Oblomov
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 Oblomov
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 title contains the idea based on observations of the market regularities. It has been written for the CHF/USD pair. Timer: 1hour. triggering timer: only Monday 9-00 Belarusian time. With the set stop loss and take profit it had worked in 2007.
Description: At 9-00 Belarussian time (10-00 Moscow) opening price of an hourly candle is greater that (H+L + C )/3 of the previous 8-00 candle - buy, and vice versa. Do not enter the market at equal values. Online operation time is 10 minutes once a week - on Monday, hence the name. When testing, change the stop loss and take profit to new specified values. It is possible to set lot size increase based on the deposit. Feature - in 2007, it did not repeat consecutive loss trades, which allowed to double the lot after them, thus decreasing the losses.
