proboy xonax
Info
The proboy xonax is a Expert Advisor for MetaTrader 4 that the newly formed candlestick is analyzed, and an order is placed as soon as the breakout of high or low of the previous candlestick occurs. once the price gains profit equal to the value of stop loss, the order is moved to breakeven.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use proboy xonax
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.
What this tool does
the newly formed candlestick is analyzed, and an order is placed as soon as the breakout of high or low of the previous candlestick occurs.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: the fraktrak xonax expert advisor based on the fractal breakouts - another powerful expert for MetaTrader 4 traders.
Also recommended: fibonacci - similar expert with strong performance on MetaTrader 4.
the newly formed candlestick is analyzed, and an order is placed as soon as the breakout of high or low of the previous candlestick occurs. once the price gains profit equal to the value of stop loss, the order is moved to breakeven.the number of orders is not limited, i.e. a situation occurs — an order is placed. in the screenshot is the result of testing on the daily time frame from the beginning of the year. the chart timeframe is specified in the program as well.
You may also like: xp forex trade manager grid mt4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int stloss=50;
input int tprof=1000;
input int timefr=240;
input double lot=0.1;
input int magik=100004;
int oninit().......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.