NT K 07
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 NT K 07
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
How it works:
places two pending orders at the distance of netstep from the current price if one of them triggers, the other one is deleted places one more pending order in the direction of the price movement at the direction of netstep, but with the lot multiplied by mul etc. until it reaches the maxtrades number of opened trades or LotLim after that it trails the stop losses and take profits in the direction of the price, i.e. the task is to catch the trend and not to lose on the flat therefore, maxtrades, stop losses, take profits depend on the market volatility, and mul should be less than two, in order not to lose too much due to the accumulated margin in short, the EA operation is the most stable when using the least possible values of these parameters
Figure 1 shows a chart of daily price changes in EURUSD (daily bars), the EA parameters are optimized for the period of 01.01.2008 - 01.11.2008. The EA works normally both the last two months of 2007, which is confirmed by the chart (high volatility), any timeframe
NTK 07
(Build 220)
I ask for help of those who liked this EA or those who found it rational.
Main problems:
1. Large drawdown, you can put filters based on some indicators in order to close earlier, later or move stop losses, take profits (I am unable to do that, or rather it does not get any better)
2. If anyone has a good experience of live trading, please, I would really like the EA to reach that state ...
(for example, on fxstart demo it does not modify orders (in tester everything is normal), and on forex4u everything is OK)
I would be grateful for any feedback, comments and suggestions!
