Quantum Trading System with Stochastic Filter
Info
The Quantum Trading System with Stochastic Filter is a Expert Advisor for MetaTrader 4 that quantum trading system implementationthis is an implementation variant of the quantum trading system. It focuses on awaiting extreme price values within a specified number of bars, as defined by the trader, from the original Quantum system.
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 Quantum Trading System with Stochastic Filter
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
Quantum Trading System ImplementationThis is an implementation variant of the Quantum Trading System.
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: Scalper EA for Weekend Trading on BTC - another powerful expert for MetaTrader 4 traders.
Quantum Trading System ImplementationThis is an implementation variant of the Quantum Trading System. It focuses on awaiting extreme price values within a specified number of bars, as defined by the trader, from the original Quantum system.
Also recommended: Weekend Trading Strategy - similar expert with strong performance on MetaTrader 4.
Features:
- Red labels indicate local maximums, suggesting short trades.
- Blue labels indicate local minimums, suggesting long trades.
Signal Filtration:
The system incorporates signal filtration using the Stochastic indicator. A price extremum signal is confirmed when the main Stochastic line exits the overbought or oversold areas.
Advantages and Disadvantages:
This filtration significantly reduces false signals. However, it introduces a slight delay, which can impact the trade opening price. The benefits of filtering generally outweigh these drawbacks.
Trade Management:
- Stop Loss: Placed beyond the last registered price extremum.
- Take Profit: Not set by default, but traders can specify a size in points from the opening price.
- Profit Closure: Trades are closed when the main Stochastic line exceeds the input parameters 'level to close buy' and 'level to close sell'.
For a detailed review of the strategy and testing results, please refer to the accompanying article.
You may also like: e-news-lucky$ - automated news trading expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "2.0"
#property strict
enum enum_yesno
{
no, //
yes //
};
#include <quantum\quantum_calculatetradetype_v2.mqh>.......
⚠ 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.