millenium can be also combined with different settings of many trading days (just try to find settings for Monday, then for Friday and then combine them together).
If you are looking for
Trailing SL and TP
with
money management
and
reopening of orders
please search for Millenium in the Market.
Order example:
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