Roboost
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 Roboost
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
Roboost is an EA for MetaTrader 4 trading. It combines several ideas of common forex robots such as RSI half-scalping.
It tries to limit the risks by
adding a limiter to maximum lot size
usage of stop losses
limitation on trading hours
limitation of maximum Spread to avoid trades during news or difficult market conditions
Using Pending Orders instead of Market Orders
It also calculates lot size automatically based on remaining equity if enabled in the set.
The code is delivered as-is.
Target tf: h1
Testing period: long term (e.g. 2 years)
Pairs: EURUSD, GBPUSD, other major pairs
It can run on different pairs in parallel with different sets. Of course, the automatic lot calculation is dependent on the remaining equity — in case of several pairs traded in parallel, the lot size will be impacted by all other open trades.
I am submitting it as a template for further development.
Before trading on live account, please do extensive testing and/or further development.
Recommendations:
Try the attached sets for EURUSD h1 first
Test on 2 yrs
Insert a 2nd indication to validate the trades in the highlighted section (if you know, what you are doing)
Dependencies:
There is no include/library/dll needed so far
In case you enter more sophisticated indicators, you might have to allow dll-usage in expert settings
