How do I install this Expert on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 4?

Yes, this Expert is built specifically for MetaTrader 4.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free rs i expert. 0 Expert for MetaTrader 4

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rs i expert. 0

Info

The rs i expert. 0 is a Expert Advisor for MetaTrader 4 that added:the ability of more detailed customization of the indicators, martingale, calculation of the lot size depending on the balance, 2 moving average indicators (fast and slow). description of trading using the two moving averages.

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 rs i expert. 0

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

added:the ability of more detailed customization of the indicators, martingale, calculation of the lot size depending on the balance, 2 moving average indicators (fast and slow).

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: Parabolic SAR Trading EA - PSAR Bug 7 - another powerful expert for MetaTrader 4 traders.

added:

the ability of more detailed customization of the indicators,

Also recommended: stochastic - similar expert with strong performance on MetaTrader 4.

martingale,

calculation of the lot size depending on the balance,

2 moving average indicators (fast and slow).
description of trading using the two moving averages. the ea has 3 trading modes using them:

disabled
— the ea does not use moving averages for trading;

direct
— if the fast ma is above the slow ma, then opening buy orders is allowed, if the fast ma is below the slow ma, then opening sell orders is allowed;

reverse
— if the fast ma is above the slow ma, then opening sell orders is allowed, if the fast ma is below the slow ma, then opening buy orders is allowed;
martingale:

if, when there is a signal to open a trade, the previous trade in the same direction is at a loss, then its lot is doubled, in other words, if there is a signal to buy and the previous buy trade is at a loss, then the new trade will have its lot size doubled from the previous one.

to enable this mode it is necessary to switch the lot type to the martin mode, the initial lot value is specified in the lot parameter.
lot size as a percentage of the balance:

the name speaks for itself — the lot size will vary depending on changes in the value of your balance;

to enable this mode it is necessary to switch the lot type to the percent of balance mode, the required value is specified in the lot size as a percentage of balance parameter, during that the lot parameter value is not considered,
if the lot size is calculated as lower than the minimum allowed, then the trade is not opened.

You may also like: i tr a d e - excellent alternative for expert users on MetaTrader 4.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property version       "2.00"
#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
enum enum_ma_trade 
  {
   off,     //
   forward, //
   revers   //

.......

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⚠ 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.