ring system ea
Info
The ring system ea is a Expert Advisor for MetaTrader 4 that it's a triangular arbitrage system (three pairs correlation system) to use 3 currencies to make 3 pairs to open hedge orders on those. the expert starts opening six orders for each ring (3 plus and 3 minus) and waits to move prices in one direction to make a grid of orders.
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 ring system ea
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
it's a triangular arbitrage system (three pairs correlation system) to use 3 currencies to make 3 pairs to open hedge orders on those.
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: lock system 2+1 - another powerful expert for MetaTrader 4 traders.
it's a triangular arbitrage system (three pairs correlation system) to use 3 currencies to make 3 pairs to open hedge orders on those. the expert starts opening six orders for each ring (3 plus and 3 minus) and waits to move prices in one direction to make a grid of orders. the expert can use a maximum of 8 currencies to make 28 pairs and make 56 rings. it is important the order of currencies is from the strongest to the weakest.Also recommended: cross moving average (ma) trading system - similar expert with strong performance on MetaTrader 4.
strongest... eur/gbp/aud/nzd/usd/cad/chf/jpy ...weakest.canto inputs minimum of three currencies and a maximum eight.
parameters information
all information about parameters you can see on
of all the created pairs, you can skip some of them from external parameter.
set expert to use currencies you want, and attach on one chart.
it does not matter in which chart and time frame you will attach the expert, the final selection will be done automatically from expert.
if your broker have limit of opened orders, please set expert to use less currencies. default settings use 8 currencies.
can to delete some currencies from external parameter if you want to use less currencies. the parameter called: '
currencies to make pairs'
"eur/gbp/aud/nzd/usd/cad/chf/jpy".
please, don't change the series of currencies. try to
delete
currencies of parameter, not
typing
currencies on parameter.
number of currencies gives number of rings
3 currencies = 1 ring.
4 currencies = 4 rings.
5 currencies = 10 rings.
6 currencies = 20 rings.
7 currencies = 35 rings.
8 currencies = 56 rings.
please test expert on demo account first to see how it works.
expert can't to make back test, because use a multi pair strategy. orders that open in the back test are completely random to pass the test for approval.
You may also like: donchain counter-channel system - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "3.6"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict.......
⚠ 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.